Toilet Timer Shark Tank Update
Adam Stephey developed the toilet timer to tackle bathroom procrastination. Toilet Timer is a product that provides users with a predefined time frame that encourages efficient use of time and discourages unproductive delays.
Based on the Toilet Timer Shark Tank update, the Toilet Timer was showcased during Season 12, Episode 7 of the show by Adam and Katie, the founders of Katamco. They sought a $200,000 investment for 10% equity in their company. Mark Cuban offered to invest $200,000 for 20% equity. They accepted, and the deal was sealed.
After the episode aired, the sales of their product skyrocketed, and they sold 5,000 units in just one week. The company has been successful in generating good sales and expanding its product line.
We will explore the Toilet timer Shark Tank episode and every Toilet timer update. Let’s read on
Toilet Timer Shark Tank Profile
Was Toilet Timer on Shark Tank? Of course. It featured in season 12, episode 7 on Dec. 4, 2020. Adam Stephey’s creative journey began in his early years. He developed a Timer after his wife became fed up with him taking too long inside the bathroom.
This device is a sand timer that runs for approximately 5 minutes and is designed to help users manage their time in the bathroom. The timer is robust, simple to configure and adjust, and resets immediately without requiring inversion. It can be attached to the outside of the toilet bowl using suction cups.
The Timer was launched in 2017 on Kickstarter and is recommended for the average person’s toilet time.
Here is a tabular summary of Shark Tank updates on Toilet Timer.
| Company name | Katamco |
| Founder | Adam Stephey |
| Founded | 2017 |
| Product | A sand-filled plastic timer designed for bathroom use, running for about 5 minutes, aiding in the regulation of bathroom time. |
| Investment Asked for | $200,000 investment for 10% equity |
| Final Deal | $200,000 secured 25% equity |
| Shark | Mark Cuban |
| Episode | Season 12, Episode 7 |
| Air date | December 4th, 2020. |
| Business status | Still in business |
| Website | https://katamco.com/ |
| Headquarters | Hamilton Rd, Suite 1U Bloomington, IL 61704, United States |
| Go to Amazon | Toilet Timer by Katamco |
| Watch the Episode on | Amazon Prime |
Toilet Timer Shark Tank Update
On December 4th, 2020, Adam and Katie Stephey, the founders of Katamco, appeared on Season 12, Episode 7 of Shark Tank. Presenting their distinctive bathroom accessory, a toilet timer. They sought a $200,000 stake for 10% equity for their company.
The Sharks found the product captivating with its potential. Mark Cuban offered to invest $200,000 for a 25% ownership share in the company. Adam and Katie accepted, and the deal was sealed.
Even with limited promotional efforts, the product has managed to amass $318,000 in sales, demonstrating robust demand and the possibility of continued expansion.
The company has diversified its offerings to include timers featuring a likeness of former President Donald Trump.
What Happened to the Toilet Timer After Shark Tank?
After toilet timers appeared on Shark Tank, it saw a significant increase in sales and exposure. The Toilet Timer today is currently sold on Amazon, Walmart, and the company’s official website for $14.99.
Here are some details of what happened:
- In the week following their appearance, they sold over 5,000 units of their product.
- The company received media coverage in magazines and websites, including The Business Journals and VICE.
- The company has been successful in generating good sales, and all of its products have sold out on Amazon, potentially due to the Shark Tank’s appearance.
- They released different versions of the timer, including one with an image of a dad printed on it, as suggested by Mark Cuban as a Father’s Day gift.
- They also created a timer for all genders and a design featuring Donald Trump sitting on a golden pot
The exposure from Shark Tank has had a positive impact on the Katamco Toilet Timer, leading to increased sales, media coverage, and the expansion of its product line.
Toilet Timer Sales Data
Here is the yearly sales data of the Toilet Timer by Katamco in tabular form:
| Year | Sales Data |
|---|---|
| 2019 | $294,000 |
| 2020 | $318,000 |
| 2021 | Around $1 million (as of November 2021) |
| 2022 | About $1.5 million |
| 2023 | Sales data is not available yet. |
What is the Toilet Timer’s Net Worth?
Following its Shark Tank introduction, the value of the Toilet Timer increased. Initially, toilet timer net worth is $650,000, with a valuation of $2 million. Mark Cuban’s investment of $200,000, securing 25% ownership, raised its value to $800,000. As of May 2022, the estimated net worth of the Katamco Toilet Timer reached about $1.1 million.
Is Toilet Timer profitable now?
The Timer has maintained its momentum and continues to be profitable. However, without specific financial data or recent updates, it is difficult to provide an accurate assessment of its current profitability.
Final Words
The Toilet Timer is a simple yet innovative product designed to help people limit their time in the toilet. It has been successful in the market and has continued to grow its product line since its appearance on the Shark Tank.
The product has received positive reviews and has become a popular gift item. The founders of Katamco have continued to expand their product line and invent new products.
However, it is unclear if the product is currently profitable. But it is evident that the Toilet Timer has found a niche in the market and has become a popular gift option for many.
