First, the always important revenue question. As Don Sandusky explained during their pitch, Hamboards had done $225,000 in revenue in the year before their "Shark Tank" appearance. They were targeting $350,000 for the calendar year 2014.
Hamboards did indeed enjoy a "Shark Tank" bump. Robert Herjavec revisited Hamboards in March 2016 on "Beyond the Tank" and got an update from Sandusky on the numbers. In the first year since appearing on "Shark Tank," Hamboards exceeded $1 million in sales.
The year after that wasn't quite as good, with the company only clearing $447,000. That might sound like a lot, but as Sandusky explained on "Beyond the Tank," the company needed $750,000 to $800,000 annually just to break even. The shortfall raised concerns about the long-term viability of the business. On "Beyond the Tank," Herjavec advised Pete Hamborg and Sandusky to reduce costs by 10% to make the company viable.
It appears Herjavec's advice worked, because Hamboards is still in business today. While the company hasn't released updated sales numbers after 2016, its products are still widely available today. In 2018, the company launched a new skateboard with an improved line called the "Carve" collection (via AB News Wire). Hamboards also expanded its offerings to include apparel and accessories (via Hamboards.com).
The Hamborg family has been making its unique skateboards since 1997 and has been doing so professionally since 2006 (via Orange Coast Magazine). The fact that it's still going strong 16 years later makes it a definite "Shark Tank" success story.
