Shark Tank Presentation by Circadian Optics
Amber Leong, a resilient entrepreneur, made a splash on Shark Tank with her company, Circadian Optics. Specialising in smart light therapy lamps designed to improve mood and sleep by regulating circadian rhythms, her innovative product has been a beacon of hope for many.
Currently, sales for Circadian Optics are exclusively online. However, Leong seeks a strategic partner to help her expand into retail, aiming to make her light therapy lamps more accessible to the public.
The Circadian Optics lamp, a practical and stylish addition to any home or office, is particularly beneficial for individuals who spend most of their day in dark, covered environments due to busy schedules. Despite its effectiveness in providing recommended natural light, the lamp's light is somewhat focused, making it too bright for its small size and illuminating only one direction rather than the entire room.
Leong's company is valued at an impressive $5 million, with last year's profits reaching $652,000. This year, she aims for $5.6 million in sales, anticipating $1.3 million in profits.
Alternatives to the Circadian Optics lamp include the Light Therapy Lamp, the Carex Day-Light Sky Bright Light Therapy Lamp, and the Theralite Aura Qi Light Therapy Sun Lamp. Each of these options caters to the unique needs of those seeking a light therapy solution.
Amber Leong's backstory is as inspiring as her business. Growing up in a poor household, she moved to America with the help of her parents and overcame toxic shock syndrome. Her story moved all the Sharks to tears, and they applauded her for her courage.
During her Shark Tank appearance, Leong was presented with two offers. Lori and Mark offered $750,000 for 20% equity, with an additional $50,000 to send to her parents. Kevin and Barbara, in a show of solidarity, offered the same terms.
Leong's journey is a testament to the power of determination and the potential for innovation to change lives. As she continues to grow her business and expand her reach, the future of Circadian Optics looks bright indeed.
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