How Much Is Breathometer Worth?

How Much Is Breathometer Worth?

As of the latest updates, Breathometer is out of business and its current worth is effectively zero. The company’s website is no longer active, and there are no recent developments indicating a revival of its operations.

 Given the regulatory issues, refunds, and the shift in business strategy that did not succeed, the company’s worth has significantly diminished.

Breathometer, a startup that appeared on Shark Tank, gained significant attention with its innovative product designed to measure blood alcohol content (BAC) using a smartphone attachment.

However, the company has experienced various ups and downs since its appearance on the show.

 Here is a detailed overview of Breathometer’s journey and its current worth.

Breathometer: An Overview

Company Name: Breathometer

Founders: Charles Michael Yim

Founded: 2013

Product: Smartphone Breathalyzer

Shark Tank Deal: All five Sharks invested $1 million for a 30% equity

Current Business Status: Out of Business (as of the last update)

Description and Early Success

Breathometer was founded by Charles Michael Yim in 2013 with the aim of providing an easy-to-use device that could measure a person’s BAC by blowing into a small device connected to a smartphone. The product was designed to help users make safer decisions about drinking and driving.

Shark Tank Appearance and Investment

Breathometer’s appearance on Shark Tank was a notable success. In 2013, Charles Yim impressed the Sharks—Mark Cuban, Kevin O’Leary, Daymond John, Robert Herjavec, and Lori Greiner—with his pitch. All five Sharks decided to invest a total of $1 million for 30% equity in the company, which was a rare occurrence on the show.

Challenges and Regulatory Issues

Despite the initial success, Breathometer faced significant challenges. In 2017, the Federal Trade Commission (FTC) found that Breathometer had made misleading claims about the accuracy of its devices. The company was required to offer full refunds to all customers and stop making unsupported accuracy claims. This issue severely impacted the company’s reputation and sales.

Shift in Business Focus

Following the FTC ruling, Breathometer shifted its focus from consumer breathalyzers to developing a broader range of health-related sensing technologies. However, this pivot did not manage to regain the momentum and trust that the company initially had.

Current Worth and Status

As of the latest updates, Breathometer is out of business. The company’s website is no longer active, and there are no recent developments indicating a revival of its operations.

 Given the regulatory issues, refunds, and the shift in business strategy that did not succeed, the company’s worth has significantly diminished.

Breathometer Estimated Worth:

Due to the company’s closure and the regulatory setbacks, Breathometer’s current worth is effectively zero. The company, which once had promising potential and substantial investment from all five Sharks, could not overcome the hurdles it faced post-Shark Tank.

Breathometer’s journey serves as a cautionary tale about the importance of regulatory compliance and maintaining product accuracy, especially in the health and safety sectors. Despite a strong start and substantial investment, the company’s failure to meet regulatory standards ultimately led to its downfall.

 As of now, Breathometer is out of business, and its current worth reflects the challenges it could not overcome.