Circadian Optics Net Worth: Light therapy lamps can be utilized to bring the sun into your room whenever you need it when you use Circadian Optics. Amber Leong, who founded Circadian Optics, a company that creates light treatment lights, claims she is living the American dream. Amber Leong was born in Malaysia and now lives in Minneapolis, Minnesota. Amber pitched her firm to the sharks on Season 11 of Shark Tank, asking for $750,000 in exchange for a 10% stake in the company.
LED lights, which are designed to seem like natural sunlight in terms of color and brightness, may help you maintain a normal sleep-wake cycle. Because of its modest size and beautiful style, it is a perfect choice for a professional work setting. Amber Leong, a Shark Tank contestant, startled investors in October with the following story:
What prompted the creation of Circadian Optics in the first place?
Because of the assistance of her parents, Amber Long, the founder of Circadian Optics, she was able to complete her Finance degree in the United States. As a result, she worked hard until she was able to financially support her parents and siblings in Minnesota. As a result of her long work hours, extensive screen usage, and lack of exposure to sunshine while working in a dark office, her sleep and health began to deteriorate. She learned about light therapy and decided to buy a light therapy lamp for her own home use after reading about it. I
When did Circadian Optics become extinct in the scientific world? Is the company still thriving?
Circadian Optics Light Therapy Lamps is still in operation today, proving that the company remains. This is a direct effect of their Shark Tank debut. The lights are also available for purchase directly from the company’s website, in addition to Amazon. t improved her mood and helped her regain her health. Her employees, on the other hand, made fun of her appearance when she was using the light because it was so large and bulky.
Circadian Optics was rejected by Shark Tank?
On Shark Tank’s season 11 episode, the developer of Circadian Optics was able to secure a deal. However, after the show aired, a contract between Sharks Greiner and Cuban did not go through as expected. The transaction’s failure is still a mystery. Circadian Optics, on the other hand, has earned a lot of positive press since its appearance on Shark Tank’s 11th season. The light treatment startup has been featured in several periodicals, including The Wall Street Journal and Forbes.
What is the current market worth of Circadian Optics?
Amber Leong, the founder of Circadian Optics Light Therapy, appeared on Shark Tank and estimated the company’s worth at $7.4 million at the time of the episode. It is currently unknown how much money the company will be worth in 2020. The company’s current valuation might be in the range of $13 million, based on her published 2019 forecasted revenue predictions of $5.6 million. Then she realized she had a one-of-a-kind opportunity to meet a market requirement. She came up with the idea of creating light therapy lights that are fashionable, compact, and portable.
Amber Leong founded and currently operates a light-therapy lamp company after being inspired by a lack of sunlight in her corporate employment. She designed a line of lamps that simulate natural sunshine to make indoor workplaces feel more like outside ones. She had the wonderful idea of designing light therapy lights that are not only appealing but also convenient to carry along. Long and her husband established Circadian Optics Light Therapy in 2016. The company has grossed $7.4 million in total sales since then. Before they appeared on the show, their estimated sales were $5.6 million.
How much money does Circadian Optics bring in?
Leong found herself explaining her company Circadian Optics to the Sharks while recording an episode of Shark Tank, who listened intently and were pleased. “I am a huge lover of the show,” she said in an interview with CNBC Make It. I joked with my family and friends when I first launched the firm in 2016 that I might one day be on ‘Shark Tank.'” While enduring “difficult” Minnesota winters, Leong came up with the concept for her lamp series (which retails for $45 to $70).
Despite having no prior engineering expertise, Leong took a one-way flight from Malaysia’s balmy capital to a chilly Minnesota college when she was just 20 years old to combat a life-threatening disease and go on to build a thriving light-therapy business. Mark Cuban and Lori Greiner have invested a total of $750,000 in Circadian Optics, a $4 million firm based in Minneapolis, according to the company. The Sharks went above and above for Leong’s parents, adding an extra $50,000 in their offer to bring their daughter to the United States and finally to the pitch of a lifetime.
What led to the development of Circadian Optics in the form we know it today?
Amber Long, the developer of Circadian Optics, was able to pursue a Finance degree in the United States with the help of her parents. She chose to work in finance in Minnesota as a way of repaying her family for their assistance. Her sleep and health began to suffer as a result of a mix of long work hours, excessive screen time, and a lack of sunlight in a dingy office. She learned about the advantages of light therapy and bought a lamp to use at home. It helped her feel better and enhanced her health. Because her lamp was so large and hefty, her coworkers teased her about it. That’s when she noticed a market opportunity and chose to seize it.
Is it, however, Genuinely Effective?
Circadian Optics’ founder, who is from Malaysia, argues that the absence of light in Minnesota has negatively impacted her health. However, after utilizing a light treatment lamp, she began to feel better. Her coworkers teased her about the lamp’s style and size, claiming it made her look like “the crazy lady in the workplace.” Unfortunately, her coworkers come across as jerks. You’re all incredibly kind people. Very elegant!
Nonetheless, the entrepreneur realized that she could design a light treatment lamp that was both functional and fashionable in order to meet a market need. Fill in the blanks she’s left behind. Circadian Optics has made $7,400,000 in total sales, with $4,000,000 in the last year alone. That’s a profit of $625,000 for the corporation. Circadian Optics aims to achieve a profit of $1,300,000 on sales of $5,600,000.
The entrepreneur claims that all sales have been done online straight to consumers, with an average sale of $57.99 and a profit margin of 70%. It’s reasonable that Mark is perplexed as to the source of the problem. According to the businesswoman, a shark is required for the company to progress. Circadian Optics is a $5 million company that only sells its products online and has no intentions to open physical storefronts.
Summary
Circadian Optics’ LED light therapy lights are supposed to boost serotonin production in the brain by restoring circadian rhythms. People with seasonal affective disorder may benefit from exposure to light that simulates sunlight if they are experiencing mild symptoms of the “winter blues.”
