As per the latest update from Shark Tank, First Defence Nasal Screens has a net worth of $19 million. Even though the company got a deal on Shark Tank, It subsequently failed due to disagreements between Cuban and O’Leary later on. First Defence is one of those products that have benefitted heavily from Covid.
Sales Revenues
First Defence made $1.4 million in sales with a single Saudi Arabian customer when the company made its Shark Tank pitch. There was little sales growth for the company following the Shark Tank episode. However, sales took off after COVID. Let’s look at sales year over year.
| Year | Revenues |
| 2023 | $10 Million |
| 2022 | $24 Million |
| 2021 | $8 Million |
| 2020 | $1.9 Million |
| 2019 | $1.5 Million |
| 2018 | $1.7 Million |
Must See:
Shark Tank Pitch
First Defence founder Joe Moore seeking a $500k investment for 10% of the company. Inhaling contaminated air and resulting nasal allergies is a huge problem and First Defence Nasal Spray looks to solve it.
Robert offers $4 million to buy the entire company and also agrees to give a 15% royalty to its founder. However, Joe Moore asks for $5 million which Robert rejects and drops out of the deal.
Mark Cuban, Kevin O’Leary, and Daymond John team up and offer $750k for 30% of the company. Joe Moore accepts the offer and they shake hands.
What is First Defence?
First Defense Nasal Screens are the first ever non-inserted, hypo-allergenic, self-adhering nasal filter. FDNS are designed to help filter and reduce the amount of contaminants that everyone inhales in all types of environments.
With 70% of the world suffering from allergies, occupational lung disease is the number one cause of work-related illness.
Final Verdict
First Defence Nasal Screens saw a huge sales bump due to COVID-19. But since lockdowns ended, the company saw a decline in sales.
First Defence’s valuation is expected to grow at a rate of 20% annually, still making it one of the most successful companies to appear on Shark Tank.