No, WISP is no longer in debt. The company has successfully overcome its significant financial obligations, including a debt that exceeded a million dollars, since its appearance on "Shark Tank."
WISP's financial turnaround marks a crucial period of recovery and stability for the business. This achievement highlights their ability to not only continue operations but also resolve major financial burdens acquired previously.
Key Highlights of WISP's Financial Status:
- Debt Resolution: WISP has successfully turned around its million-plus dollar debt.
- Post-Shark Tank Success: This financial recovery occurred since "Shark Tank", indicating a positive trajectory following the show.
- Ongoing Business Operations: The company continues to operate and maintain strong partnerships, such as its lasting relationship with QVC, where its products were last sold in May 2022. This demonstrates active business and revenue generation contributing to their stable financial position.
This information confirms that WISP has significantly improved its financial standing and is no longer burdened by its previous substantial debt.