⇒ XTorch Net Worth 2024 is $3 Million ⇐
This company gives 25% of its profits to charity; at present, XTorch’s net worth is $3 million. XTorch’s Net worth before appearing on Shark Tank $3 Million (Company valuation). It is almost impossible to the current net worth because XTorch is NOT being sold on Amazon. They are only selling their product on XTorch’s official website.
| Company Name | XTorch |
| Founder | Gene Palusky and Keidy Palusky |
| Founded | 2018 |
| Product | Rechargeable solar-powered flashlight |
| Asked For | $150,000 for 10% equity |
| Final Deal | No Deals |
| Shark | No Shark |
| Episode (Shark Tank USA) | Season 12 Episode 22 |
| Air Date | April 23, 2021 |
| Business Status | In Business |
| Net Worth | $3 Million (2024 Update) |
| Website | Visit Website |
| Headquarters | Minnesota, US |
From the beginning of the world, humans have been afraid to face nighttime because of darkness; from there, they have tried to lighten up in darkness. Two billion people on the planet live in darkness and need energy. Where the darkness is like curse for them because half of the day time they can’t do anything just because of lack of energy and light.
At that time, a couple named Gene and Keidy Palusky tracked the issue with the solar-powered flashlight called Xtorch. They were pitched on Shark Tank without any deal, and surprisingly in 2022, Xtorch is worth $1 million.
Founder of XTorch
Gene Palusky and Keidy Palusky were the founders of the business. He studied fine arts at Macalester College and earned his master’s degree from the University of Wisconsin. After that, he started to cut as a sculptor.
After 15 years, the artist decided to change his career, and he went into the real estate business, buying and renovating old apartments for 20 years. He met with his wife on a vacation trip in the Dominican Republic. Gene was the brain, and Keidy was the heart, which made them stronger and more practical.
Story of the Company
Keidy helped out Gene go on an adventure and leave his real estate business behind him. They have travelled to African countries where many people suffer from electricity and energy. They practically saw students who studied without light at night, and they decided to do something about it.
In 2015, Gene designed the XTorch solar flashlight, and he also established the EJ case. The company is responsible for manufacturing its products, which are sold for $60 each, and they provide light and a backup phone charger. Their efficiency was too good at a low cost, and for that, they think this may hit in the future.
In 2019, this couple had sales of $53,000 from their business, but they were losing money. For that, they hit the idea that they went to the Shark Tank asking for $150,000 for 10% equity. They were serious about it and wanted to boost direct customer sales without relying on third-party retailers.
During that time, it came to the Sharks’ attention that the Xtorch flashlight didn’t have a patent, and they also got concerned about the company’s sales history.
However, Robert Herjavec came out of nowhere, offering $500,000 to buy the full business. Gene demanded $1 million for 100%, but he was denied. Gene then asked for at least $750,000, but Robert said no. So, the entrepreneurs walked out without any deal.
- Entrepreneur: Gene and Keidy Palusky
- Business: Solar-powered flashlight
- Ask: $150,000 for 10% equity
- Result: No deal
- Shark: None
What Happened to XTorch After Shark Tank?
Many Shark Tank fans liked their idea and the story behind the crotch, and for the blessing of this, they got 2000 orders after the episode aired on TV. This is a 350% increase from their previous year’s sales.
They have received 4.5% rating on Amazon, which was a positive sign for their products. However, many viewers also believe that Paluskys shouldn’t have taken up Robert’s offer because they think Gene’s demand was a good deal for Robert, which he denied. Their idea was unique, and this helped the poor person with little profit.
Church is contributing 25% of its profits to various charity organizations around the world. Its growth has been steady as the company’s value is currently sitting at $1 million. Xtorch hopes to reach $3.2 million in revenue by 2024 and will need to double its sales yearly to meet its target.
XTorch 2024 Update
| Net Worth | $30,00,000 |
| Annual Sales | $90,000,0 |
| Profits | $2,80,000 |
| Lifetime Sales | $750,000 |
| Founder | Gene Palusky |
| Employees | 2 |
XTorch Net Worth Growth:
| XTorch Net Worth 2023 | $20,00,000 |
| XTorch Net Worth 2022 | $1.5 M |
| XTorch Net Worth 2021 | $1.2 M |
| XTorch Net Worth 2020 | $1 M |
| XTorch Net Worth 2019 | $560,000 |
| XTorch Net Worth 2018 | $220,000 |
XTorch Product Features
- As a flashlight
- A lantern
- A phone charger
- It glows in the dark
- It floats
- Light Run time :
- 8 hours of solar charge ≈ 9 hours of flashlight run time on low.
- Charging
- Using Solar Panel in 22 hours of full sun
- Using USB Cable in 1.5 hours
- LIFEPO4 Battery life is ≈ 7 to 10 year
- Battery holds power up to 3 years without charging
- Solar panel ≈ 1 watt output
- LED technology – 30,000 hour life span
- Resistant
- High Impact
- Water and UV
- Floats in Water
- Tested across 30 countries in the world
- Light Weight – Weighs 9.4 Ounces and Height 8.5 inches.
XTorch Product Review:
XTorch Frequently Asked & Question:
How much does XTorch cost?
At the time of the Shark Tank pitch, XTorch cost $55.95, but now, they decreased the price to $49.95.
Where can I buy XTorch?
If XTorch is unavailable on Amazon, you can buy it from the XTorch Website.
How much is XTorch Net Worth?
According to the sales data shared by Gene and Keidy, XTorch is worth more than $3 million.
Did X torch get a deal on Shark Tank?
XTorch Official Social Media
| Click Here | |
| Click Here | |
| Website | Click Here |
