Lite-Netics
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Lite Netics Net Worth 2023 Update (Before & After Shark Tank)

Lite Netics, a magnetic holiday light, was started by Shawn Genenbacher in August 2009. As of September 2023, Lite Netics’ net worth is $1 million, and they’re pulling in a whopping $1 million in annual revenue 

In December 2013, they appeared on Season 05 of Shark Tank USA, seeking $125,000 in exchange for 20% equity, valuing the company at $625K. However, the Sharks were interested in something other than investing in Lite Netics. Offers from the sharks, he disagreed with them, and he left without a deal.

In September 2023, they’re still in business, making over $1 million in yearly sales. You can buy their products online, including on their website and Amazon.

Lite Netics Net Worth

Net worth$1 million (2023)
Annual Sales Revenue$1 million (2022)
Profits
Lifetime sales
InvestorNone
FounderShawn Genenbacher
Employees10 employees

Lite Netics Net Worth Timeline

Net Worth 2023$1 million
Net Worth 2022$1 million
Net Worth 2021$500K
Net worth valuation 2013 before appearing on Shark Tank  $625K

Lite Netics Pitch on Shark Tank

Company nameLite Netics
ProductMagnetic holiday lights
EpisodeSeason 05 Episode 12
Founder Shawn Genenbacher
Asked for$125,000 in exchange for 20% equity
Final dealNo Deal
Shark None
LocationTexas, USA

Don’t miss these product from Season 05

Lite Netics Founder

Lite Netics was founded by Shawn Genenbacher in 2009. Shawn Genenbacher owns the company Lite-Netics and graduated from Texas Tech University, Texas. Also, He currently works as a Project Manager in Tigris, LLC. Lite Netics’s founder, Shawn Genenbacher, has a net worth of 1 million USD as of 2023.

Key accomplishments

YearAccomplishment
2013The company appeared on Shark Tank Season 05
2022The company earned 1 million revenue as of 2022

Conclusion

From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Lite Netics and its continued success.

What do you think?

Written by GAG Team

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