XTorch, a rechargeable solar-powered multi-functional flashlight, was started by Gene Palusky and Keidy Palusky in 2018. As of September 2023, XTorch’s net worth is $1 million, and they’re pulling in a whopping $90K in annual revenue.
In April 2021, they appeared on Season 12 of Shark Tank USA, seeking $150,000 in exchange for 10%, valuing the company at $1.5 million. However, the Sharks were not interested in investing in XTorch. They don’t have a patent, which worries the sharks. They fear more prominent companies might copy the product and steal sales. Finally, all sharks drop out without any deal.
XTorch is still in business. They sold more and got more attention in the media after being on Shark Tank. You can purchase from their e-commerce channels, such as the XTorch website and Amazon.
XTorch Net Worth
| Net worth | $1 million |
| Annual Sales Revenue | $90K |
| Profits | $18K |
| Lifetime sales | $450K |
| Investor | None |
| Founders | Gene Palusky and Keidy Palusky |
| Employees | Below 10 employees |
XTorch Net Worth Timeline
| Net Worth 2023 | $1 million |
| Net Worth 2022 | $1.5 million |
| Net worth valuation 2021 before appearing on Shark Tank | $1.5 million |
XTorch Pitch on Shark Tank
| Company name | XTorch |
| Product | Rechargeable solar-powered multi-functional flashlight |
| Episode | Season 12 Episode 22 |
| Founders | Gene Palusky and Keidy Palusky |
| Asked for | $150,000 in exchange for 10% |
| Final deal | No Deal |
| Shark | None |
| Location | USA |
XTorch Founders
XTorch was founded by Gene Palusky and Keidy Palusky in 2018. Gene and Keidy Palusky, based in Edina, MN, invented XTorch. It’s a solar-powered tool serving as a light, phone charger, and more, addressing light shortages in developing nations. XTorch’s founders, Gene Palusky and Keidy Palusky, have a net worth of 1 million USD as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2020 | Featured in Kare 11, Star Tribune, Pioneer Press, Gear Junkie, Sun Current, and Macalester |
| 2021 | Featured in Family Handyman |
| 2023 | Availability in Best Camp Kitchen |
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 XTorch and its continued success.
