XTorch Flashlight Net Worth

XTorch is a solar powered flashlight company that was created by Gene and Keidy Palusky. Their goal is to provide a reliable source of light for those who live in poor areas of the world. They also donate 25% of their retail sales to charity. They have been featured in a variety of media publications, such as Southwestjournal, Gadget Hints, and Best Camp Kitchen. The Paluskys also have contributed more than four thousand XTorches to various charities.

Before launching their business, the Paluskys were in the real estate industry. They had worked in remote areas of the world without electricity. They came up with the idea for the XTorch after a trip to Africa where they saw that there was a shortage of power. It was also difficult for children in these regions to read books or do homework, as they could not study when there was no light at all. To help bring light to those who needed it, they created a light that would last for hours. Their design also incorporated a phone charger.

The Paluskys have partnered with many nonprofit organizations, such as International Relief Partners, to help improve the lives of people in developing nations. They have donated thousands of XTorches to children in the Dominican Republic and Haiti. They expect to double their sales every year, and their goal is to reach $3.2 million in revenue in 2024.

The company’s founders, Gene and Keidy, have been developing their business for several years. They have been working with Jerry’s Hardware, which is an independent distributor of XTorch. They have sold more than 1400 units from their own inventory, as well as through the online store. The Paluskys have also donated more than 4,000 XTorches to the Dominican Republic and Haiti, and hope to give away another 1,000 in the near future. They are also planning to send 2000 torches to the Dominican Republic and Haiti in 2020.

The company, which is a three-in-one device, is designed for wilderness excursions, camping, and emergencies. It is portable, durable, and has two levels of brightness, which means that it can provide up to 48 hours of illumination. In addition, it is field-tested to ensure that it works when needed. It can be charged by electricity, sunlight, or a USB cord.

When the Paluskys went to Shark Tank, they asked for a $150,000 investment in exchange for 10% equity in their company. They were also offered $500,000. The Paluskys turned down the offer, believing that they wanted to focus on direct-to-customer sales. They had been making average sales of $53,000 per year. They were hoping to increase the number of direct-to-customer orders, and so they were interested in bringing in sharks’ expertise to help them increase the amount of money they made.

After their appearance on Shark Tank, the Paluskys received a number of orders for XTorch. Their product is currently available through the website, and they are focusing on increasing their direct-to-customer sales. Their goal is to sell more than one thousand units in the next six months, and they expect to double their sales in the year ahead. They have also been receiving a positive response from customers on Amazon. Most consumers have given the XTorch five star ratings.