XTorch Net Worth

XTorch is a startup that was featured on Shark Tank America in April 2021. The company is headed by Gene Palusky and has a net worth of one million dollars. It gives away 25% of its profits to charity. In its first year, the company sold over 1400 units. The company has a website and sells the product through retail outlets.

It has also received widespread press coverage, especially in local newspapers, such as The Star Tribune, the largest newspaper in Minnesota. The company has plans to double its sales every year and hopes to reach $3.2 million in revenue by 2024. Its two young children are also helping out, as are Palusky’s mother and his wife.

The company’s products include a solar-powered flashlight, lantern, and phone charger. Gene and Keidy Palusky developed the product to solve a problem in Africa: people needed a light source that would last for hours. The flashlights on the market were not up to their expectations, so they decided to develop their own. In 2018, they gave away about 1,500 of their products and sold another 200 for $60.

The founders of XTorch have been working on their company for years. Despite numerous offers from investors, they chose not to sell the company. In 2016, the company sold over $113,000 worth of portable devices. They even created a mobile phone charger. Their product has received many awards, including one for the best flashlight in the world.

While this may sound like a dream, the company is not all that wealthy. The company did not receive a deal on Shark Tank. However, the company is dedicated to helping those in need. It donates 25% of its profits to charity. With the help of their product, they are helping to save the lives of many people around the world.

Gene Palusky’s inspiration for the XTorch device came from his travels in remote areas. He worked in Equatorial Guinea and the Dominican Republic. While in these remote areas, he noticed that many people were afraid of the dark and had no power after sunset. This led him to develop a design for the XTorch flashlight, a model that works in remote areas as well as in homes.

The XTorch was featured on ‘Shark Tank’ season 12 and is a solar powered flashlight, lantern, and phone charger. It was developed for people living in developing countries and for those who enjoy outdoor activities. The company has a net worth of around $1 million. The company’s products have been featured on a variety of media platforms, including ‘Shark Tank’, the StarTribune, Gadget Hints, and Best Camp Kitchen.