Gene and Keidy Palusky required a long-lasting source of light. They needed light because they were traveling to Africa. Their available lights were inadequate. They chose to create their own light. A multifunctional light was created by them. XTorch was the name of it. XTorch is a light that functions as both a lantern and a torch. Additionally, it can charge a phone.
Shark Tank was visited by Gene and Keidy to present their product. They made a request to the sharks. They demanded $150,000 in exchange for 10% of their business. Will the entrepreneur get a deal on Shark Tank? Check out our Xtorch update to find out!
Xtorch Net Worth Shark Tank Update 2025
Gene and Keidy Palusky asked for a $150k investment in exchange for 10% equity in their company, XTorch. This meant they valued their company at $1.5 million. Although they did not secure a deal on Shark Tank, XTorch continued to grow in popularity after the show aired. With an estimated 10% yearly growth rate (typical business growth), the current net worth of XTorch is about $1.1 million. After the show aired, XTorch saw a big increase in website traffic, sales, and social media exposure.
Even after they failed to secure a deal XTorch continued to expand. A lot of people wanted to purchase XTorch once the program aired. The business received over 2,000 orders. The concept of a multifunctional torch was appealing to many. XTorch is still operating as of 2024. The product is still being sold online by the corporation.
Reviews for XTorch are positive on Amazon. More than 200 users have given it a 4.5-star rating. It is said to be a good product. XTorch is a small business. However, they are expanding yearly. Keidy and Gene continue to improve XTorch. They are also attempting to use their light to assist additional individuals. The business is still thriving.
Shark Tank did not offer XTorch a deal. Keidy and Gene want $150,000 in exchange for 10% of the business. Sharks approved of the concept but declined to extend an offer. Kevin O’Leary refused because he believed the cost was high. While they thought the product was good, other sharks weren’t sure how well it would sell.
A different offer was made by Robert Herjavec. He desired to purchase the entire business. His bid to buy out XTorch entirely was $500,000. However, Keidy and Gene were opposed to selling the entire business. They requested $1 million. Robert declined that. Thus, Keidy and Gene departed without a deal. But after the pitch, they continued to put in a lot of effort to expand their business.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Daniel Lubetzky | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | $400,000 for 100% equity | #1 $1 million to sell the entire company #2 $500,000 for 100% equity#3 $750,000 for 100% equity | N/A |
| Mark Cuban | Out | N/A | N/A |
Xtorch Shark Tank pitch
While traveling through Africa, Gene and Keidy had the idea for XTorch. They required a long-lasting source of light. But after searching for hours they failed to discover one. They made the decision to make one. They had high hopes for it to do more than just turn on. They also intended it to be a phone charger. XTorch was a difficult project to develop. They had to find a way to create a light that was multifunctional.
They faced many challenges along the road. However, they continued to work. They worked really hard and eventually developed XTorch. It is a bright glow that lasts for several hours. Additionally, it has phone charging capabilities. Gene and Keidy wanted to help people in places where light is hard to find. They wanted to make a light that would work for anyone, anywhere.
Gene and Keidy came to Shark Tank ready to show their product. In exchange for 10% of XTorch, they requested $150,000. The sharks were shown XTorch’s procedure. A torch is not all that XTorch is. It is a useful light as well. It can also charge your phone. Keidy and Gene discussed how XTorch is excellent for camping. It can also be used in emergencies. The fact that XTorch was so flexible impressed the sharks.
It was also mentioned by Gene and Keidy that XTorch floats on water. It is therefore helpful in the event of a flood or other disaster. They requested the sharks’ assistance in order to sell additional XTorch lights. It was their goal to reduce expenses so that consumers could afford the light. The sharks were interested but had some concerns.
The sharks investigated XTorch with a lot of questions. They were curious about how long it lasted. Gene informed them that an XTorch can run on a single charge for 48 hours. If you don’t use it it can also store its charge for up to three years. The price was another question the sharks had. Gene stated that XTorch retails for $55.95. Each bulb costs $18.50 to produce.
Still, they’re trying to get the price down to $14. \The sharks found the goods to be good, although they felt that the torch was overpriced. The sharks questioned about sales as well. Gene and Keidy stated that they sold XTorch lights for $113,000. The sharks were concerned that the company might fail due to the cost and lack of a patent. They wanted to know if Gene and Keidy could sell more XTorch lights directly to customers.
Though skeptical, the sharks appreciated XTorch. The first to say no was Kevin O’Leary. He believed that the cost was excessive for a torch. Concerns have been expressed by other sharks. Although they thought the product was good, they weren’t sure if it would be a success. The absence of a patent for XTorch also concerned the sharks. This meant that other businesses could steal the concept.
The sharks weren’t prepared to invest without a patent. Robert Herjavec was a big fan of the product. His bid was to purchase the entire business. He planned to give Keidy and Gene $500,000 for the whole company. However, Gene and Keidy were against selling their business. Robert declined to accept their request for $1 million.
What Went Wrong With Xtorch On Shark Tank?
XTorch was not able to secure a deal for a number of reasons. The sharks initially believed that the price was too exorbitant. XTorch is more than just a torch, yet $55.95 still seemed like a lot for a torch. Secondly, the business lacked a patent. The sharks felt worried by this. They feared that other businesses would steal the concept and produce something similar. The sharks believed the company was at risk since it lacked a patent.
The sharks were also skeptical about Gene and Keidy’s ability to close deals with clients directly. The sharks believed they needed assistance to increase their internet sales because they had primarily sold through shopfronts. These factors prevented any of the sharks from reaching an agreement with XTorch.
Product Availability
XTorch is a unique item. It serves as more than just a torch. It is a lamp that can be used. When needed, it can also charge a phone. XTorch is built for long-term use. On a single charge, it can provide light for 48 hours. It is also helpful in crises because it floats on water. You may buy XTorch online. Both Amazon and the XTorch website sell it. The price is $55.95. That is the pricing for the time being, but the company is aiming to make it cheaper.
A lot of XTorch users express satisfaction with it. On Amazon, the product has received 4.5 stars from over 200 users. Stores do not sell XTorch. It can only be purchased online. You can only buy it online. Gene and Keidy are working hard to get XTorch to more people who need it.
Conclusion
A device called XTorch can benefit users in a variety of ways. This light lasts for several hours. It functions as a lantern and a phone charger. Keidy and Gene wished to use their light to assist others. To seek assistance from the sharks, they visited Shark Tank.
They requested $150,000 for a 10 per cent stake in the business. Although they had reservations the sharks thought the product was good. They refused to come to a deal. But XTorch grew after the show. There was a large demand for the goods.
XTorch is an active company to this day. They continue to market their lights online. Growing the company is still a top priority for Gene and Keidy. XTorch has a large and happy customer base. Positive product reviews and a high rating.XTorch may not be a huge company but it is still growing. We can expect to hear more from XTorch in the future.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
