Checked on update: sales increased by 450% as a result of the "Shark Tank effect", all debt was eliminated by the end of 2019, and 2023 revenue is 5 million. Good for him
Lori Greiner may have been correct in her belief that Nexersys will be able to clear the hurdle of an imbalanced balance sheet and cross the finish line to success. Only time will tell whether this up and coming company has enough steam to keep going, or if one of the big names in exercise equipment will gobble it up or squash it, as Mr. Wonderful is so fond of saying, like a cockroach. As the years went by, the company was able to become profitable. All debt was eliminated by the end of 2019. They added several products including a boxing trainer and a budget priced ($295) cross fit trainer. They still sell "industrial" versions for gyms, too. The products appeared in the Netflix series Cobra Kai. As of January, 2023, annual revenue is $5 million.
The Nexersys website reports that since appearing on Shark Tank, sales have increased by 450%, a possible result of the well-known "Shark Tank effect." The increase in sales has allowed the company to become profitable months before predicted. Many of the Convertible Subordinated Notes were converted to equity, reducing the debt load, and the company continues to service the debt via cash flow. The social media presence is strong, and Jones reports expanding sales into several international markets
Kevin is such a good sport. If any other shark was as made fun of as much as he does, they would be very petty but Mr Wonderful always laughs along people
@@jcout25mark, the billionaire, wasn’t laughing when that air freshener company had the team that beat the mavs on their product. Mark whined and dropped out.
According to the company website, they went up by 450% after the episode aired. This allowed them to become profitable months earlier than predicted. Not only were they able to reduce their debt load, but they also converted many of their Convertible Subordinated Notes to equity. By the end of 2019, they had cleared all their debt, which is an incredible feat, seeing as how they weren’t even profitable when they were on the show.
Not really, most businesses we see on here are bootstrapped, low debt businesses. This company is like many others in the home fitness space in that they have very high debt ratios and low solvency ratios. It’s expensive to operate and scale but it is not nearly as grim as the sharks portrayed. None of them were going to invest 2m for 10% so they played it up for drama.
@@EGarrett01 yes, I learned not to invest in a company that was drowning in debt to the tune of 7.5 million. If you learned anything new in this particular episode you're not very bright.
Lori was right! Their sales went up by 450% after shark tank and they became profitable sooner! They also eliminated debt by 2019 and has an annual revenue of 5M with some new products!!
I have one in my gym where I live. Been training some basic combos at 1 to 2 to 3 to 4 to 6 to 7 round intervals each round takes a full day to recover so I'm on week 3. I love it as I've been a bodybuilder/powerlifter all my life with slow reason speed you can only obtain by muscle memory. MM is a very overlooked to kick boxing that reignited me. The biggest reason keeping it real is because I train on it times at 330am, so I want have to worry about others. Every single workout I'm getting better & toughen my wrist/ankcle areas from otherwise injuries. Solid A.
I love this entrepeneur! He wasn't fazed on his game even when Kevin was honestly, pretty harsh on him. The product was great, in my opinon - could see a huge market for it. I'm happy to see they succeeded, dispite this adversity!
If I had 1/2 million to burn, I would not hesitate at all!! I know guys in the MMA community in East Asia(China, South Korea and Japan) who would be damn interested in this product!
@@fireeggkimpaul4758 Did ams boxing and decades of martial arts. don't see a point for the technical integration on the pads. I'd rather put my own combinations together. I like the pad tree and want one of those, but don't see the need for the technology attached. This is more for a beginner to boxing/kickboxing/martial arts. And what beginner would buy something with such a hefty price tag that only has one application? Limited scalability on this item, and I love things like this.
Yes, I totally agree! Shark Tank's been around for more than decade. Just as some (criminal) lawyers make their clients go through a trial-rehearsal, they need to do a mock presentation and let actors play the part of each shark!!
This game would be boring. For $300 you can buy an oculus with a large select of workout programs and games. The thrill of the fight blows this away and its an excellent workout.
Why was this guy even on the show? You could tell as soon as Mark heard the sales price of the unit that is was over. Plus he spent 90% of the time nodding along like "Yep I know how I screwed I am, I agree with you"
Absolutely hate how insensitive some sharks (DAYMOND) are especially when a vulnerable entrepreneur isnt doing so well, goddamn it this is this person’s life. Give it to them real but leave the sarcasm and narcissistic remarks to urself
Even if I was in the states of America receiving all the stimulus checks and the tax returns and help from federal government and state government and economy much better than Europe, Africa and South America... I will not spend money 💰 on this...
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Checked on update:
sales increased by 450% as a result of the "Shark Tank effect", all debt was eliminated by the end of 2019, and 2023 revenue is 5 million. Good for him
and the sharks, that was a bad investment but not a bad company. Everyone wins
Thanks for the update! Glad to know that they are doing pretty well!! 😊👍 👍 👏 👏 👏
Says they delisted . NASDAQ wouldn't get near this dog dhit
Lori Greiner may have been correct in her belief that Nexersys will be able to clear the hurdle of an imbalanced balance sheet and cross the finish line to success. Only time will tell whether this up and coming company has enough steam to keep going, or if one of the big names in exercise equipment will gobble it up or squash it, as Mr.
Wonderful is so fond of saying, like a cockroach.
As the years went by, the company was able to become profitable. All debt was eliminated by the end of 2019.
They added several products including a boxing trainer and a budget priced ($295) cross fit trainer. They still sell
"industrial" versions for gyms, too. The products appeared in the Netflix series Cobra Kai. As of January, 2023, annual revenue is $5 million.
The Nexersys website reports that since appearing on Shark Tank, sales have increased by 450%, a possible result of the well-known "Shark Tank effect." The increase in sales has allowed the company to become profitable months before predicted. Many of the Convertible Subordinated Notes were converted to equity, reducing the debt load, and the company continues to service the debt via cash flow. The social media presence is strong, and Jones reports expanding sales into several international markets
Kevin is such a good sport. If any other shark was as made fun of as much as he does, they would be very petty but Mr Wonderful always laughs along people
It's easy to laugh when you've got a billion dollars.
@@jcout25mark, the billionaire, wasn’t laughing when that air freshener company had the team that beat the mavs on their product.
Mark whined and dropped out.
It’s like Daymond takes joy in seeing people admitting to being in bad situations
The guy is asking them for money
sadomasochism was just finding its footing in the investor community the year this aired
Facts are facts though. This guy will be crushed soon and there is no way of sugarcoating it for him
That’s a good skill to have as an investor
Facts
the fact that the video doesn't even allow the guy to finish his final sentence. LOL.
8:20
Because he lost complete ownership of the company while talking so they had to cut that part off
That's what I thought to😂😂😂😂
Lol. Lori started so well but savaged at the end 😂
7:00 "I wouldn't call you the wise one"
That made me laugh way too hard, I love Mark ❤
7:50 lmaooo the nice then the truth. The thump from the FX crew
When he smiled assuming Laurie was about to make him an offer made me fall tf out !!😂😂🤣🤣💀💀💀💀
You know it's edited right?
@@savagedragon79 you know nobody asked if it was or not right ? What isn’t edited these days ? Your point ?
how do u not get his point bruh @@CHAMPl982
According to the company website, they went up by 450% after the episode aired. This allowed them to become profitable months earlier than predicted. Not only were they able to reduce their debt load, but they also converted many of their Convertible Subordinated Notes to equity.
By the end of 2019, they had cleared all their debt, which is an incredible feat, seeing as how they weren’t even profitable when they were on the show.
The hit detection is so delayed on the screen😂 This is not a video game lmao
A rare episode I’ve never seen before
This was just a pure lesson in business and investing.
Not really, most businesses we see on here are bootstrapped, low debt businesses. This company is like many others in the home fitness space in that they have very high debt ratios and low solvency ratios. It’s expensive to operate and scale but it is not nearly as grim as the sharks portrayed. None of them were going to invest 2m for 10% so they played it up for drama.
@@baxoutthebox5682 Yes really. There's a lot of info about investing and business financing here.
you have some low standards
@@Vendrix86 A smart person can learn from what they see.
@@EGarrett01 yes, I learned not to invest in a company that was drowning in debt to the tune of 7.5 million. If you learned anything new in this particular episode you're not very bright.
Lori was right! Their sales went up by 450% after shark tank and they became profitable sooner! They also eliminated debt by 2019 and has an annual revenue of 5M with some new products!!
Fake bs
@@oneheadlight8000 It's not fake bs; it's true. The company had repaid its debt in 2019.
The company is out of debt more affordable products and doing great!
Did u make that up 🤔😂
@@iluvhorseys95 Google it! They had a sales increase after the show of 450%!!
@@iluvhorseys95 google it they have an increase at 450% after the show aired and are doing fantastic
@@iluvhorseys95 He is right; the company repaid its debt in 2019 and they are doing a good job.
I have one in my gym where I live. Been training some basic combos at 1 to 2 to 3 to 4 to 6 to 7 round intervals each round takes a full day to recover so I'm on week 3.
I love it as I've been a bodybuilder/powerlifter all my life with slow reason speed you can only obtain by muscle memory.
MM is a very overlooked to kick boxing that reignited me. The biggest reason keeping it real is because I train on it times at 330am, so I want have to worry about others. Every single workout I'm getting better & toughen my wrist/ankcle areas from otherwise injuries. Solid A.
That's one real-life streetfighter arcade game!!! 👍 👍 👍 😅😊
Kevin is so real and raw he should run for president one day I'm js
he's way too conservative.
He’s also way too Canadian. Ineligible to run for President of the U.S.
i miss when the show had this serious demeanor to it.
I love this entrepeneur! He wasn't fazed on his game even when Kevin was honestly, pretty harsh on him. The product was great, in my opinon - could see a huge market for it. I'm happy to see they succeeded, dispite this adversity!
Can someone pls update about this company!!!👍
We have this at my college
If I had 1/2 million to burn, I would not hesitate at all!! I know guys in the MMA community in East Asia(China, South Korea and Japan) who would be damn interested in this product!
@@tianathaddies4796For real?? Seriously??! 😃 😼 ☺ 👍 👍 👍
@@fireeggkimpaul4758 Did ams boxing and decades of martial arts. don't see a point for the technical integration on the pads. I'd rather put my own combinations together. I like the pad tree and want one of those, but don't see the need for the technology attached. This is more for a beginner to boxing/kickboxing/martial arts. And what beginner would buy something with such a hefty price tag that only has one application? Limited scalability on this item, and I love things like this.
Watching this on my lunch break
gut wrenching to watch
Can someone update. This was awful. I wouldn’t invest and I’m poor
Still running and doing well and debt free. Not sure this was a smart investment but it wasn't all doom and gloom as the sharks made it out to be.
Really? USA IS A great country.. did He get the famous PPP HELP BY PRESIDENT BIDEN? OR HOW HE SURVIVED!?
Then WHY TALK ABOUT IT
STUPID!
Then why talk about it?
Welcome to the social media 😉
I can tell I would suck playing it because I would hit the center of it which is the screen
Mark laying hands
Fix your description. He's seeking $2M for 10%, not $50K for 10%
Entrepreneur: Who wants to beat up Mr Wonderful 😂
Mr Wonderful: I have seen the future…
i wonder how elbows, knees and kicks will have an impact on that machine?!! 😅😊
The editing is terrible.
Every man and his dog seem to have the next fandangled fitness machine
''Little balance sheet issues'' 😂
Little balance sheet issues 😂
Lorie is actually gorgeous, and a beautiful smile. This is clearly an older video, because she looks different now with the botox etc
These people got to speak with consultants or something before the show who tell them to use this sort of strategy.
Yes, I totally agree! Shark Tank's been around for more than decade. Just as some (criminal) lawyers make their clients go through a trial-rehearsal, they need to do a mock presentation and let actors play the part of each shark!!
7.5 million in shareholder debt.
Im out.
* Hey if I had the cash to buy this product and the space all day I'd Love this!😊
This game would be boring. For $300 you can buy an oculus with a large select of workout programs and games. The thrill of the fight blows this away and its an excellent workout.
This is much better. Your not wearing a headset that can get you motion sickness. This workout forces you to move your body.
I think his product is better. There's major difference in seeing the npc getting beat and feeling the impact of your punches
If I were a Shark, I’d be checking the Patent on this bcs Ray Fazio has world wide Patent on his innovative invention
I will not do business with this guy
From Texas?
I am New Yorker!
Update: The company net worth as of 2023 is 4.2 million with an annual sales of 5 million.
@Vr4z1el well he's not in bankruptcy
He has 20 mil valuation back on the show?
Hate that people need to make fun at Mr. Wonderful for laughs. If someone made fun of me, I'm not giving them money lmao
What happened to this product is it still around or not
i dunno
buy a playstation vr and get creed video game
Hey Sony. Can u crank up the dramatic background music a bit louder then we can all full on lip read....sigh
This guy is a manager's nightmare, HERE at least, perhaps...... Tom Sanders, the character in "Disclosure," comes to mind.
Kevin is so wise that he got duped.
I am glad to know that the company is doing well and the sharks were wrong.
This is a take off from Ray Fazio’s (Western Australia 🇦🇺) boxing invention
Crazy
How younger they look.
Why was this guy even on the show? You could tell as soon as Mark heard the sales price of the unit that is was over. Plus he spent 90% of the time nodding along like "Yep I know how I screwed I am, I agree with you"
Another OLD EPISODE 😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢😢
Sir for 34.95 at GameStop I can buy an Xbox 360 kinect sports workout game. It probably has 300 times the R&D budget and 1millionth the cost to own
imagine being in 700K in debt and spending 2million to be in that position.
nexersys sounds like medication
Man this was hard to watch, dead man walking lol
Thanks for uploading the good entertaining season s New ones all seem the same and boring no character to it
What type of CAR is Mr.WONDERFUL buying for 7 damn Thousand Dollars??
Mark always wanted to beat kevin lol 😂😂😂❤
I can't believe it Steve T*t the guy is such a party.......Please bring him back he could take Roberts place.
Hopefully the entrepreneur knew how Lori is before she started speaking. She has a habit of doing that. Just tell the guy you’re out.
You know it bombed cos the sharks look so young and nobody uses this bollocks on a regular basis.
As someone who hits the heavy bag 1-2 times per week at my LA Fitness, I think this thing is awesome! If I wasn’t so cheap, I’d definitely buy one!
4.2 million and no making money and now we know. ZERO no Hero
This is a terrible idea, where the Quest 3 already being out and more VR with better passthrough AR on the way this idea is a flop unfortunately.
Looks inferior to a regular punching bag.
The score for her is terrible. Why would she do this to herself?
I M O U T A G A I N 👂 👁 👃 👁 👂
My Wii from 10 years ago gives the same workout with stats. This product is lame.
A.I.?
Mark to Kevin: "I wouldn't say you're WISE...." SCORCH!
Absolutely hate how insensitive some sharks (DAYMOND) are especially when a vulnerable entrepreneur isnt doing so well, goddamn it this is this person’s life. Give it to them real but leave the sarcasm and narcissistic remarks to urself
Well bugger me, they have a website in 2024 so somebody is buying this expensive gimmick!
Lori got plastic surgery on her face? Looks good. Not over the top
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No
This is an old episode
12th comment
8th
What has happend to this buisness
I don't see it's influential benefit
This is gimmick!
keeps getting worse and worse
Sorry to say he looks like a rip off guy
Even if I was in the states of America receiving all the stimulus checks and the tax returns and help from federal government and state government and economy much better than Europe, Africa and South America... I will not spend money 💰 on this...
If you make it past the 2nd round with Mike Tyson, you've got a chance