Glovestix Shark Tank Net Worth (Before and After Shark Tank)

Glovestix, a deodorizer for gloves, was started by Krista Woods in 2015. As of September 2023, Glovestix’s net worth is $4.5 million, with an estimated annual revenue of $3.7 million. In 2017, Glovestix appeared on Season 9 of Shark Tank and made a deal with Lori Greiner and Alex Rodriguez for $150,000 for 17.5% of equity. However, the final valuation of Glovestix after the Shark Tank deal was $857,100, which was lower than the founder’s initial estimate of $1.5 million. Despite this, Glovestix is still in business as of September 2023, with products available for purchase on their website, Amazon, and selected retailers.

Key Takeaways:

• Glovestix’s net worth is $4.5 million as of September 2023.
• The estimated annual revenue of Glovestix is $3.7 million.
• Glovestix appeared on Season 9 of Shark Tank in 2017 and made a deal with Lori Greiner and Alex Rodriguez.
• The final valuation of Glovestix after the Shark Tank deal was $857,100.
• Glovestix is still in business and their products are available for purchase on their website, Amazon, and selected retailers.

Glovestix Net Worth Timeline

Tracking the net worth of Glovestix over the years provides valuable insights into the company’s financial growth and success. Here is a breakdown of Glovestix’s net worth timeline:

Net Worth 2023: $4.5 million

In 2023, Glovestix’s net worth stands at an impressive $4.5 million. This significant increase reflects the continued growth and profitability of the company in the sports equipment industry.

Net Worth 2022: $4.5 million

In the previous year, Glovestix maintained a net worth of $4.5 million, showcasing its stability and consistent performance in the market. This indicates the company’s ability to sustain its financial position and generate steady revenue.

Net Worth 2021: $3 million

In 2021, Glovestix’s net worth was recorded at $3 million. Although a slight decrease from the previous year, this figure still demonstrates the company’s resilience and ability to navigate challenging market conditions.

Net Worth 2020: No data available

Unfortunately, there is no available data for Glovestix’s net worth in 2020. This could be due to various reasons, such as the unavailability of financial reports or the company’s focus on internal operations and expansion.

Year	Net Worth (in millions)
2023	$4.5
2022	$4.5
2021	$3

The table above provides a visual representation of Glovestix’s net worth timeline, highlighting the company’s growth and financial standing over the years. While the net worth figures depict the company’s valuation at specific points in time, it is important to consider the broader context of Glovestix’s success, such as its revenue and market influence.

Glovestix Pitch on Shark Tank

In 2017, Glovestix had the opportunity to pitch their innovative product on Season 9 Episode 9 of Shark Tank. Founder Krista Woods presented Glovestix, which is a deodorizer specifically designed for gloves. The product aims to eliminate odors and bacteria commonly found in sports gloves, making them fresh and ready to use.

During the pitch, Krista requested $150,000 in exchange for 10% equity in the company. However, it was Lori Greiner and former professional baseball player Alex Rodriguez who saw the potential in Glovestix and made the winning offer. They offered $150,000 for a larger equity stake of 17.5%, valuing the business at $857,100.

The Glovestix episode aired in 2017 and gave the company a significant boost in visibility and credibility. The deal with Lori Greiner and Alex Rodriguez not only provided financial support but also the expertise and connections necessary to scale the business. Since then, Glovestix has continued to grow and expand its presence in the sports equipment industry.

H3: Glovestix Pitch Details
Episode	Season 9 Episode 9
Presenter	Krista Woods
Product	Glovestix (Deodorizer for gloves)
Ask	$150,000 for 10% equity
Deal	Lori Greiner and Alex Rodriguez offered $150,000 for 17.5% equity
Valuation	$857,100

The participation of Glovestix on Shark Tank not only secured valuable investment but also brought the company’s innovative product to a wider audience. With the support of Lori Greiner and Alex Rodriguez, Glovestix has been able to enhance its presence in the market and continue its mission of providing effective and convenient solutions for athletes and sports enthusiasts.

Glovestix Founder and Key Accomplishments

Let me tell you about Krista Woods, the brilliant mind behind Glovestix. As the founder of the company, Krista has played a pivotal role in its phenomenal success and growth. Her hard work and determination have propelled Glovestix to become a well-known and respected brand in the sports equipment industry.

Since its establishment in 2015, Glovestix has been revolutionizing the way athletes and sports enthusiasts approach glove odor. With Krista at the helm, the company has garnered a net worth of $4.5 million as of 2023, a testament to her exceptional leadership and strategic vision.

One of the key accomplishments that put Glovestix on the map was its appearance on Shark Tank Season 9. Krista fearlessly pitched the innovative deodorizer for gloves to the panel of high-profile investors. This momentous opportunity led to a game-changing deal with Lori Greiner and Alex Rodriguez. They offered $150,000 for 17.5% equity, solidifying both the financial and strategic support Glovestix needed to soar to greater heights.

Krista Woods embodies the spirit of entrepreneurship and has proven herself as an influential force in the industry. Her dedication to providing athletes with an effective solution for glove odor has not only brought her financial success but also admiration and respect from customers and competitors alike. As Glovestix continues to thrive, Krista’s exceptional leadership and unwavering commitment to excellence will undoubtedly fuel the company’s future accomplishments.