TripleLite offers a revolutionary 180-degree flashlight beam, providing enhanced visibility and safety for all your outdoor and indoor needs.
Innovative solutions often come from recognizing everyday problems, which is precisely what Ronnie and Nancy Pritchett did when they created TripleLite. This flashlight offers a broad, 180-degree beam to illuminate a much larger area than traditional flashlights. A personal experience spurred their journey to Shark Tank: Ronnie almost tripped while walking down the stairs in his backyard due to the limited illumination provided by his regular flashlight. This sparked an idea that would lead to the creation of TripleLite — a patented flashlight designed to shine a wide beam for enhanced safety and visibility.
Quick Overview of TripleLite’s Journey After Shark Tank
Ronnie and Nancy Pritchett entered Shark Tank Season 16, seeking a $400,000 investment for 10% equity in their 180-degree flashlight, TripleLite. After delivering a compelling pitch, they received several offers and ultimately accepted a deal with Mark Cuban and Lori Greiner for $400,000 in exchange for 25% equity in the company.
Following the show’s airing, TripleLite experienced a significant boost in sales and successfully expanded its presence in retail stores, online marketplaces, and TV segments.
| Shark | Offer |
| Mark Cuban and Lori Greiner | $400,000 for 25% equity |
| Kevin O’Leary | $400,000 for 49% equity |
| Daniel Lubetzky & Robert Herjavec | $400,000 for 20% equity |
Key Takeaways:
- TripleLite 180 is an innovative flashlight featuring a wide 180-degree beam, providing broader illumination for enhanced visibility and safety.
- Created by Ronnie and Nancy Pritchett, the flashlight was designed to solve the problem of limited light from traditional flashlights.
- The product was pitched on Shark Tank Season 16, receiving a deal from Mark Cuban and Lori Greiner for $400,000 for 25% equity.
- After its appearance, TripleLite expanded into major retailers like ACE Hardware, The Home Depot, and Walmart, increasing its market reach significantly.
- Five utility patents and a design patent protect the flashlight, ensuring its unique position in the market.
- The company’s product lineup now includes rechargeable flashlights, headlamps, and keychain lights, catering to diverse customer needs.
TripleLite 180º Networth in 2024
As of 2024, the net worth of TripleLite 180º is not publicly available, and the company has not disclosed an exact valuation. However, after its appearance on Shark Tank, TripleLite has significantly expanded its presence in major retail stores like ACE Hardware, The Home Depot, and Walmart, along with a growing online presence. Given these advancements and their projected sales of over $1.5 million in 2020, it’s likely that the company’s valuation has increased, especially with the continued backing of Mark Cuban and Lori Greiner.
TripleLite 180º Networth in 2025
As of 2025, the exact net worth of TripleLite 180º is not publicly disclosed. However, considering the company’s substantial growth since its appearance on Shark Tank, including expansion into major retail stores like ACE Hardware, The Home Depot, and Walmart, as well as increased product offerings like rechargeable flashlights, headlamps, and keychain lights, it’s likely that TripleLite 180º has experienced significant growth in both revenue and market presence.
Given the projected sales of $1.5 million in 2020 and the continuous support from Mark Cuban and Lori Greiner, it is reasonable to estimate that the company’s valuation in 2025 could be in the multi-million-dollar range, potentially approaching $10 million or more, depending on their sales performance, retail partnerships, and global expansion efforts.
TripleLite’s Journey Before Shark Tank
Standing out is no small feat in the competitive world of flashlights and lighting solutions. TripleLite achieved this distinction with its breakthrough technology that allows the flashlight to cast a wide 180-degree beam of light, making it more useful for everyday tasks and safety, especially outdoors or in emergencies.
The company, co-founded by Ronnie and Nancy Pritchett, had already experienced some success before appearing on Shark Tank. The flashlight is protected by five utility patents and a design patent covering 27 countries, ensuring the brand’s innovative technology is unique and exclusive. Despite their challenges, including financial difficulties and an investor dispute, the business saw significant revenue growth in the years leading up to their pitch.
- 2014: TripleLite officially launched and saw early sales of $100,000 in the first year.
- 2015: The company grew its sales to $310,000.
- 2020 and Beyond: Sales began to skyrocket, culminating in a projected $1.5 million in sales in the year of their Shark Tank appearance, with a healthy profit margin.
The TripleLite Pitch on Shark Tank
When Ronnie and Nancy Pritchett entered the Shark Tank arena, they sought $400,000 for 10% equity in their growing flashlight company. Their pitch was well-received by the Sharks, who were particularly impressed with the unique concept of the TripleLite flashlight, which used a patented technology to provide 180-degree wide-beam illumination. This innovation directly addressed the limitations of traditional flashlights, which often only illuminate a small area, leaving users vulnerable to accidents or missing critical details in their surroundings.
The duo opened their pitch with a demonstration, showcasing the glaring contrast between TripleLite’s expansive 180-degree beam and the narrow beam of a standard flashlight. The large beam was not only more functional but also more efficient in terms of visibility. They emphasized the versatility of the TripleLite flashlight as it could be used indoors and outdoors, making it the perfect tool for a wide range of users, from homeowners to emergency responders.
TripleLite’s Key Features
- Wide 180-degree beam: Unlike traditional flashlights, which focus on a small area, TripleLite casts a wide, 180-degree beam, ensuring users have clear visibility over a larger area. This design is ideal for camping, hiking, or working around the house at night.
- Bright LED lights: The flashlight uses three LED bulbs, which provide enhanced brightness and energy efficiency. These bulbs illuminate 160 feet, making them suitable for close-up tasks and longer-range visibility.
- Patented Technology: The flashlight is protected by five utility patents and a design patent, giving the brand exclusive rights to its technology across 27 countries.
- Durable and lightweight: The flashlight is built with aluminium alloy and is designed to be sturdy and lightweight, making it easy to carry and use in various conditions.
- Rechargeable options: Some TripleLite flashlight models, like the TL1000, are rechargeable, reducing the need for frequent battery replacements and making them eco-friendly.
Financial Insights & Market Appeal
During their pitch, Ronnie and Nancy revealed their manufacturing costs and projected sales figures, helping the Sharks evaluate TripleLite’s potential profitability. The flashlight costs approximately $6.50 to manufacture, wholesales for $15, and retails for $29.95. The business model appeared robust, with TripleLite generating $1.5 million in projected sales and a $318,000 profit in the year leading up to their appearance on Shark Tank.
They shared the story of how, despite having no formal inventing background, they developed and marketed the flashlight successfully. Ronnie, a golf professional, relied heavily on Nancy, who stepped up to run the business operations, including marketing, production, and sales. The couple’s dedication to TripleLite’s success helped propel the brand to new heights, even amidst challenges like a failed partnership with an investor and a lawsuit that nearly cost them control of their company in 2018.
The Offers & The Deal
As expected, TripleLite’s pitch caught the Sharks’ attention, but there were some differences in how they valued the company.
- Kevin O’Leary offered $400,000 for 49% equity, emphasizing that his experience and connections could help them dominate the retail space.
- Daniel Lubetzky proposed $400,000 for 25% equity, focusing on the brand’s global scalability and offering guidance on expanding the business internationally.
- Mark Cuban and Lori Greiner teamed up to offer $400,000 for 25% equity, promising to help the company grow through their combined expertise in retail distribution and licensing.
Despite receiving these varied offers, Ronnie and Nancy ultimately decided to partner with Mark Cuban and Lori Greiner. They believed the duo’s expertise in scaling consumer products would be the most beneficial for TripleLite’s long-term growth.
Post-Shark Tank Success
Since appearing on Shark Tank, TripleLite has seen remarkable growth. Thanks to the investment and support from Mark Cuban and Lori Greiner, the company successfully expanded into major retail chains, including ACE Hardware, The Home Depot, and Walmart, making the flashlight accessible to a larger audience.
Moreover, the brand has continued to innovate, launching new products such as:
- TL1000 Aluminum Rechargeable Flashlight: A high-performance, rechargeable version of the original TripleLite flashlight.
- HL530 LED Headlamp: A versatile headlamp for hands-free lighting in activities such as camping, hiking, and working in dark spaces.
- TL050 Keychain Light: A compact and portable flashlight ideal for everyday carry.
The brand’s presence also grew significantly online as TripleLite became available on Amazon and the company’s website, further increasing its accessibility to customers worldwide.
Challenges and Expansion Goals
Despite TripleLite’s success, the company has faced challenges competing with established flashlight brands. The flashlight market is saturated, with many companies offering similar products at lower prices. However, TripleLite’s unique 180-degree beam technology and durable design set it apart, delivering superior value for customers looking for reliable and practical lighting solutions.
TripleLite plans to expand its product range further in the coming years, potentially introducing new flashlight variants and lighting solutions for different use cases. Additionally, the brand may look to enter international markets, leveraging Mark Cuban and Lori Greiner’s global networks to enhance the company’s reach.
Looking Ahead for TripleLite
As TripleLite continues to grow, it stands out as a shining example of entrepreneurial spirit and innovation. With its wide-beam design, commitment to quality, and strong retail presence, TripleLite has proven that a truly unique idea can make a significant impact even in a competitive market.
The Shark Tank appearance was just the beginning for TripleLite. With the backing of industry veterans like Mark Cuban and Lori Greiner, it’s safe to say that the future looks bright for this innovative flashlight brand. Whether you’re an outdoor enthusiast, a homeowner, or someone in need of reliable lighting for everyday tasks, TripleLite offers a solution that illuminates your path—literally and figuratively.
Conclusion
In conclusion, TripleLite represents more than just a flashlight — it’s a story of perseverance, creativity, and the power of innovation to solve real-world problems. The Pritchetts’ journey from a backyard observation to a Shark Tank deal and successful retail expansion is a testament to the potential that exists when passion meets opportunity. With Mark Cuban and Lori Greiner’s mentorship, TripleLite is poised for even greater success in the years to come. As the market for practical and innovative lighting solutions continues to grow, TripleLite will remain a key player, lighting the way for customers everywhere.
For the latest updates from Shark Tank Season 16, Episode 8, explore the links below:
Before you go, make sure to check out our list of all the Shark Tank Season 16 products.
