Key Highlights
- Joe came in asking for $800,000 for 6% of his company’s shares – FlexScreen
- Lori secured the deal by offering $400K in cash, and a $400K line for credit for 50% of the retail business.
- Now, they are well on their way to becoming one of the leading window sellers in the country. And you can read more about their product here.
Before and After Shark Tank
Before Shark Tank, FlexScreen did only $100K in sales and their life time sales hovered around $11M. However, since appearing on the shark tank season 11, they are now doing weekly sales of around $600K with lifetime sales of around $160M.
Now, they have also partnered up with an automation company; Erdman Automation and they are well on their way to build the fastest window screen line, not just in the country, but in the whole world.
As of today, the company can produce 6,000 screens daily, and they are only focused on licensing the product among the general public.
Till now, they have already made 26 contracts with the future licensees.
Current Net Worth, Valuations, and Financials
Above, I have told you all about the current performance of FlexScreen but here, I’m going to tell you what those achievements look like when they are translated into numbers.
Also if you want to Valuate your Business Or any Shark Tank Business you can use this Shark Tank Business Valuation Calculator.
So, the below explains it:
2019 (Pre-Shark Tank)
- Revenue: $5.1 million
- Profit (Est.): ~$500,000
- Company Valuation: $13.3 million (based on Shark Tank pitch)
- Employees: ~50
- Key Financial Events & Growth Milestones: Business was growing but needed capital for expansion.
2020 (Shark Tank Deal)
- Revenue: $15 million
- Profit (Est.): ~$1.5 million
- Company Valuation: ~$20 million
- Employees: ~100
- Key Financial Events & Growth Milestones: Lori Greiner invested $400K cash + $400K line of credit for 50% of retail. Revenue tripled post-appearance.
2021
- Revenue: $20 million
- Profit (Est.): ~$2.5 million
- Company Valuation: ~$30 million
- Employees: ~150
- Key Financial Events & Growth Milestones: Partnered with Harvey Windows; increased distribution to Home Depot, Lowe’s, and Menards.
2022
- Revenue: $25 million
- Profit (Est.): ~$3.5 million
- Company Valuation: ~$40 million
- Employees: ~175
- Key Financial Events & Growth Milestones: Secured exclusive retail sales deal with Saint-Gobain’s ADFORS division.
2023
- Revenue: $30 million
- Profit (Est.): ~$5 million
- Company Valuation: ~$50 million
- Employees: ~200
- Key Financial Events & Growth Milestones: Automated manufacturing with Erdman Automation Corp.; expanded licensing to window manufacturers.
2024 (Projected)
- Revenue: $50 million
- Profit (Est.): ~$8 million
- Company Valuation: ~$80 million
- Employees: ~250
- Key Financial Events & Growth Milestones: Expected expansion into new product categories and potential international markets.
2025 (Estimate)
- Revenue: $100 million
- Profit (Est.): ~$15 million
- Company Valuation: ~$150 million
- Employees: ~300
- Key Financial Events & Growth Milestones: Company aims to become a dominant player in the window screen market with ongoing innovations.
Future Estimated FlexScreen Networth
Below, I have done my calculations and you might understand how the company would perform in the years to come. So, let’s start:
2025
- Projected Revenue: $100 million
- Projected Profit: $15 million
- Estimated Valuation: $150 million
- Estimated Employees: 300
- Key Growth Factors & Financial Strategies: Increased sales from automation and expansion into new retail stores. Potential international distribution begins.
2026
- Projected Revenue: $130 million
- Projected Profit: $22 million
- Estimated Valuation: $200 million
- Estimated Employees: 400
- Key Growth Factors & Financial Strategies: Expansion into European and Canadian markets. Higher adoption of automated production reduces costs.
2027
- Projected Revenue: $175 million
- Projected Profit: $30 million
- Estimated Valuation: $275 million
- Estimated Employees: 500
- Key Growth Factors & Financial Strategies: Introduction of new smart-screen technology (e.g., UV-resistant, self-cleaning screens). Potential M&A discussions with large window manufacturers.
2028
- Projected Revenue: $225 million
- Projected Profit: $40 million
- Estimated Valuation: $350 million
- Estimated Employees: 600
- Key Growth Factors & Financial Strategies: IPO or major equity investment to fund expansion. Licensing agreements with additional manufacturers.
2029
- Projected Revenue: $275 million
- Projected Profit: $55 million
- Estimated Valuation: $450 million
- Estimated Employees: 750
- Key Growth Factors & Financial Strategies: Smart home integration partnerships (Amazon, Google, etc.). Global expansion into Asia and Latin America.
2030
- Projected Revenue: $350 million
- Projected Profit: $75 million
- Estimated Valuation: $600 million+
- Estimated Employees: 900+
- Key Growth Factors & Financial Strategies: FlexScreen becomes a leading brand in the global home improvement market, potentially moving into a billion-dollar valuation.
