Nexersys appeared on Shark Tank and impressed the sharks with their cool fitness product. It’s a special workout machine that makes exercising more fun by using video games. Since being on the show, the company has been growing steadily, and you can now find their products in over 1,000 stores across the country.
The Nexersys device is like a fitness gadget that was featured on Shark Tank. It lets you punch and kick during your workout to make it more exciting. There are different levels of difficulty, so you can challenge yourself as you get stronger.
Terry Jones created this device because they wanted to offer a more intense workout than regular gyms. They aimed to give people a full-body workout and help them burn more calories.
The unique thing about the Nexersys machine is that it uses sensors to track your punches and kicks. Your progress and calorie burn are shown on a screen, which users find really motivating. It has become a popular choice for those who want a more challenging workout experience.
Nexersys Net Worth
When Nexersys appeared on Shark Tank, the company had an impressive valuation of $20 million. However, as of 2023, their net worth has declined to $5 million.
Despite the initial valuation, the company’s financial situation shifted over time. It’s essential to note that businesses can experience fluctuations in their net worth due to various factors such as market changes, business performance, and financial decisions.
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What is Nexersys?
Nexersys is part of a growing trend called exergaming, where gaming and exercise come together. You can get fitness equipment from Nexersys for your home or business gym.
Nexersys machines have large display screens and soft targets to make workouts engaging. They offer workout routines and virtual trainers to guide users through intense intervals.
NexerSys is an exercise system specifically designed for mixed martial arts (MMA) and boxing. It combines fitness intelligence with an interactive gaming platform.
People of all ages and fitness levels will love this fast, fun, and effective exercise. It’s great for both weekend warriors and professional athletes.
The Nexersys machine has motion-sensitive pads for punching and kicking, similar to a video game. Users can choose different activities and earn achievements and trophies as they progress through various fitness routines.
There are two versions of Nexersys available: one for home use, priced at $2995, and a larger one priced at $7000.
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Who is the Founder of Nexersys?
The founder of Nexersys is Terry Jones. He created the Nexersys exercise equipment to provide a complete workout that motivates users to perform at their best.
This fitness device looks like a video game and offers a 4-minute high-intensity interval training workout that can burn more fat and calories compared to traditional exercise machines.
Terry turned exercising into a fun game, using gamification to make it enjoyable, just like how games make other activities fun. Nexersys took this idea to the next level by building a gaming system around a kickboxing pad initially used in martial arts.
The Nexersys system has seven striking pads mounted on a pole, providing a variety of exercise routines displayed on a 19-inch flat-screen monitor at the top of the pole.
The exercise method used is interval training, which involves short bursts of intense exercise followed by brief periods of rest. This approach delivers better results in a shorter time than longer, less intense workouts.
You can also choose from other exercises like circuit training, competing with a friend, or challenging a Nexersys avatar. The system works like a traditional arcade game, and your performance is analyzed and recorded, allowing you to track your progress.
Nexersys is not just about having fun; it’s effective too. During trials, participants shed 20 to 40 pounds in the study’s duration. It was even used on “The Biggest Loser” season 16, and the top three finalists received their own Nexersys copies as it was so successful.
What Happened to Nexersys After Shark Tank?
Even though Nexersys didn’t strike a deal on Shark Tank, being on the show had a positive impact on their revenue. They experienced a 450% increase, as mentioned on their website after the episode aired.
Surprisingly, they started making a profit sooner than expected, and they successfully converted a significant portion of their Convertible Subordinated Notes into stock.
By the end of 2019, they managed to pay off all their debts, which was a remarkable achievement considering the time it took them to reach that point.
As of 2022, Nexersys is still going strong. They expanded their product range to include reasonably priced boxing trainers ($595) and cross-fit trainers ($295).
They even offer “industrial” versions of their machines suitable for gyms. Currently, there are four distinct models available: the N3 Elite, N3 Commercial, N3 Pro, and N3 Youth.
Although the machines are expensive, they offer a financing option for customers who prefer to make monthly payments. Membership to use their N3 machines is optional.
Customers can start using the Nexersys machines as soon as they receive them. They allow returns within the first thirty days, so users can get a refund if they change their mind (minus any restocking fees, if applicable).
In addition to machines and cross-fit trainers, Nexersys offers a wide range of exercise accessories such as dumbbells, machine guns, sit-up bars, boxing gloves, hand wraps, sports towels, and more.
Is Nexersys Still a Successful Company in the Fitness Industry?
Yes, Nexersys is still in business as of 2023. Despite not receiving any offers from the Sharks on Shark Tank, the company has been thriving and experiencing remarkable growth.
In fact, Nexersys saw a remarkable 450% increase in its business since its appearance on the show. This success demonstrates that the company’s innovative fitness products continue to resonate with customers and contribute to its ongoing success in the market.
