by EyeWris, the brainchild of father-son duo Mark and Kenzo Singer, has emerged as a groundbreaking company in the eyewear industry. Known for its unique foldable reading glasses designed to be worn on the wrist, the company has captivated both consumers and investors alike. Since its inception, EyeWris has grown significantly, with its net worth now estimated to range between $1 million and $1.6 million, while generating annual revenues close to $850,000.
The Shark Tank Journey
EyeWris gained widespread recognition after its appearance on Season 14 of the popular TV show “Shark Tank.” The Singers pitched their innovative product, seeking $25,000 for a 5% equity stake, effectively valuing the company at $500,000. However, the product’s ingenuity caught the attention of all five Sharks, who collectively invested $125,000 for a 20% equity share, boosting the company’s valuation to $625,000.
Post-Shark Tank Growth and Achievements
Following its television debut, EyeWris experienced a remarkable surge in sales, significantly enhancing its financial standing. The company has also earned accolades for its innovative design, winning prestigious awards such as the Red Dot Innovative Product Award and the Good Design Award from the Chicago Athenaeum: Museum of Architecture and Design.
Current Status and Future Prospects
Today, EyeWris continues to operate successfully, with its products available exclusively through its official website. The company’s commitment to combining functionality with style has set a new standard in the eyewear industry. With growing popularity and continuous innovation, EyeWris is poised to achieve greater heights in the years to come.
EyeWris, founded by father-son duo Mark and Kenzo Singer, has made significant strides in the eyewear industry with its innovative foldable reading glasses designed to be worn on the wrist. This unique design ensures that users always have their reading glasses within reach, addressing a common inconvenience.
Product Design and Features
The glasses are constructed using high-quality materials and state-of-the-art fabrication techniques, ensuring durability and longevity. They are cycle-tested to withstand years of daily use and feature scratch and smudge-resistant lens coatings. The feather-light frames have flexible, soft-touch arms designed to gently grip the temples, providing a secure and comfortable fit.
Shark Tank Appearance and Subsequent Developments
EyeWris gained national attention during its appearance on Season 14 of “Shark Tank,” where they secured a rare five-Shark deal. The investment was expected to propel the company’s growth. citeturn0search3 However, subsequent reports indicate that the deal may not have been finalized, as EyeWris products are not listed on Lori Greiner’s website, a common platform for her “Shark Tank” investments.
Market Performance
Despite the uncertainty surrounding the “Shark Tank” deal, EyeWris has experienced substantial growth. The company reported an increase in monthly revenue from $28,000 to $77,000 following their television appearance, with annual revenues approaching $850,000.
Product Availability
EyeWris continues to expand its product line, offering various styles and colors to cater to a diverse customer base. Their products are available exclusively through their official website, ensuring customers receive authentic and high-quality eyewear.
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