As of 2024, Gameface has a net worth of $13 million USD. Gameface from Shark Tank has an annual sales revenue of $6 Million.
The company has featured in Season 4 Episode 12 of Shark Tank USA. Founded by Doug Marshall, Gameface received investment from Mark Cuban and Lori Greiner.
Gameface Net Worth
| Net Worth | $13 Million |
| Sales Revenue | $6 Million |
| Profits | $1 Million |
| Lifetime Sales | $90 Million |
| Lifetime Profits | $22 Million |
| Verdict | Good Investment |
Revenues
When Doug Marshall pitched his company on Shark Tank, Gameface was making annual sales of $100k. Things have changed for the better since then for Gameface with the help of Mark and Lori.
Lori Greiner has helped the company get many licenses and Mark Cuban has made sure that Gameface has a presence at many NBA games.
Through extensive support from Lori and Mark, Gameface has reached $1 million in sales revenues within 12 months of airing the episode.
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Since then, the company has seen tremendous growth in sales year-on-year. By 2020, the company’s annual sales have crossed $10 Million.
Due to Covid and the closure of sporting events, Gameface took a big hit for a couple of years and is yet to recover from the shock losses.
Currently, Gameface is earning $6 million in annual sales and is expected to grow in the coming years.
Profits for Investors
From their $450,000 investment in Gameface, Lori, and Mark have earned back their investment through their 10% royalty deal.
In addition to that, both investors have also earned $2 million each through the company’s profits. For Lori, this is one of her best investments after Squatty Potty.
Doug Marshall, the company’s founder, made a smart choice in refusing to sell the business to Mark. Doug Marshall has been receiving a consistent income of $80,000 per year since the show aired.
Doug still owns 65% of the company and therefore was able to earn $4 million in dividends from profits generated by Gameface.