Nexersys spent more than 15 years developing interactive boxing equipment, but the company quietly closed in early 2026.
The company sold boxing machines costing thousands of dollars, combining traditional workouts with video game-style training. Its equipment was used by home fitness enthusiasts and commercial gyms, but the official website now displays a closure notice.
Why Did Nexersys Close?
Nexersys hasn’t publicly explained its decision to close. Its website confirms that operations have ended, thanking customers and business partners while providing an email address for outstanding inquiries.
The exact closure date is unknown. Archived records show the business was still advertising products on January 19, 2026. By February 8, the online store had been replaced by the closure announcement.
Customer complaints had emerged before the shutdown. In July 2025, a customer posted a Trustpilot review claiming they had repeatedly contacted Nexersys about a faulty machine without getting a response.
Another customer reported losing connectivity after changing their internet router in November 2025, with multiple attempts to contact support going unanswered. Only three reviews were available on Trustpilot, so it’s unclear how widespread these problems were. The company’s financial performance during its final years also remains unknown.
The Problem With Owning a $6,000 Boxing Machine
Nexersys’ closure leaves customers with questions about replacement parts, warranty repairs and software support.
Unlike conventional punching bags, its machines used electronic sensors, touchscreen displays and software to guide workouts and track performance. The N3 Elite featured three strike pads and a library of boxing exercises, while commercial models offered additional training options.
These were expensive products. The company’s final online store listed the N3 Elite at $1,995 and the N3 Commercial at $5,995. Replacement components may now be difficult to obtain, particularly for proprietary electronics.
The company’s mobile applications are another concern. Both the Nexersys companion app and Cross Body Trainer app remain listed on Apple’s App Store, but neither has received an update since January 2021.
Workouts stored directly on N3 consoles may continue functioning, although the future of connected features is uncertain. The Cross Body Trainer relies more heavily on its mobile application and Bluetooth sensor.
Software problems had already attracted complaints before the closure. In March 2025, a customer filed a Better Business Bureau complaint after purchasing an N3 Elite for $1,851.
The customer claimed a required tablet update wouldn’t install, preventing them from using the machine properly. Nexersys reportedly promised a replacement tablet, but it hadn’t arrived after several weeks of follow-up attempts.
The complaint was marked unanswered, highlighting the difficulties customers could face without manufacturer support.
Nexersys Had Already Survived a Foreclosure
Nexersys’ financial difficulties began long before its final closure. Founder Terry Jones launched the company in Austin, Texas, in 2010, developing interactive boxing machines that combined exercise with arcade-style gaming.
The technology attracted attention, but manufacturing expensive fitness equipment required substantial investment.
During its Shark Tank appearance, Jones disclosed $7 million in shareholder debt, despite generating $4.2 million in sales over 18 months. The Sharks were concerned about the company’s financial position, particularly the possibility that creditors could eventually take control.
Those concerns weren’t unfounded. According to a 2020 SEC filing, a secured lender foreclosed on the original company’s assets in August 2017.
A newly formed company, XFit, acquired those assets the following month, including its equipment and intellectual property. Jones remained involved as CEO, allowing the Nexersys brand to continue operating.
Revenue Increased, but So Did Losses
Although XFit eventually eliminated its conventional loans, their finances remained under pressure. SEC filings show revenue increased from $753,138 in 2018 to $932,162 in 2019. However, its annual net loss grew from $193,440 to $578,781.
Marketing expenses were a major factor, rising 141% to $437,033, while revenue increased just 24%. General and administrative expenses also exceeded $621,000.
By the end of 2019, XFit reported $972,000 in liabilities against $677,000 in assets. Much of the money owed related to an affiliated business, JPaulJones, which helped finance inventory and operations.
Management acknowledged uncertainty about the company’s ability to continue operating without additional funding. Nexersys survived for several more years, introducing products such as the lower-priced Cross Body Trainer and pursuing subscription-based workouts.
In its 2019 fundraising materials, XFit reported selling more than 4,700 Nexersys machines and 4,600 Cross Body Trainers since their respective launches. However, little financial information is available from its later years. The 2019 losses show the challenges facing the business at that time, but don’t establish what caused its eventual closure in 2026.
Shark Tank Pitch Details
Terry Jones appeared on Shark Tank Season 5 in January, 2014, seeking $2 million for 10% equity, valuing Nexersys at $20 million.
He demonstrated the interactive boxing equipment alongside Olympic boxer Marlen Esparza, showing how its sensors and computer-guided workouts operated. Although the Sharks recognised the technology’s potential, the company’s substantial debt and high valuation discouraged investment. Jones left without a deal.
The appearance reportedly increased sales by 450%, but the business later went through foreclosure and continued under new ownership before closing in early 2026.
