NEW YORK, August 16, 2022 – Inc. magazine today revealed that Flip Electronics is No. 1831 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Jason Murphy, CEO of Flip, stated, “What an audacious honor to be recognized on this distinguished growth list again. Resting on our past laurels is not in our DNA. We added experienced industry talent to our organization, added industry leading suppliers, and invested in a larger 73,000 sq. ft. facility in Alpharetta, Georgia that allowed us to invest in more semiconductor inventory that is no longer produced by semiconductor manufacturers to support our global customers facing critical shortages and production line shutdowns. This strategy allowed us to continue our explosive growth trajectory. I want to thank every customer, partner, and especially our Flip family who have made the past year another success story! Without the support and trust of everyone, we wouldn’t be where we are today. I am looking forward to many more years helping our customers avoid the pain points of obsolete electronic components and providing career opportunities fueled a by positive culture for our valued team.”
Not only have the companies on the 2022 Inc. 5000 been very competitive within their markets, but this year’s list also demonstrated exceptionally resilience given unprecedented supply chain woes, labor shortages, and lingering Covid-19 challenges. For example, among the 500, the average median three-year growth rate soared to 2,144 percent. Together, those companies added more than 68,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. In addition, the top 500 companies are featured in the September issue of Inc., which will be available on August 23.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,’’ says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
About Flip Electronics
Based in Atlanta, Georgia, Flip Electronics has been an authorized distributor of obsolete semiconductor and electronic components since 2015. Flip works closely with their OEM and contract manufacturer clients and considers every aspect of the logistics and supply chain process while delivering exceptional solutions to best suit clients’ needs. These services help avoid costly shutdowns and provide customers with the confidence that they are not dealing in the grey market. With industry-leading suppliers and knowledge and supply chain management expertise, Flip assists clients in the sourcing, pricing, and delivery of all their component needs. In addition, Flip’s focus on global trends in manufacturing makes it a leader in the electronics industry.
More about Inc. and the Inc. 5000
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at https://www.inc.com/inc5000/.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit https://conference.inc.com/.