NEW YORK, August 13, 2020 – Inc. magazine today revealed that Flip Electronics is No. 343 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. Intuit, Zappos, 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, “We are in the process of celebrating our 5th anniversary, and now getting this wonderful acknowledgment from Inc. magazine as to our growth in the tech industry makes this the cherry on top of the sundae. I would like to thank every customer, partner, client, and especially our Flip family who have made the past five years the success story it has been! Without the support 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.”
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over one million 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. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. Editor-n-Chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
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 gray 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. Flip’s focus on global trends in manufacturing makes it a leader in the electronics industry.
CONTACT: Learn more at flipelectronics.com, call 800.958.4578, or email firstname.lastname@example.org
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
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.