Guerrilla RF Ranks # 489 out of 2021 Inc. 5000 with 3-Year Revenue Growth of 990%
GREENSBORO, North Carolina, October 18, 2021– (BUSINESS WIRE) –Inc. The magazine revealed that Guerrilla RF is No. 489 on its annual Inc. 5000 list, the country’s most prestigious ranking of the fastest growing private companies. The list represents a unique look at the most successful companies in the most dynamic segment of the American economy: its small independent businesses. Intuit, Zappos, Under Armor, Microsoft, Patagonia and many other well-known names got their first national exposure as winners on the Inc. 5000.
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Guerrilla RF was named to Inc. Magazine’s Top 500 for the second year in a row, earning recognition as one of America’s fastest growing private companies (Photo: Business Wire)
Ryan Pratt, Founder and CEO of Guerrilla RF, presented the following take on how the company was able to reach this prestigious milestone. “Despite the disruption caused by COVID, GRF has continued to thrive with a dramatic increase in sales in 2020. Our business has grown 990% over the past three years, and we continue to gain market share in critical markets like wireless infrastructure, cellular repeaters / amplifiers, and automotive telematics. I am extremely proud of how we were able to perform during the pandemic; our impressive growth is a direct reflection of the tireless contributions of our engineering, operations and sales teams. “
Not only have the 2021 Inc. 5000 companies been very competitive in their markets, but this year’s list has also proven to be particularly resilient and flexible given the unprecedented challenges of 2020. Among the 5,000, the growth rate three-year median climbed to 543% and median revenue reached $ 11.1 million. Together, these companies have created more than 610,000 jobs over the past three years.
The full results of Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, are available at www.inc.com/inc5000. The 500 largest companies are featured in the September issue of Inc., which is available now at newsstands.
“The 2021 Inc. 5000 list appears to be one of the most important business lists ever compiled,” says Scott Omelianuk, Editor-in-Chief of Inc. It is simply incredible to build one in the crisis we have been through. That kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of many people. “
About Guerrilla RF
Guerrilla RF provides high performance monolithic microwave integrated circuits (MMICs) to wireless OEMs in several market segments – including 5G / 4G macro and small cell base stations, cellular / DAS repeaters, automotive telematics such as SDARS / V2X / GPS / DAB, mission-critical military communications, high-fidelity wireless navigation and audio. For more information, please visit https://guerrilla-rf.com/inc500 or follow the company on LinkedIn.
This press release contains certain forward-looking statements concerning the financial condition, results of operations and business of Guerrilla RF, Inc. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of Guerrilla RF and on the information available to management at the time these statements were prepared. These statements can be identified by the use of words such as “expect”, “anticipate”, “estimate” and “believe”, variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements, as a number of important factors could cause actual results to differ materially from those of forward-looking statements. Guerrilla RF does not undertake to update any forward-looking statements.
More about Inc. and the Inc. 5000
Companies in the 2021 Inc. 5000 ranking are ranked according to the percentage of revenue growth from 2017 to 2020. To be eligible, companies must have been founded and generate income no later than March 31, 2017. They must be based in United States, private, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2020. (Since then, some on the list may have gone public or acquired.) Minimum income requirement for 2017 is $ 100,000; the minimum for 2020 is $ 2 million. As always, Inc. reserves the right to refuse applicants for subjective reasons. The growth rates used to determine the ranking of businesses were calculated to three decimal places. There was a tie on the Inc. 5000 of this year. Companies on the Inc. 500 are presented in Inc.the September issue. They represent the upper level 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. gives entrepreneurs the knowledge, tools, connections and community to build great businesses. Its award-winning cross-platform content reaches over 50 million people each month through a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the fastest growing private companies in the United States. The global recognition that comes with inclusion in the 5,000 gives founders of the best companies the 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 Vision Conference is part of a highly regarded portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision conference, visit http://conference.inc.com/.
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Jim Ahne, Vice President of Marketing