Denver Business Journal Names SparkFun Second-Fastest Growing Company in Denver Among Companies With $17.5 - $46 Million in Revenue Company's Focus on Innovation, Workplace Culture and Passion for Enabling People to Create Electronics Contributes to its Fast-paced Growth
BOULDER, Colo., Aug. 8, 2012 /PRNewswire/ -- SparkFun Electronics (www.sparkfun.com), a provider of parts, knowledge and passion for electronics creation, today announced it was selected by the Denver Business Journal as the second-fastest growing company among businesses in the Denver area in the Flight II category – businesses with revenues between $17.5 and $46 million (http://www.bizjournals.com/denver/news/2012/07/26/denver-business-journal-names.html).
According to the Denver Business Journal, companies were ranked based on the percentage growth of revenues for fiscal years 2009, 2010 and 2011. Each company had to report a minimum of nine months of operations in the base year of 2009. One hundred companies were included on the Top Private Companies List, and hundreds more competed, making achieving the second-fastest growth rate in the Flight II category a significant honor for SparkFun.
"We are very proud to achieve this recognition," said AnnDrea Boe, SparkFun director of marketing communications. "It is a testament not only to the hard work of our employees, but to the tenacity and continued inventiveness of our customers. We are proud to be a representative of the growing DIY community and are honored to be amongst so many great and successful companies in the Denver area."
Boe says that SparkFun has grown consistently since its founding in 2003 and continues to be profitable. The company currently has more than 140 employees, revenues of more than $25 million and posted 128 percent revenue growth from 2009 to 2011.
About SparkFun Electronics
Founded in 2003, SparkFun shares its passion by providing parts, knowledge, and innovation for those looking to explore the world of embedded electronics. It helps anyone discover their inner inventor and enables individuals to create their own electronics projects.
SparkFun currently offers more than 1,800 products, ranging from simple components, like capacitors and resistors, to GPS units and Bluetooth modules. The company employs more than 140 people and is based in Boulder, Colorado.
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SOURCE SparkFun Electronics