Inc.magazine 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
NEW YORK, August 19, 2022 /PRNewswire-PRWeb/ -- Inc.magazine 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 http://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.
CONTACT: Learn more at Flipelectronics.com, or call 800.958.4578, or [email protected]
Media Contact
Al Maag, Maag Commplus, 1 602.363.6038, [email protected]
SOURCE Flip Electronics
Share this article