Since last year, the company's ecommerce sales have more than doubled and clinical locations have tripled.
LA JOLLA, Calif. (PRWEB) August 19, 2020
Gateway Genomics, a leading developer of direct-to-consumer genetic tests that give families insight into their future children, announces inclusion in the Inc. 5000 2020 list of fastest growing private companies for the second year in a row. To qualify, companies must have been founded and generating revenue by March 31, 2016. Ranking in the list is determined by the percentage revenue growth from 2016 to 2019, with minimums set for each year. With 1,623% revenue growth from 2016 to 2019, Gateway Genomics ranked #296 in the list, and #22 in the Health sector.
“We’re incredibly honored by both Inc. and our customers in making this list for the second year in a row,” says Gateway Genomics CEO, Chris Jacob. “Every time, the revenue growth needed to make the list gets more difficult to achieve as companies work from a higher initial base. Even with our higher revenue in 2016, our ranking was mostly unchanged from last year, highlighting the exponential growth we’ve seen for our product.”
Gateway Genomics’ SneakPeek Early Gender DNA Test product is a fetal sex test that can be taken at just 8 weeks into pregnancy with 99.1% accuracy. The test is available in two ways: An At-Home version that can be ordered from the company’s ecommerce website, and a Clinical version that is offered in over 900 participating medical locations in four countries including the US. The two channels give moms the choice of self-administering the test from the comfort of home or visiting a clinic to have blood drawn by a phlebotomist. Both can return gender results in as little as 48 hours.
In achieving the Inc. 500|5000 list, Gateway Genomics joins notable biotech companies 10x Genomics, Prometheus Labs and Crescendo Biosciences, which were also recognized by this select group in their earlier years. The three-year average growth rate of this year’s honorees was over 500% with a median rate of 165%, and the aggregate revenue of the group was $209 billion in 2019.
“Since last year’s list, our ecommerce sales have more than doubled and our clinical locations have tripled,” continues Mr. Jacob. “This expansive growth reflects the desire of parents to know their baby’s gender as early into pregnancy as possible. It gives us added confidence in our company vision to develop and offer products that allow parents easy access to more information about their future children, to help them live healthier, better lives.
About Gateway Genomics
Gateway Genomics is a personal genomics company with the mission to develop leading-edge genetic tests that give families a new level of understanding about their future children. Since inception, more than 250,000 SneakPeek Early Gender DNA tests have been provided to help new parents bond with their babies, make plans, and connect with friends and family around them. Gateway Genomics is located in La Jolla, CA.
About Inc. Media
Founded in 1979, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success.