Flip Electronics Ranks No. 3,006 on the 2024 Inc. 5000
Flip Electronics Ranks No. 3006 on the 2024 Inc. 5000
NEW YORK, August 15, 2024 – Inc. revealed today that Flip Electronics ranks No. 3,006 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. This marks the fifth consecutive year Flip Electronics has earned a spot on the Inc. 5000, with previous rankings at No. 842 (2023), No. 1,831 (2022), No. 1,024 (2021), and No. 343 (2020), demonstrating consistent growth with a 166% increase over the past three years. This prestigious ranking, now in its 43rd edition, is considered America’s entrepreneurial benchmark. The list ranks companies based on three years of revenue growth, with Flip Electronics standing out in a highly competitive field.
Jason Murphy, CEO of Flip Electronics, remarked, “We’re honored to be recognized by Inc. once again. This achievement is a testament to our commitment to innovation, operational excellence, and the dedication of our incredible team. Our culture, built on collaboration and forward-thinking, continues to drive our success as we provide essential solutions to combat component obsolescence and prevent counterfeit products from disrupting our clients’ supply chains.”
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 through 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. Growth rates used to determine rankings were calculated to four decimal places, and all honorees had to pass Inc.'s rigorous editorial review.
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressures, rising costs of capital, and ongoing hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate reached an impressive 2,238 percent. Collectively, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000.
About Flip Electronics
Based in Alpharetta, Georgia, Flip Electronics has been an authorized distributor of obsolete semiconductors and electronic components since 2015. Flip works closely with their OEM and contract manufacturer clients considering every aspect of the logistics and supply chain process, delivering exceptional solutions suiting clients’ needs. These services help avoid costly shutdowns and provide customers with confidence in knowing they are not dealing in the grey market. With industry-leading suppliers, 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. Learn more at Flipelectronics.com, call 800.958.4578, or email [email protected].
CONTACT:
Stefanie Lukasik
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More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.