GoProto Ranks #3 in the Manufacturing Segment on Inc. Magazine\'s Annual List of America\'s Fastest Growing Private Companies
12 August 2020
SAN DIEGO, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Inc. magazine today revealed that GoProto has been ranked #3 in the Manufacturing segment, and #57 overall, on its annual Inc. 5000 list with an impressive growth rate of 5366%.
The Inc. 5000 list is a prestigious ranking of the nation’s fastest-growing private companies, representing the most successful independent businesses within the United States. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
When asked, GoProto sites the following as key contributors to their fast growth:
- An adaptive supply chain, which addresses on-demand manufacturing in today's ever-changing landscape.
- The expertise to work across all manufacturing verticals with end-to-end solutions that address quick turn, on-demand, custom manufacturing of parts from prototype through production.
- A massive customer base of blue chip and up and coming players.
- A minimally-funded, privately owned business with growth that has built on customer successes, not massive VC investment.
Jesse Lea, President of GoProto, says:
"I am proudest that we are a private business with minimal funding and we were able to build GoProto on the manufacturing success of our amazing customers and the hard work of our fantastic team members."
ABOUT Inc. and the Inc. 5000
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million 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 www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier 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. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an 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 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
GoProto specializes in quick-turn, on-demand, custom manufacturing. Offering end-to-end solutions for 3D printing / additive manufacturing, CNC machining, sheet metal, cast urethane, injection molding, and finishing. They are a rapid manufacturing company with customer service at their core. They help manufacture parts for product development customers in medical, aerospace, industrial, automotive, and many other industries. They utilize cutting edge technologies, methods, and the very best professionals to deliver 3D printed and conventionally manufactured parts fast, with world-class quality, and at a great value. GoProto’s manufacturing facilities are based in San Diego, California and Melbourne, Australia.
For more information
For questions or more information on this release, please contact Kristin Mulherin at Kristin.Mulherin@GoProto.com or 503-705-7499.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f200f83-22d9-4df2-8ac9-e58271891e85