Tectonic Audio Labs’ Rapid Growth Results in Rank of No. 2556 on the 2019 Inc. 5000
WOODINVILLE, Wash., Sept. 4, 2019 /PRNewswire/ — Inc. magazine ranked Tectonic Audio Labs No. 2556 on its 38th annual Inc. 5000, 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 U.S. economy’s most dynamic segment—its independent small and mid-sized businesses.
Tectonic Audio Labs has seen exponential growth over the last two years by leveraging its unique bending wave transducer technology into products ranging from consumer electronics to IOT devices. Tectonic’s Balanced Mode Radiators (BMRs) are currently featured in award-winning soundbars, smart speaker applications, home electronics and telecommunications applications worldwide. The company’s Distributed Mode Loudspeakers (DMLs) provide highly intelligible sound for a wide variety of challenging acoustic venues that range from government chambers to house of worship and hotel lobbies.
Tectonic is capitalizing on the rapid shift occurring in consumer electronics as more and more products move to voice enabled applications. By providing a differentiated speaker coupled with customized audio engineering expertise, Tectonic offers a unique audio solution that provides high voice intelligibility, wide dispersion and off axis audio performance which results in a smooth, natural voice for products ranging from gaming to automotive.
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
“It’s an honor to make the Inc. 5000 list, but we’re equally excited about our future growth trajectory and the adoption of our solutions across a growing range of product verticals,” said Craig Hubbell, President and CEO. “It’s our mission to humanize the interaction between consumers and technology through voice, sound and music. We’re fortunate to be working with some of the largest technology and consumer companies on new products that will continue to improve the consumer experience.”
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.
About Tectonic Audio Labs
Tectonic Audio Labs evolves the audio landscape by producing revolutionary flat panel speaker solutions that feature bending wave technology. Through sophisticated design, manufacturing and integration, Tectonic’s innovative transducers deliver superior sound solutions that can currently be heard in everything from hotels to luxury vehicles. Learn about how Tectonic Audio Labs is raising the bar for speech intelligibility and full-range directivity at tectonicaudiolabs.com.
Tassoula Kokkoris, Tectonic Audio Labs
More about the Inc. 5000 and Inc.
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. 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. For more information, visit www.inc.com.
SOURCE Tectonic Audio Labs
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