|
Current Employees | Base Year Revenue | Base Year | Current Year Revenue | Current Year | Growth Period | Revenue Growth % | ||
| 1 | Applied Research Associates, Inc 4300 San Mateo Blvd. NE, Suite A-220 | 1,215 | $149,285,000 | 9/30/2005 | $213,212,000 | 9/30/2009 | 4 | 43% | |
| 2 | Emcore Corporation 10420 Research Rd. SE | 695 | $126,000,000 | 12/31/2005 | $165,000,000 | 12/31/2009 | 4 | 31% | |
| 3 | CVI Melles Griot 200 Dorado Place SE | 903 | $42,563,000 | 12/31/2005 | $146,568,000 | 12/31/2009 | 4 | 244% | |
| 4 | Commercial Data Systems 4828 Hardware Dr. NE | 90 | $60,000,000 | 3/31/2005 | $87,000,000 | 3/31/2009 | 4 | 45% | |
| 5 | Lovelace Respiratory Research Institute 2425 Ridgecrest Dr. SE | 600 | $35,494,500 | 9/30/2005 | $74,096,900 | 9/30/2009 | 4 | 109% | |
| 6 | Ktech Corporation 1300 Eubank Blvd. SE | 399 | $62,500,000 | 12/31/2005 | $57,140,000 | 12/31/2009 | 4 | -9% | |
| 7 | L & M Technologies, Inc. 4209 Balloon Park Rd. NE | 483 | $24,197,064 | 12/31/2005 | $52,249,388 | 12/31/2009 | 4 | 116% | |
| 8 | Delta Group Electronics, Inc. 4801 Lincoln Rd. NE | 67 | $29,423,000 | 12/31/2005 | $45,470,000 | 12/31/2009 | 4 | 55% | |
| 9 | Abba Technologies, Inc. 1501 San Pedro Dr. NE | 36 | $46,046,202 | 12/31/2005 | $40,219,401 | 12/31/2009 | 4 | -13% | |
| 10 | Applied Technology Associates 1300 Britt SE | 200 | $10,617,000 | 9/30/2005 | $40,119,000 | 9/30/2009 | 4 | 278% | |
| HIGHEST REVENUE GROWTH IN DOLLARS - ALL COMPANIES | |||||||||
| 1 | CVI Melles Griot 200 Dorado Place SE | 903 | $42,563,000 | 12/31/2005 | $146,568,000 | 12/31/2009 | 4 | 244% | |
| HIGHEST PERCENTAGE REVENUE GROWTH - ALL COMPANIES | |||||||||
| 1 | Aspen Avionics, Inc. 5001 Indian School Road NE | 60 | $4,766 | 12/31/2005 | $9,884,897 | 12/31/2009 | 4 | 207,304% | |
| TOP GROWTH FOR REVENUES > $10 million | |||||||||
| 1 | Applied Technology Associates 1300 Britt SE | 200 | $10,617,000 | 9/30/2005 | $40,119,000 | 9/30/2009 | 4 | 278% | |
| 2 | CVI Melles Griot 200 Dorado Place SE | 903 | $42,563,000 | 12/31/2005 | $146,568,000 | 12/31/2009 | 4 | 244% | |
| 3 | L & M Technologies, Inc. 4209 Balloon Park Rd. NE | 483 | $24,197,064 | 12/31/2005 | $52,249,388 | 12/31/2009 | 4 | 116% | |
| 4 | Lovelace Respiratory Research Institute 2425 Ridgecrest Dr. SE | 600 | $35,494,500 | 9/30/2005 | $74,096,900 | 9/30/2009 | 4 | 109% | |
| 5 | Affordable Solar Group LLC 2501 Yale Blvd. SE #104 | 25 | $7,403,498 | 12/31/2005 | $14,228,180 | 12/31/2009 | 4 | 92% | |
| 6 | Digital Traffic Systems, Inc. (DTS) 8401-A Jefferson NE | 90 | $8,036,000 | 12/31/2005 | $15,000,000 | 12/31/2009 | 4 | 87% | |
| 7 | Delta Group Electronics, Inc. 4801 Lincoln Rd. NE | 67 | $29,423,000 | 12/31/2005 | $45,470,000 | 12/31/2009 | 4 | 55% | |
| 8 | Technology Management Company, Inc. 2500 Louisiana Blvd. NE, Suite 300 | 350 | $22,680,000 | 12/31/2005 | $33,245,000 | 12/31/2009 | 4 | 47% | |
| 9 | Commercial Data Systems 4828 Hardware Dr. NE | 90 | $60,000,000 | 3/31/2005 | $87,000,000 | 3/31/2009 | 4 | 45% | |
| 10 | Applied Research Associates, Inc 4300 San Mateo Blvd. NE, Suite A-220 | 1,215 | $149,285,000 | 9/30/2005 | $213,212,000 | 9/30/2009 | 4 | 43% | |
| 11 | Emcore Corporation 10420 Research Rd. SE | 695 | $126,000,000 | 12/31/2005 | $165,000,000 | 12/31/2009 | 4 | 31% | |
| 12 | TMC Design Corporation 4325 Del Rey Blvd., Las Cruces | 78 | $13,280,353 | 9/30/2005 | $16,960,942 | 9/30/2009 | 4 | 28% | |
| 13 | Holman’s, Inc. 6201 Jefferson St. NE | 44 | $31,071,000 | 12/31/2005 | $39,367,000 | 12/31/2009 | 4 | 27% | |
| 14 | Daniel B. Stephens & Associates, Inc. 6020 Academy NE, Suite 100 | 100 | $13,733,000 | 12/31/2005 | $16,697,868 | 12/31/2009 | 4 | 22% | |
| TOP GROWTH FOR REVENUES < $10 million | |||||||||
| 1 | Aspen Avionics, Inc. 5001 Indian School Road NE | 60 | $4,766 | 12/31/2005 | $9,884,897 | 12/31/2009 | 4 | 207,304% | |
| 2 | Enerpulse, Inc. 2451 Alamo Ave. SE | 25 | $20,000 | 12/31/2005 | $860,000 | 12/31/2009 | 4 | 4200% | |
| 3 | Ardham Technologies, Inc. 116 Central SW, Suite 300 | 14 | $162,696 | 12/31/2005 | $4,750,024 | 12/31/2009 | 4 | 2820% | |
| 4 | Source Technologies, LLC 320 Gold Ave. SW, Suite 500 | 15 | $200,000 | 12/31/2005 | $2,030,000 | 12/31/2009 | 4 | 915% | |
| 5 | Sacred Power Corporation 1501 12th Street NW | 35 | $1,024,091 | 12/31/2005 | $6,081,491 | 12/31/2009 | 4 | 494% | |
| 6 | Vista Photonics, Inc. 3 North Chamisa Dr, Suite 1, Santa Fe | 10 | $359,667 | 12/31/2005 | $2,116,833 | 12/31/2009 | 4 | 489% | |
| 7 | Speridian Technologies, LLC 2021 Girard Blvd. SE | 50 | $2,200,000 | 12/31/2005 | $8,000,000 | 12/31/2009 | 4 | 264% | |
| 8 | Senspex Incorporated 9798 Coors Blvd. NW, Bldg. B | 42 | $1,702,900 | 12/31/2005 | $5,786,300 | 12/31/2009 | 4 | 240% | |
| 9 | Entereza, Inc. 2501 Yale Bvld. SE, Suite 200 | 20 | $784,336 | 12/31/2005 | $2,570,160 | 12/31/2009 | 4 | 228% | |
| 10 | MZA Associates Corporation 2021 Girard SE Suite 150 | 49 | $3,410,000 | 10/31/2005 | $9,890,000 | 10/31/2009 | 4 | 190% | |
| 11 | Deep Web Technologies, Inc. 301 N. Guadalupe, Suite 201, Santa Fe | 23 | $898,000 | 12/31/2005 | $2,183,000 | 12/31/2009 | 4 | 143% | |
| 12 | Upsite Technologies 8100 Lang Ave. NE | 20 | $3,009,447 | 12/31/2005 | $6,844,764 | 12/31/2009 | 4 | 127% | |
| 13 | Mechtronic Solutions, Inc. (MSI) 3801 Academy Pkwy N, NE | 53 | $3,291,353 | 12/31/2005 | $7,154,530 | 12/31/2009 | 4 | 117% | |
| 14 | HealthXnet (Healthcare Extranets, LLC) 7471 Pan American Freeway NE | 5 | $668,478 | 12/31/2005 | $1,374,050 | 12/31/2009 | 4 | 106% | |
| 15 | HT MicroAnalytical, Inc. 3817 Academy Pkwy S, NE | 5 | $739,964 | 12/31/2005 | $1,472,394 | 12/31/2009 | 4 | 99% | |
| 16 | TechSource, Inc. 1475 Central Ave, Suite 250, Los Alamos | 23 | $4,872,000 | 12/31/2005 | $9,498,000 | 12/31/2009 | 4 | 95% | |
| 17 | Samba Holdings, Inc. 1730 Montano Rd. NW, Suite F | 28 | $2,683,184 | 12/31/2005 | $5,132,078 | 12/31/2009 | 4 | 91% | |
| 18 | Radiant Technologies Inc. 2835-D Pan American Freeway NE | 8 | $877,565 | 12/31/2005 | $1,592,068 | 12/31/2009 | 4 | 81% | |
| 19 | Marpac Inc. 8430 Washington Pl. NE | 28 | $1,785,000 | 12/31/2005 | $2,809,000 | 12/31/2009 | 4 | 57% | |
| 20 | Sierra Peaks Corporation 8436 Washington Pl. NE | 40 | $2,950,000 | 12/31/2005 | $4,059,000 | 12/31/2009 | 4 | 38% | |
| 21 | Stolar Research Corp. 848 Clayton Highway, Raton | 32 | $5,380,699 | 12/31/2005 | $6,549,786 | 12/31/2009 | 4 | 22% | |
| 22 | Great River Technology 6121 Indian School Rd. NE Suite 141 | 9 | $1,574,000 | 12/31/2005 | $1,875,070 | 12/31/2009 | 4 | 19% | |
| 23 | ZTEC Instruments, Inc. 7715 Tiburon St. NE | 18 | $2,418,000 | 12/31/2005 | $2,662,000 | 12/31/2009 | 4 | 10% | |
| 24 | PhDx Systems, Inc. 1001 University Blvd. SE, Suite 103 | 34 | $2,815,000 | 12/31/2005 | $2,965,000 | 12/31/2009 | 4 | 5% | |
| 25 | TEAM Technologies Inc. 1400 Eubank SE | 60 | $8,965,400 | 12/31/2005 | $9,370,000 | 12/31/2009 | 4 | 5% | |
| 26 | Fiore Industries, Inc. 8601 Washington St. NE, Suite B | 44 | $6,340,000 | 12/31/2005 | $6,430,000 | 12/31/2009 | 4 | 1% | |
| Falcon Award Recipients | |||||||||
| 1 | Advanced Logistics Support Corporation (ALS) 225 E. Idaho, Suite #4 Las Cruces | 15 | $142,641 | 12/31/2006 | $5,429,343 | 12/31/2009 | 3 | 3,706% | |
| 2 | Head Engineering Services, LLC 1717 Louisiana Blvd. NE Suite 209 | 44 | $2,359,608 | 12/31/2006 | $5,381,829 | 12/31/2009 | 3 | 128% | |
| 3 | Caldera Pharmaceuticals, Inc. 278 DP Road, Suite D, Los Alamos | 12 | $156,000 | 12/31/2006 | $1,510,000 | 12/31/2009 | 3 | 868% | |
| 4 | Hyperion Power Generation Inc. 369 Montezuma Ave, Suite 508, Santa Fe | 12 | $- | 12/31/2007 | $1,100,000 | 12/31/2009 | 2 | n.a. | |
| 5 | Vision Quest Biomedical LLC 2501 Yale Blvd. SE #301 | 8 | $151,363 | 12/31/2007 | $1,006,123 | 12/31/2009 | 2 | 565% | |
| 6 | Biomoda Inc. 609 Broadway NE | 7 | $650,000 | 12/31/2008 | $1,000,000 | 12/31/2009 | 1 | 54% | |
| 7 | Incitor Incorporated 801 University Blvd. SE, Suite 305 | 6 | $- | 12/31/2007 | $935,000 | 12/31/2009 | 2 | n.a. | |
| 8 | Computational Analysis & Network Enterprise Solutions, LLC 10200 Comanche Rd. NE | 10 | $2,860 | 12/31/2006 | $750,000 | 12/31/2009 | 3 | 26,124% | |
| 9 | Holochip Corporation 1009 Bradbury SE, Suite 32 | 6 | $2,100 | 12/31/2007 | $250,000 | 12/31/2009 | 2 | 1,1805% |
|
Monday, June 21, 2010
N.M.'s Flying 40
By Michael Hartranft
Copyright © 2010 Albuquerque Journal Journal Staff Writer
The state's fastest-growing high-tech companies — collectively known as the New Mexico Flying 40 — thrived in 2009 despite the oh-so-slowly recovering economy, posting revenues totaling more that $1.18 billion.
That's a 60 percent increase since 2005. It's also a $290 million gain over 2008.
"The four-year gains are kind of typical," said Sherman McCorkle, president of the Technology Ventures Corp., a sponsor of the annual Flying 40 event to honor the businesses ranked as state's largest and fastest growing. "But we've never had a year-over-year gain like this in aggregate."
In addition, the number of jobs at the Flying 40 soared from 4,529 to 6,124.
It's particularly noteworthy given the struggles many of the companies faced between 2005 and 2008, McCorkle said, calling 2009 a "breakout year."
"These private-sector, technology-based businesses represent the economic future of this state and are about the only economic bright spot for New Mexico in 2009," McCorkle said.
On Tuesday, the 2010 Flying 40 once again will be honored at Isotopes Park, with a buffet luncheon on the baseball stadium concourse and awards ceremony at home plate. The 2009 event, the first at the park, drew accolades from those who attended.
Now in its 13th year, the Flying 40 recognizes companies in six categories: Top 10 revenue companies; highest revenue growth in dollars (all companies); highest percentage revenue growth (all companies); top growth for revenues for companies with revenues over $10 million and top growth for revenues for companies with revenues under $10 million, both of which are based on revenue growth between 2004 and 2009.
The Flying 40 also presents Falcon awards, which are honorable mentions for companies that might not have the five-year history to qualify for a Flying 40 award, but whose strong growth shows high potential for creating jobs in the future.
Once again, Albuquerque-based research and engineering company Applied Research and Associates heads the top ten revenue companies list, earning $213.2 million in 2009. It topped the list last year with $196.3 million.
CVI Melles Griot sits atop the award category for highest revenue growth in dollars, jumping from $42.5 million in 2005 to $146.5 million in 2009, a 244 percent increase. The Albuquerque-based company is a global supplier of photonics products for a broad range of applications.
Another Albuquerque firm, Applied Technology Associates, heads the list for top growth for revenues for companies with revenues over $10 million. ATA, which specializes in precision measurements, sensing and control for primarily defense, but also commercial, customers, earned $40.1 million in 2009, compared with $10.6 million in 2005 — an increase of 278 percent.
Leading the list for top growth for revenues for companies with revenues under $10 million is Aspen Avionics, for the second consecutive year. The producer of sophisticated avionics for small aircraft, Aspen earned $9.8 million in 2009. That's an astounding 207,304 percent increase from 2005 when Aspen's revenue totaled a mere $4,766. The company's success, not surprisingly, also earned it the award for highest percentage revenue growth, all companies, for the second year in a row.
Nine companies will receive Falcon awards.
McCorkle said New Mexico's technology companies compete well in the global economy.
"They are the clean, high-technology, cutting-edge companies that are in such high demand," he said. "They also tend to attract similar complementary companies to the region.
"Where many employ 50 or less today, these companies are the employers that will employ several hundred in the future."
He cited examples such MicroOptical Devices, which began in 1994 with two employees, expanded to 18 in 1996, the Flying 40's first year of record, and then became the Emcore Corp. with 695 employees.