FLYMOTION is pleased to announce that we have been selected as an honoree for this year’s 50 Florida Companies to Watch, a statewide competition that identifies companies expected to see significant growth over the next several years. The 50 companies were selected from more than 500 nominees for Florida Companies to Watch, a program hosted by the economic development organization GrowFL, in association with the Edward Lowe Foundation.
Our company’s management team, competitive market position and strong community involvement were among several factors that put us in contention for the award.
“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, GrowFL executive director. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.
“This list recognizes second-stage Florida companies with passionate leaders who are making a difference in growing and diversifying our economy,” said Jennifer Barrows, GrowFL Chairman of the GrowFL Advisory Board and Business Development Executive with Withum Smith+Brown, PC. Second-stage companies are defined as those with 6 to 150 full-time employees and between $750,000 and $100 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.
From 2015 through 2018, these 50 companies generated $923 million in revenue and added 935 employees, reflecting a 123.9% increase in revenue and 131% increase in jobs for the four-year period. That translates into a 31% average annual revenue growth and 32.2% average annual growth in employees.
These 50 companies projected continued growth in 2019, with a 34.8% revenue increase and 36.8% growth in employees compared to 2018. If their projections hold, these 50 companies will have generated $1.38 billion in revenue and added 1,541 employees over the last five years — a 201.9% increase in revenue and 216% increase in jobs since 2015.
Companies listed as an honoree will be officially recognized at the 9th Annual Florida Companies to Watch Celebration on November 14, 2019 at the Hard Rock Live, Universal City Walk in Orlando, FL.
FLYMOTION was founded in early 2014 and is headquartered in Tampa, Florida. FLYMOTION has quickly become one of the most recognized, end to end UAS solution companies providing sales, system integration, training, consulting, counter UAS, command & control vehicles (C4ISR) and personnel for all types of projects and missions. Their executive, engineering and creative teams engulf themselves in the artistry of innovative technology and never stop thinking about how to further improve the current industry, or introduce visionary concepts. FLYMOTION provides solutions and services to local, state, federal agencies, defense and more.
For more information, please visit https://flymotionus.com
GrowFL is dedicated to support and accelerate the growth of second-stage companies throughout Florida, by providing their leaders focused, efficient, and timely access to resources they deem important, such as connections with other second-stage company leaders, and to professional organizations whose expertise, experience, and products lead to the second-stage company’s continued growth and prosperity resulting in diversification and growth of Florida’s economy. Second-stage growth companies have at least 10 employees and a $1 million in revenue and possess an intent and desire to grow beyond second-stage.
About the Edward Lowe Foundation:
Established in 1985, the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a second mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,000-acre home in southwest Michigan.