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Online electronics merchant posts record $1.5 billion in sales in 2006 and 174.8 percent sales growth over past four years
CITY OF INDUSTRY, Calif., — Newegg Inc. today announced that it was named to the first-ever Inc. 5,000 list of the fastest-growing private companies. Based on revenue from 2003 to 2006, Newegg ranked 11th in gross revenue growth, 17th in total revenue growth and 41st in revenue growth rate in the Computers and Electronics categories. Last year, Newegg ranked 376 on the Inc. 500 list, with three-year sales growth of 377.6 percent. All of Newegg’s growth has occurred organically, without acquisitions.
The 2007 Inc. 5,000 list measures percentage of revenue growth from 2003 through 2006. To qualify, companies must have been U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of Dec. 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006. Collectively, the Inc.
5,000 constitutes the backbone of the U.S. economy, representing approximately $194 billion in sales in 2006.
How Newegg Stacks Up