Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Reports Fantastic 50 Strength in numbers

Strength in numbers

Median revenue growth rate increases for top companies

Published April 26, 2018 by Robert Powell, III

This year’s Fantastic 50 companies are showing some revenue-generating power.

The annual list of Virginia’s 50 fastest-growing companies recorded median revenue growth of 417 percent for 2013 through 2016. That number represents a substantial jump from the median growth rates seen in the past two Fantastic 50 lists, 281 percent last year and 226 percent in 2016.

An accelerating growth pace also was seen at the top of this year’s list. Ashburn-based B.E.S. Technology Inc. led the group with a 2013-16 revenue growth rate of 2,709.2 percent. That number is 861 percentage points higher than last year’s overall winner, Stafford-based Darkblade Systems, whose growth rate was 1,848 percent from 2012 to 2015.

In addition to B.E.S. Technology, four other companies are Vanguard winners on this year’s list. They posted the highest revenue growth rates in their industry groups.

Those companies are:

  • Service: Alpha Omega Integration LLC, a McLean-based information technology and consulting firm with a revenue-growth rate of 1,610.4 percent.
  • Technology: DH Tech, a Leesburg-based systems integration and virtualization services company, with a rate of 1,269.2 percent.
  • Manufacturing: O’Connor Brewing Co., a Norfolk-based craft brewery.
  • Retail/wholesale: Brandito LLC, a Richmond-based promotional marketing and corporate apparel company, with a rate of 297.1 percent.

Northern Virginia companies continued their dominance of the Fantastic 50, occupying 38 of the 50 spots on the list. Nine of the companies are based in Hampton Roads, and three are from Central Virginia.

To be eligible for the list, a company must have recorded revenue of at least $200,000 in 2013. It also must post a profit in 2016 and have revenue of less than $200 million in its most recent fiscal year.

The Fantastic 50 winners were recognized at a banquet hosted by the Virginia Chamber of Commerce in late April at the Westfields Marriott Washington Dulles hotel in Chantilly.

The accounting firm Dixon Hughes Goodman reviews financial records of the entries to determine the winners. Virginia Business is a sponsor of the program.

Click here for a complete list of Virginia's Fantastic 50.

Related Stories

‘I work for U’

Rebranded firm focuses on solving problems

Ahead of the boom

Construction and security

Trending

13th annual Best Places to Work

Making strides

It’s back!

After the crisis

Fort Monroe development moving forward

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

13th annual Best Places to Work

Making strides

It’s back!

After the crisis

Fort Monroe development moving forward

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk