Carlsbad-based company earns first-time honors with three-year sales growth of 135%
SAN DIEGO, August 25, 2011 -- Inc. magazine this week recognized SKLZ, the industry leader in athletic performance and sports skill development products, as number 1,907 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. SKLZ and its 56 employees make this year’s list with a 135% revenue increase since 2007 and $41.4 million in revenue in 2010.
“We’re leading an emerging market segment that addresses athletes’ dreams with the training tools they need to achieve them,” said SKLZ CEO John Sarkisian. “Our ranking on the Inc. 500/5000 shows we’re doing something special.”
As the leader in sports training products and content, SKLZ continues to drive growth in this burgeoning segment in the sporting goods industry. Fueling this growth is the company’s focus on innovation, bringing new concepts and unique versions of legacy products to the market. Additionally, SKLZ is aligned with Athletes’ Performance, the leading trainer of elite athletes, to co-create instructional content and training programs that complement SKLZ’s lines of training products.
From the San Diego region, SKLZ joins a number of companies on the Inc. 500|5000 such as ESET, American Specialty Health and The Active Network on this year’s list.
“It’s an honor to be on this list with a handful of San Diego-based companies that bring innovative business to the region,” said Sarkisian. “Since we started in 2002, we’ve focused on creative, strategic growth, which has helped position us as a recognized sports training brand worldwide.”
In a stagnant economic environment, the median growth rate of 2011 Inc. 500|5000 companies remains at 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year. New York-based ideeli ranked number one on the list.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generated revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.
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/5000.
About SKLZ
SKLZ is the premier developer and marketer of athletic performance and skill development training products for serious athletes of all ages. The flagship brand of Pro Performance Sports, SKLZ delivers broad lines of training products across a variety of sports, including baseball, fastpitch, golf, football, basketball, soccer and more. SKLZ focuses on transforming innovative concepts into effective sports training products that help serious athletes of all ages reach their full potential. With international headquarters in Carlsbad, California, the company delivers durable, high-performance trainers that can be found internationally at major sporting goods retailers, specialty shops, mass merchants, and online retailers, as well as on the SKLZ web site at http://www.sklz.com.
