In its annual “Fast 50” publication, Austin Business Journal identifies the fastest-growing companies in Central Texas. This year, residential and commercial solar design and installation company Revolve Solar made an appearance as the second fastest-growing company with a compound annual growth rate of 201 percent.
“While our year-over-year revenue growth speaks to the tremendous success Revolve has seen since opening its doors three and a half years ago, it’s not the whole story,” said CEO and founder Tim Padden. “Our philosophy is to put a great deal of time and effort into hiring smart, capable and ambitious people at all levels of our organization, and to work with them to agree on what a clear roadmap to success looks like. We would not be seeing the growth we have had without a dedicated team and enthusiastic solar customers.”
To qualify for the Austin Business Journal Fast 50 list, companies had to experience dramatic revenue growth during the last three years and have this financial data verified by a third party. Revolve ranked second in the higher ($10M+ revenue) category with earnings of $16 million in 2014, up significantly from $1.7 million in 2012.
Indeed, the ABJ ranking comes less than a month after Revolve won the inaugural “Best Solar Company” award in Redding, Calif.
“We’re excited to see the success of our residential solar efforts translate to the small and medium-sized commercial sector,” said Rick Davis, EVP of Business Development. “As a result, we’re anticipating rapid growth in this part of the business going forward.”
— Solar Builder magazine