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Nufabrx ranks No. 50 on Inc. 5000 list of fastest-growing private firms

Posted August 18, 2021

 

CHARLOTTE, N.C. – Inc. magazine this week revealed that NUFABRX (Textile Based Delivery Inc.) is No. 50 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

 

The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

 

“It’s an unbelievable honor to be recognized by the Inc. 5000 as one of the fastest-growing companies in the nation!” said Jordan Schindler, CEO of Nufabrx. “Nufabrx’s growth is a true testament to our incredible team and their remarkable vision. When the idea of putting medicine in clothing was just a dream in college, I never imagined we would get to this point so quickly. We will celebrate this win with plenty of champagne as a company; and deep down we know this is just the beginning. Onwards and upwards!”

 

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

 

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/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.

 

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” said Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

 

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit and independent – not subsidiaries or divisions of other companies – as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.)

 

The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.

 

Simplifying health and wellness through clothing. Nufabrx is an innovative technology company focused on controlled delivery of an active ingredient (vitamin, supplement, medication) through clothing; effective delivery lasts through 25+ wash cycles. The company currently offers pain relief medicine delivered directly through a compression brace and are developing stretch mark reduction cream delivered through a maternity line of products. Patient compliance has been reimagined simply by getting dressed in the morning. Nufabrx calls this new category HealthWear. Every Nufabrx product is manufactured and tested at its North Carolina facilities. Nufabrx is an incubator company at the Manufacturing Solutions Center in Conover, N.C.

 

Source: Nufabrx

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Jordan Schindler

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