For the Third Time, TruConnect Appears on the Inc. 5000, Ranking No. 1,692 With Three-Year Revenue Growth of 367% Percent

News provided by

Aug 22, 2022, 08:00 ET

NEW YORK, Aug. 22, 2022 /PRNewswire/ -- Today, Inc. revealed that TruConnect is No. 1,692 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

"We are proud to be recognized by Inc. for our continued growth and be named for the third consecutive year to the Inc. 5000 list," stated Doug Lodder, president of TruConnect. "This achievement is driven by the tremendous efforts of our team to help close the digital divide for all Americans and our commitment to provide customers with the devices and services they need to get connected and stay connected."

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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. magazine, which will be available on August 23.

"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."

TruConnect has been on the front lines of digital equity since the inception of the Lifeline program, a discounted phone service for qualifying low-income consumers. As a mission-driven company, it has been solely focused on building solutions designed for its customers most in need. In the last year and half alone, it has equipped more than 1.5 million Americans with free smartphones and service. Today, it delivers an end-to-end connectivity solution comprising of a device and wireless connectivity, and also provides service through the federal Affordable Connectivity Program.

More about Inc. and the Inc. 5000

Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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 four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.

About TruConnect
TruConnect is the fastest-growing premium low-cost wireless service provider in the U.S., expanding availability of wireless and internet service plans and low-cost devices through Lifeline and the Affordable Connectivity Program (ACP) to all eligible Americans. TruConnect is mission-driven, transforming how people connect to the world and helping more Americans gain access to critical resources while staying connected to family and friends. With no-contract plans for voice, text, and data, and easy-to-use devices like handsets, tablets, computers and hotspots, TruConnect is bridging the digital divide and connecting millions of Americans who have otherwise been overlooked and underserved by traditional providers.

SOURCE TruConnect