Core Source Technologies

5.0★★★★★(5 reviews)

20410 Century Blvd # 130, Germantown, MD 20874

Germantown, Maryland, United States

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Business facts

Estimated annual revenue~$9.0M
Estimated employees~14
Estimated wage bill~$1.5M
In business since2003
Estimate based on strong signals

Area statistics (20874)

Population61,922
Median household income$108,211
Source: US Census ACS

About

Core Source Technologies is a privately owned engineering firm located in Germantown, MD, with a team of over 20 engineers. Since its founding in 2003, the business has evolved from a local outsourcing partner to a full turnkey solutions provider, specializing in hardware and test engineering. With a focus on accelerating product development timelines through innovation and cost-effective solutions, Core Source Technologies is well-positioned for growth in new business opportunities, particularly in alternative energy solutions and disaster recovery devices. As a US-based engineering firm, they offer a range of services including mechanical design, PCB design, regulatory compliance, and prototyping, tailored to meet the specific needs of their clients.

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Credit Cards
American Express, Discover, Mastercard, Visa, Yes
🅿️
Parking
Yes
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Price
$$
Wheelchair Accessible
Parking, Restroom, Yes
Categories: Engineering Consultant.
ISIC Codes: 7110.

Market analysis

Earning above its category median in a growing category (Engineering Consultant).

EstimateCategory trend: 2024, +7.0%

Revenue trend (modeled)

~$9.2M2019
~$8.4M2020
~$8.7M2021
~$8.3M2022
~$9.1M2023
~$9.0M2024
Modeled from official industry statistics-0.6%/yr since 201980% confidence band: ±42%

Company profile

Incorporated2003 (MD)
Employees (reported band)11-17
Observed

Property

Lot size3.78 acres
ZoningCR20
CountyMontgomery
Assessed value$1.7K
On this lotshared with 20 other businesses
ObservedPublic assessor / cadastre record

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Engineering Consultant in Maryland764~$5.7B~$7.4M~$2.8M4.9★3.2×
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure20 chains expanding in this category, led by Northrop Grumman, Hillis-Carnes Engineering, Ch2m (+48 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)101~$194.7M~$1.9M~$841.6K598~$60.8M11×
Professional, scientific and technical activities14~$57.1M~$4.1M102

1 km area (all businesses): median from the 68 of 101 businesses with estimates

Estimate

Area conditions (20874)

Population61,922 ±2,470
Median household income$108,211 ±$6,770
Median home value$376,100
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS
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