Formularity

626C Admiral Dr Suite #224, Annapolis, MD 21401

Annapolis, Maryland, United States

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Hours
8:00 AM – 8:00 PM
Weekdays8:00 AM – 8:00 PM
WeekendsClosed
Address
City: Annapolis
State: Maryland
Postal Code: 21401
Country: United States
Social Media

Business facts

Estimated annual revenue~$1.1M
Estimated employees~4
Estimate based on strong signals

Area statistics (21401)

Population40,442
Median household income$114,699
Source: US Census ACS

About

Formularity specializes in developing highly secure, digitally-signed electronic enrollment forms for the collection and processing of personal information in health, legal, finance, and government applications. Their Safety Forms are designed to seamlessly integrate with back-end systems such as SAP and Oracle, as well as custom applications, reducing integration and operational risks while aggressively protecting client and customer information. Fully compliant with standards like HIPAA, PCI-DSS, GDPR, and ESIGN, Safety Forms can help qualify for reduced transaction fees and lower insurance premiums. Additionally, Safety Forms are accessible on all desktops, smartphones, and the web without requiring installation.

ℹ️
Diversity Management
Woman Led
Wheelchair Accessible
Parking, Yes
Categories: Software Company.
ISIC Codes: 4741.

Market analysis

Earning around its category median in a growing category (Software Company).

EstimateCategory trend: 2021, +8.7%

Revenue trend (modeled)

~$838.9K2019
~$859.6K2020
~$920.7K2021
~$1.0M2022
~$1.1M2023
~$1.1M2024
Modeled from category averages for the region+6.2%/yr since 201980% confidence band: ±68%

Property

Lot size1.08 acres
ZoningC4
CountyAnne_arundel
Assessed value$241.0
On this lotshared with 54 other businesses
ObservedPublic assessor / cadastre record

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Software Company in Maryland1,911~$12.6B~$6.6M~$1.3M5.0★0.9×
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure30 chains expanding in this category, led by Boost, Metro Pcs, Metro P (+605 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)1,106~$2.5B~$2.3M~$1.1M7,140~$942.7M1.0×
Wholesale and retail trade; repair of motor vehicles and motorcycles51~$98.1M~$1.9M298

1 km area (all businesses): median from the 980 of 1,106 businesses with estimates

Estimate

Area conditions (21401)

Population40,442 ±1,625
Median household income$114,699 ±$8,292
Median home value$541,200
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS
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