IT Objects
459 Herndon Pkwy STE 20, Herndon, VA 20170
Herndon, Virginia, United States
Address
City: Herndon
Neighborhood: Reston Town Center
State: Virginia
Postal Code: 20170
Country: United States
Business facts
Estimated annual revenue~$7.2M
Estimated employees~14
Annual payroll (2021)~$710.4K
In business since2003
Based on reported payroll data
Contacts
Managing Member
Information Technology and Services
Area statistics (20170)
Population43,557
Median household income$151,136
Source: US Census ACS
About
IT Objects is located in Herndon, Virginia, and was founded in 2003. At this location, IT Objects employs approximately 30 people. This business is working in the following industry: Software Company. Annual sales for IT Objects are around $1.0M – $5.0M.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Software Company).
EstimateCategory trend: 2021, +8.7%
Revenue trend (modeled)
~$4.9M2019
~$5.3M2020
~$5.9M2021
~$6.5M2022
~$6.9M2023
~$7.2M2024
Modeled from category averages for the region+8.2%/yr since 201980% confidence band: ±68%
Company profile
Legal formLimited liability company (LLC)
Incorporated2003 (VA)
Employees (reported band)16-17
Facility size~1,250 sq ft
Observed
Property
Lot size0.42 acres
CountyFairfax
On this lotshared with 28 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL disaster loan (2020)$150.0K
PPP loan (2020)$203.9K · 15 jobs reported · implies ~$978.7K annual payroll · $206.6K forgiven
Second PPP loan (2021)$148.0K · 13 jobs reported · $150.7K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Software Company in Virginia | 3,515 | ~$28.3B | ~$8.1M | ~$1.7M | 5.0★ | 4.3× |
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure46 chains expanding in this category, led by Phone Fix, Walmart Connection Center, Metro by T-Mobile (+1,563 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 398 | ~$1.8B | ~$4.6M | ~$815.2K | 3,854 | ~$445.0M | 8.9× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 65 | ~$1.0B | ~$15.5M | — | 561 | — | — |
1 km area (all businesses): median from the 332 of 398 businesses with estimates
Estimate
Area conditions (20170)
Population43,557 ±1,734
Median household income$151,136 ±$7,833
Median home value$599,100
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS