KoolSpan

4.9★★★★★(7 reviews)

7200 Wisconsin Ave #500, Bethesda, MD 20814

Bethesda, Maryland, United States

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Business facts

Estimated annual revenue~$34.8M
Estimated employees~22
Annual payroll (2021)~$3.0M
In business since2002
Based on reported payroll data

Contacts

Area statistics (20814)

Population30,234
Median household income$149,657
Source: US Census ACS

About

TrustCall, a product of KoolSpan, offers robust, cross-platform, end-to-end communication security for mobile devices, serving Governments, Enterprises, SMBs, and Consumers. KoolSpan's multiple encryption solutions secure phone calls and messaging on Android and iPhone smartphones with an easy-to-use application. Their enterprise-grade security and privacy solutions address the threat of intellectual property and proprietary asset loss, with customers in over 60 countries and across various industries. KoolSpan's products use FIPS 140-2 validated crypto and the company holds 34 granted patents globally. KoolSpan is a privately held company based in Bethesda, MD.

💳
Credit Cards
Apple Pay, Cash
🅿️
Parking
Yes
Wheelchair Accessible
Parking, Yes
Categories: Software Company, Computer Security Service.
ISIC Codes: 4741, 8010.

Market analysis

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

EstimateCategory trend: 2021, +8.7%

Revenue trend (modeled)

~$27.9M2019
~$26.5M2020
~$28.2M2021
~$31.3M2022
~$33.0M2023
~$34.8M2024
Modeled from category averages for the region+4.5%/yr since 201980% confidence band: ±68%

Company profile

Incorporated2002 (MD)
Employees (reported band)14-17
Facility size~4,000 sq ft
Observed

Property

Lot size1.60 acres
ZoningCBD2
CountyMontgomery
Assessed value$1.7K
On this lotshared with 217 other businesses
ObservedPublic assessor / cadastre record

Federal support (SBA)

PPP loan (2020)$626.8K · 30 jobs reported · implies ~$3.0M annual payroll · $634.4K forgiven
Second PPP loan (2021)$626.8K · 30 jobs reported · $632.7K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Software Company in Maryland1,911~$12.6B~$6.6M~$1.3M5.0★28×
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)2,034~$5.4B~$2.7M~$925.1K11,563~$1.4B38×
Wholesale and retail trade; repair of motor vehicles and motorcycles248~$1.5B~$6.2M1,752
Administrative and support service activities40~$110.8M~$2.8M300

1 km area (all businesses): median from the 1,654 of 2,034 businesses with estimates

Estimate

Area conditions (20814)

Population30,234 ±1,563
Median household income$149,657 ±$7,184
Median home value$941,500
Bachelor's degree or higher0.8%
Unemployment rate0.0%
Source: US Census ACS
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