LoopUp

87 Summer St Mezzanine Floor, Boston, MA 02110

Boston, Massachusetts, United States

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Hours
Weekdays8:30 AM – 5:30 PM
Address
City: Boston
Neighborhood: Downtown
State: Massachusetts
Postal Code: 02110
Country: United States
Social Media

Business facts

Estimated annual revenue~$7.5M
Estimated employees~20
Estimated wage bill~$2.3M
In business since2014
Estimate based on strong signals

Area statistics (02110)

Population2,337
Median household income$126,157
Source: US Census ACS

About

LoopUp (LSE: LOOP) is a global communications company that assists organizations in transitioning their communications to the cloud, enabling flexible working, improved productivity, and reduced complexity and cost. Their solutions include full telephony integration for Microsoft Teams and a premium remote meeting solution, available as a native app for Teams or as a standalone solution, all delivered over LoopUp’s premium voice network via Direct Routing.

Wheelchair Accessible
Yes
Categories: Telecommunications Service Provider, Software Company.
ISIC Codes: 4741, 6110.

Market analysis

Earning above its category median in a stable category (Telecommunications Service Provider).

EstimateCategory trend: 2024, -0.6%

Revenue trend (modeled)

~$4.8M2019
~$5.2M2020
~$6.1M2021
~$6.8M2022
~$7.2M2023
~$7.5M2024
Modeled from category averages for the region+9.5%/yr since 201980% confidence band: ±68%

Property

Lot size5,161 sq ft
Land use344
CountySuffolk
Parcel ownerHIVE PROPERTY OWNER LLC
Assessed value$8.5M (land $3.1M)
ObservedPublic assessor / cadastre record

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Telecommunications Service Provider in Massachusetts720~$1.4B~$2.4M~$586.2K4.2★13×

Telecommunications Service Provider in Massachusetts: revenue figures from the 587 of 720 businesses with estimates

Category revenue trend2024: -0.6%2023: +1.5%2022: +0.9%2021: -0.1%Modeled from business-level estimates
Chain pressure3 chains expanding in this category, led by Verizon Business Services, Verizon Business Services, Comcast Service Center (+43 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)2,832~$15.5B~$5.5M~$1.7M30,118~$4.4B4.6×
Wholesale and retail trade; repair of motor vehicles and motorcycles404~$4.6B~$11.4M4,992
Information and communication35~$42.7M~$1.2M309

1 km area (all businesses): median from the 2,191 of 2,832 businesses with estimates

Estimate

Area conditions (02110)

Population2,337 ±499
Median household income$126,157 ±$31,104
Median home value$1,162,200
Bachelor's degree or higher0.8%
Unemployment rate0.1%
Source: US Census ACS
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