Address
City: Sparks
Neighborhood: North Valley
State: Nevada
Postal Code: 89431
Country: United States
Business facts
Estimated annual revenue~$1.5M
Estimated employees~7
Annual payroll (2020)~$450.8K
In business since1994
Based on reported payroll data
Contacts
Executive Officer
Area statistics (89431)
Population40,973
Median household income$61,968
Source: US Census ACS
About
Testwave is located in Sparks, Nevada, and was founded in 1994. At this location, Testwave employs approximately 7 people. This business is working in the following industry: Laboratory. Annual sales for Testwave are around $500.0K – $1.0M.
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Credit Cards
American Express, Mastercard, Visa
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning above its category median in a growing category (Laboratory).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$940.7K2019
~$955.5K2020
~$1.1M2021
~$1.3M2022
~$1.3M2023
~$1.5M2024
Modeled from official industry statistics+9.3%/yr since 201980% confidence band: ±42%
Company profile
Incorporated1999 (NV)
Employees (reported band)8-17
Facility size~2,200 sq ft
Observed
Property
Lot size1,676 sq ft
CountyWashoe
On this lotshared with 1 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$93.9K · 9 jobs reported · implies ~$450.8K annual payroll · $94.9K forgiven
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Laboratory in Nevada | 144 | ~$278.9M | ~$2.0M | ~$1.0M | 4.4★ | 1.4× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure2 chains expanding in this category, led by ALS Minerals, IC Labs, LLC (+4 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) | 247 | ~$1.9B | ~$7.6M | ~$1.6M | 2,811 | ~$358.9M | 0.9× |
| Professional, scientific and technical activities | 14 | ~$34.7M | ~$2.5M | — | 115 | — | — |
1 km area (all businesses): median from the 219 of 247 businesses with estimates
Estimate
Area conditions (89431)
Population40,973 ±1,754
Median household income$61,968 ±$5,071
Median home value$303,200
Bachelor's degree or higher0.1%
Unemployment rate0.1%
Source: US Census ACS