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FINANCIAL SUMMARY
from 2022 Annual Report
by RESPEC
Four years ago, RESPEC celebrated the $50M revenue milestone. Today, we passed $100M—a testament to our focus on creating opportunities.
In addition to growth, 2022 marked another fantastic year in RESPEC’s financial health, financial metrics, and our growing brand in the market. Profit margins are the strongest they have been in 10 years. RESPEC continues to share 50% (or more) of our earnings directly with employees through retirement and bonus programs. Our investments in markets and employees continue. From all of this, the ESOP celebrates its 25th consecutive year of a stock price increase.
We doubled revenues over the past 5 years to reach
$105 MILLION
88%
RESPEC’s
RECORD stock values
value as of December 31, 2022, reached $152.40
We’ve achieved positive stock appreciation for 25 CONSECUTIVE YEARS
Compounded on an annual basis, RESPEC has achieved a double-digit percentage growth rate over the past 5 years. CLIENT RETENTION of clients with $100k+ in revenue were repeat clients in 2022
Employee Investments
RESPEC continues to invest 50%+ of earnings directly back to employees through retirement and bonus programs
Since 2020, RESPEC has for future growth investments
RESPEC’s contracted backlog is $125 MILLION
Employer contributions for retirement, health insurance, and bonuses totaled
RETAINED
$9.2 MILLION
$2.0M
COMPLETED CASH 2022 Annual Report respec 8