Connect with us

Technology

Nisun International Reports Financial Results for Fiscal Year 2023: Nisun Achieves 65% Revenue Growth and Ends the Year with $29.0 Cash Per Share

Published

2 years ago

on

SHANGHAI, July 12, 2024 /PRNewswire/ — Nisun International Enterprise Development Group Co., Ltd. (“Nisun International” or the “Company”) (NASDAQ: NISN), a technology and industry driven integrated supply chain solutions provider, today announced its financial results for the fiscal year ended December 31, 2023.

Financial Highlights:

Revenue: Total revenue for the year was $386.7 million, representing a 65% increase compared to $234.2 million in 2022.Gross Profit: Gross profit increased to $40.0 million from $37.0 million in the previous year.Net Income: Net income for 2023 was $17.7 million.Cash and Cash Equivalents: The Company ended the year with $114.5 million in cash and cash equivalents.Earnings per Share (EPS): The Company reported earnings of $4.46 per share, with a cash per share value of $29.0.

CEO’s Comments:

Xin Liu, CEO of Nisun International, commented, “We are thrilled to report another year of outstanding financial performance, underscoring the success of our strategic initiatives and operational excellence. Our revenue growth of 65% is a testament to our robust supply chain solutions.  We have made significant strides in expanding our supply chain capabilities,  diversifying into other agricultural products. These efforts have positioned us well for sustained growth and profitability.”

Mr. Liu continued, “Despite our strong financial performance, substantial cash reserves of $29.0 per share, and robust earnings, our stock trades at just over one times annual earnings by the end of June. We believe this significantly undervalues our company. The Board of Directors and I are actively considering strategic alternatives to unlock shareholder value and better align our market valuation with the intrinsic value of our company. Our strong cash position and ongoing growth initiatives provide a solid foundation for these efforts.”

Operational Highlights:

Supply Chain Trading and Solutions: Nisun International continues to enhance its supply chain trading and financing solutions capabilities, leveraging state-of-the-art technology to streamline operations and reduce costs. The Company successfully managed the daily supply of 3.6 to 6 million eggs to major online platforms across key regions.Geographical Expansion: The Company’s supply chain operations now span multiple regions, enabling delivery of a diverse range of products. This extensive network ensures seamless operations and strengthens Nisun’s market presence.Diversification: Nisun has expanded its supply chain solutions to include other agricultural products, positioning the Company for substantial growth in the agricultural sector.

Looking Ahead:

Mr. Liu added, “Our commitment to innovation and excellence remains unwavering as we continue to drive growth and create value for our shareholders. The strategic expansion of our supply chain solution  will enable us to meet the evolving needs of our customers and capitalize on new market opportunities. We are excited about the future and confident in our ability to achieve even greater success.”

Investor Relations:

For more information, please visit the Investor Relations section of Nisun International’s  website at: www.nisun-international.com.

About Nisun International:

Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform.

Cautionary Note Regarding Forward-Looking Statements

This press release contains information about Nisun’s view of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun’s registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.

For more information, please contact:

Nisun International Enterprise Development Group Co., Ltd

Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com 

Horizon Research Management Consultancy
Michael Wei
Email: hwey@horizonconsultancy.co 

 

 

NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

(EXPRESSED IN US DOLLARS)

December 31,
2023

December 31,
2022

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

114,454,844

$

63,901,329

Restricted cash

197,096

3,417,244

Short-term investments

12,788,629

11,700,400

Accounts receivable, net

21,120,795

18,931,346

Advance to suppliers, net

38,602,304

46,968,549

Receivables from supply chain solutions

59,167,029

43,475,981

Inventories

30,953,583

31,609,877

Prepaid expenses and other current assets

16,018,778

10,890,083

TOTAL CURRENT ASSETS

293,303,058

230,894,809

NON-CURRENT ASSETS:

Property and equipment, net

881,276

719,574

Intangible assets, net

882,828

1,795,234

Right-of-use assets, net

2,384,590

3,349,432

Equity investments

368,528

373,292

Investment in limited partnership

–

14,913,539

Goodwill

17,659,983

23,814,005

Deferred tax assets, net

418,571

310,577

Long term investment

–

7,249,319

TOTAL NON-CURRENT ASSETS

22,595,776

52,524,972

TOTAL ASSETS

$

315,898,834

$

283,419,781

LIABILITIES

CURRENT LIABILITIES:

Accounts payable

$

45,463,753

$

40,925,155

Short-term bank loans

1,971,859

434,959

Accrued expenses and other current liabilities

7,245,358

6,090,582

Operating lease liabilities – current

861,087

1,008,766

Payables to supply chain solutions

12,947,708

9,122,978

Advances from customers

38,153,915

21,827,387

Taxes payable

4,145,920

2,748,474

Loan from related party

–

8,028,965

Liabilities of financial guarantee

22,335

–

Due to related parties – current

274,652

282,724

TOTAL CURRENT LIABILITIES

111,086,587

90,469,990

Operating lease liabilities – non-current

1,643,076

2,425,597

Deferred tax liabilities

114,650

727,326

TOTAL NON-CURRENT LIABILITIES

1,757,726

3,152,923

TOTAL LIABILITIES

112,844,313

93,622,913

SHAREHOLDERS’ EQUITY*:

Class A common stock, $0.01 par value, 30,000,000 and 30,000,000 shares

   authorized, 4,017,596 and 4,006,263 shares issued, and 3,952,198 and 3,944,075

   shares outstanding as of December 31, 2023 and 2022, respectively

40,176

40,063

Class B common stock, $0.01 par value, 1,000,000 shares authorized, no shares

   issued and outstanding as of December 31, 2023 and 2022

–

–

Treasury shares

(261,592)

(355,844)

Additional paid-in capital

130,535,082

130,503,387

Retained earnings

68,395,637

53,214,304

Statutory reserves

11,564,250

9,167,845

Accumulated other comprehensive loss

(11,474,682)

(6,937,950)

COMMON SHAREHOLDERS’ EQUITY

198,798,871

185,631,805

Non-controlling interests

4,255,650

4,165,063

TOTAL SHAREHOLDERS’ EQUITY

203,054,521

189,796,868

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

315,898,834

$

283,419,781

* The financial statements give retroactive effect to the May 18, 2023 one-for-ten reverse share split.

 

 

NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(EXPRESSED IN US DOLLARS)

For the Year Ended December 31,

2023

2022

2021

   REVENUES:

   Revenue generated from services:

      Small and Medium Enterprise financing solutions

$

101,823,899

$

87,269,959

$

87,133,963

      Supply Chain financing solutions

6,153,645

3,542,592

4,930,289

      Other financing solutions

–

–

3,222

Total revenue generated from services

107,977,544

90,812,551

92,067,474

      Revenue generated from sales:

Supply chain trading business

278,693,355

143,361,714

68,132,237

                Total revenues

386,670,899

234,174,265

160,199,711

   COST OF REVENUE:

      Cost of revenue – services

(68,154,833)

(55,472,076)

(37,989,001)

      Cost of revenue – sales

(278,002,800)

(140,880,063)

(67,628,806)

      Business and sales related taxes

(527,336)

(772,830)

(533,760)

   GROSS PROFIT

39,985,930

37,049,296

54,048,144

   OPERATING EXPENSES:

      Selling expenses

(1,525,692)

(1,977,617)

(2,323,403)

      General and administrative expenses

(10,859,011)

(10,511,542)

(11,641,567)

      Research and development expenses

(1,093,457)

(1,563,718)

(1,599,728)

      Bad debt expense

(2,215,016)

(4,509,634)

(294,536)

      Goodwill Impairment Loss

(5,488,816)

(777,329)

–

Total operating expenses

(21,181,992)

(19,339,840)

(15,859,234)

   INCOME FROM OPERATIONS

18,803,938

17,709,456

38,188,910

   OTHER INCOME :

      Interest and investment income

2,557,588

2,790,768

2,122,903

      Other income , net

2,159,301

2,021,688

464,210

Total other income, net

4,716,889

4,812,456

2,587,113

INCOME BEFORE PROVISION FOR INCOME TAXES

23,520,827

22,521,912

40,776,023

PROVISION FOR INCOME TAXES

(5,817,147)

(4,741,854)

(10,269,501)

NET INCOME

17,703,680

17,780,058

30,506,522

Net income attributable to non-controlling interests

(125,942)

(159,246)

(126,161)

NET INCOME – Nisun International’s shareholders

$

17,577,738

$

17,620,812

$

30,380,361

OTHER COMPREHENSIVE INCOME (LOSS)

      Foreign currency translation (loss) income

(4,536,797)

(12,576,380)

2,039,011

COMPREHENSIVE INCOME

13,040,941

5,044,432

32,419,372

Comprehensive loss attributable to non-controlling interests

65

6,231

2,051

COMPREHENSIVE INCOME

$

13,041,006

$

5,050,663

$

32,421,423

BASIC AND DILUTED EARNINGS PER COMMON SHARE:

NET EARNINGS PER COMMON SHARE

$

4.46

$

4.42

$

14.13

Weighted average number of shares outstanding-basic and diluted*

3,943,793

3,986,359

2,150,683

* The financial statements give retroactive effect to the May 18, 2023 one-for-ten reverse share split.

 

 

 

NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD AND SUBSIDIARIES

CONDENSED STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 and 2021

(EXPRESSED IN US DOLLARS)

2023

2022

2021

   CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$

17,703,680

$

17,780,058

$

30,506,522

      Adjustments to reconcile net income to net cash provided by (used

           in) operating activities:

Depreciation and amortization

2,238,222

2,113,732

2,180,038

Stock-based compensation

–

125,630

498,825

Shares issued for compensation

31,808

185,000

71,175

Bad debt expense

2,215,016

4,509,634

294,536

Impairment of goodwill

5,488,816

777,329

–

Loss on disposition of property and equipment

–

1,385

190,301

Income from investments

(365,359)

(541,578)

(808,464)

Deferred tax (benefit) expense

(710,672)

271,907

275,749

Changes in operating assets and liabilities:

                Accounts receivable

(3,086,600)

(2,075,274)

(13,294,924)

                Advance to suppliers, net

7,282,068

(39,859,386)

(9,213,279)

                Prepaid expenses and other current assets

(5,511,142)

(4,734,501)

(3,464,939)

                Receivables from supply chain solutions

(18,651,357)

11,372,841

(48,202,128)

                Inventories

(246,818)

(25,530,993)

(3,931,400)

                Accounts payable

5,722,300

7,693,011

33,620,611

                Advance from customers

16,986,750

19,085,377

3,375,769

                Taxes payable

1,478,316

(5,574,048)

5,575,502

                Other payables

3,232,387

–

2,576,570

                Payable to supply chain solutions

4,096,141

(15,198,883)

25,608,622

                Operating lease liabilities

(834,381)

(855,242)

(952,495)

                Accrued expenses and other current liabilities

(1,569,395)

1,501,078

(1,049,489)

NET CASH (USED IN) PROVIDED BY OPERATING

   ACTIVITIES

35,499,780

(28,952,923)

23,857,102

CASH FLOWS FROM INVESTING ACTIVITIES:

      Acquisition of property and equipment

(503,957)

(652,585)

(186,705)

      Purchase of intangible assets

(44,029)

(74,710)

(18,281)

      Cash (paid) received in connection with Nami acquisition

–

–

(7,007,905)

      Cash paid in connection with acquisition, net of cash received

–

(530,322)

–

      Cash received on disposal of discontinued operations

–

–

14,950,730

      Proceeds from sale of short-term investments

103,458,984

78,595,280

4,894,270

      Proceeds from sale of Long-term investment

7,061,233

–

–

      Proceeds from investment in debt securities

14,366,013

–

–

      Purchase of short-term investments

(104,365,028)

(51,567,746)

(39,526,099)

      Purchase of Long-term investments

–

(7,430,511)

–

      Collection of loans to third parties

–

–

1,643,203

      Proceeds from disposal of subsidiary

71,514

–

–

      Loans to third parties

(229,161)

(501,905)

–

NET CASH PROVIDED BY (USED IN) INVESTING

   ACTIVITIES

19,815,569

17,837,501

(25,250,787)

CASH FLOWS FROM FINANCING ACTIVITIES:

      Proceeds from short-term bank loans

1,553,471

445,831

784,609

      Proceeds from issuance of common shares and pre-funded warrants

–

–

70,794,465

      Proceeds from third-party loans

1,977,145

36,770,626

–

      Repayment of short-term bank loans

(29,961)

(1,239,983)

–

      Repayment of third-party loans

(2,277,954)

(41,491,973)

–

      Repayment to related parties

–

(10,097)

(1,803,374)

      Repayment of loan from related parties

(8,028,965)

(2,500,000)

–

      Purchase of treasury shares

94,252

(355,844)

–

      Capital contribution from non-controlling interest

(35,290)

37,116

751,841

NET CASH (USED IN) PROVIDED BY FINANCING

   ACTIVITIES

(6,747,302)

(8,344,324)

70,527,541

EFFECT OF EXCHANGE RATE CHANGE ON CASH AND

   CASH EQUIVALENTS

(1,234,680)

(4,848,722)

294,928

NET (DECREASE) INCREASE IN CASH AND CASH

   EQUIVALENTS

47,333,367

(24,308,468)

69,428,784

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

   FROM CONTINUING OPERATIONS-BEGINNING

67,318,573

91,627,041

22,198,257

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

   FROM CONTINUING OPERATIONS-ENDING

$

114,651,940

$

67,318,573

$

91,627,041

SUPPLEMENTAL CASH FLOW DISCLOSURES:

      Cash paid for income taxes

$

4,530,963

$

10,385,495

$

5,546,082

      Cash paid for interest

$

29,961

$

496,932

$

370,356

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:

      Repayment payable for business disposition

279,037

–

–

      Receivable from disposal of subsidiary

$

–

$

289,973

$

–

         Lease liabilities arising from obtaining right-of-use
         assets

295,220

4,070,163

–

      Issuance of shares for share-based compensation

$

–

$

–

$

71,175

CASH AND CASH EQUIVALENTS FROM CONTINUING

   OPERATIONS ARE COMPRISED OF THE FOLLOWING:

Cash and cash equivalents

$

114,454,844

$

63,901,329

$

91,447,620

Restricted cash

197,096

3,417,244

179,421

Total cash, cash equivalents and restricted cash

$

114,651,940

$

67,318,573

$

91,627,041

 

 

View original content:https://www.prnewswire.com/news-releases/nisun-international-reports-financial-results-for-fiscal-year-2023-nisun-achieves-65-revenue-growth-and-ends-the-year-with-29-0-cash-per-share-302195735.html

SOURCE Nisun International Enterprise Development Group Co., Ltd

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

In HelloNation, Insurance Expert Courtney Paat Reviews Florida Homeowners Insurance Coverage and Key Policy Details

Published

54 minutes ago

on

June 19, 2026

By

The article explains storm deductibles, home insurance exclusions, and liability protection so families can better understand their coverage.

PLANT CITY, Fla., June 19, 2026 /PRNewswire/ — Do Florida homeowners truly understand what their insurance policies cover when storms or unexpected events occur? HelloNation has published the piece and provides the answer in a HelloNation article that breaks down Florida homeowners insurance coverage in clear, practical terms.

The HelloNation article explains that homeowners insurance in Florida is intended to protect both property and personal liability, yet coverage details can vary significantly between policies. Many families assume certain events are automatically covered, only to discover differences when they file a claim. The article emphasizes that understanding policy terms before an emergency can help prevent costly surprises.

Most standard home insurance policies include protection against fire, lightning, theft, and certain weather related incidents. However, the article notes that flood insurance is typically not included in standard coverage. Because Florida is especially vulnerable to hurricanes and heavy rainfall, homeowners may need separate flood insurance policies to ensure full protection.

Storm deductibles are another important feature of Florida homeowners insurance coverage. The article describes how these deductibles often apply specifically to hurricane or named storm damage. Instead of a flat dollar amount, storm deductibles may be calculated as a percentage of the home’s insured value. Understanding how storm deductibles work allows homeowners to prepare financially before severe weather strikes.

Personal property coverage is also addressed in the article. This part of a policy generally protects belongings inside the home, including furniture, clothing, and electronics. The article explains that certain high value items, such as jewelry or collectibles, may exceed standard limits and require additional riders or endorsements for full protection.

Liability protection is another essential component of home insurance. The HelloNation article outlines how liability protection can help cover medical bills or legal expenses if someone is injured on the property. This safeguard is especially important for homeowners who host guests or have features like pools or play equipment that may increase risk.

The article also discusses home insurance exclusions, which are specific events or conditions not covered by a policy. Common home insurance exclusions in Florida may include flooding and gradual wear and tear. Reviewing these exclusions carefully helps homeowners determine whether supplemental policies are necessary.

Regular policy reviews are strongly encouraged. The article explains that changes such as home renovations, large purchases, or increases in property value can affect the amount of coverage needed. Without periodic updates, homeowners may find themselves underinsured or paying for outdated coverage.

Comparing policies from multiple insurers can also provide insight. The article notes that evaluating options side by side may reveal opportunities to adjust deductibles, enhance personal property coverage, or refine liability protection. This process can improve overall Florida homeowners insurance coverage while helping manage costs.

Throughout the piece, Insurance Expert Courtney Paat provides industry context that supports the article’s educational focus. Insurance Expert Courtney Paat’s insights help clarify complex insurance terms while keeping the emphasis on practical understanding rather than promotion.

The article concludes that informed homeowners are better prepared when severe weather or unexpected incidents occur. By understanding what is covered, what falls under home insurance exclusions, and how storm deductibles function, families can approach claims with greater confidence and stability.

What Florida Homeowners Insurance Actually Covers features insights from Courtney Paat, Insurance Expert of Plant City, Florida, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-insurance-expert-courtney-paat-reviews-florida-homeowners-insurance-coverage-and-key-policy-details-302805575.html

SOURCE HelloNation

Continue Reading

Technology

Insta360 Luna Ultra Dual-Lens 8K Gimbal Camera and Mic Pro Announced; More Info at B&H

Published

54 minutes ago

on

June 19, 2026

By

NEW YORK, June 19, 2026 /PRNewswire/ — B&H is pleased to share the Insta360 Luna Ultra 8K gimbal camera with dual Leica Summicron lenses, a triple AI chip, and a detachable 2″ OLED touchscreen.

The primary lens packs a 1″ CMOS image sensor, while the telephoto lens has a 1/1.3″ CMOS sensor. The Luna Ultra is also compatible with Insta360’s new Mic Pro wireless system, with E-Ink displays and 32-bit float internal recording.

Insta360 Luna Ultra Standard Combo https://www.bhphotovideo.com/c/product/1964142-REG/insta360_cinsabta_luna01_luna_ultra_standard_bundle.html

Key Features

Capture up to 8K30 Action FootageDual Lenses, 1″ & 1/1.3″ CMOS SensorsDetachable 2″ OLED ScreenTriple AI Chip, 47GB Internal Storage3-Axis Stabilization, AI TrackingBuilt-In Leica Color Profiles

The Insta360 Luna Ultra has built-in Leica color profiles and cinematic filters, as well as 10-bit I-Log recording. Dynamic range sits around 14 stops. The camera’s subject tracking and focus system uses the AI chip, and Insta360 promises enough speed and accuracy to capture fast-moving sports. Additional modes include 4K Live Frame photos and a Beauty Mode for refined skin texture.

The Luna Ultra comes equipped with a triple AI processing chip, two of which are dedicated to imaging for superior low-light performance. The other chip provides processing power for the rest of the camera’s functions.

The 2″ detachable OLED touchscreen, supporting HD video transmission at up to 65′ and functioning as a remote control and a wireless microphone. Battery life for the Luna sits around four hours when utilizing its 3-axis stabilization and AI tracking.

Learn more at B&H Explora blog here

About B&H Photo Video

As the world’s largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable product experts and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for over 50 years.

Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. You can view the B&H Event Space presentations from many of the world’s foremost experts and interviews with some of technology’s most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as our award-winning podcasts.

When you’re in Manhattan, take a tour of the B&H Photo Electronics and camera store, located at 420 Ninth Avenue. The techno-carousel spins all year round at the counters and kiosks at B&H. With thousands of products on display, the B&H Photo SuperStore is the place to test-drive and compare all the latest gear.

The B&H Payboo Credit Card offers the industry’s best instant savings and special financing, subject to credit approval. Visit B&H’s Payboo Page to learn more and apply.

https://www.bhphotovideo.com/

Contact Information
Geoffrey Ngai
B&H Photo Video
212-615-8820 https://www.bhphotovideo.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/insta360-luna-ultra-dual-lens-8k-gimbal-camera-and-mic-pro-announced-more-info-at-bh-302805576.html

SOURCE B&H Photo

Continue Reading

Technology

WTOP News Names ThunderCat Technology A Winner Of The Greater Washington area Top Workplaces 2026 Award

Published

54 minutes ago

on

June 19, 2026

By

RESTON, Va., June 19, 2026 /PRNewswire/ — ThunderCat Technology has been awarded a Top Workplaces 2026 honor by WTOP News. This list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures the employee experience and its component themes, including employees feeling Respected & Supported, Enabled to Grow, and Empowered to Execute, to name a few.. ThunderCat placed 8th in the small business category. This is ThunderCat’s 10th time on the list.

“Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees,” said Eric Rubino, Energage CEO. “That’s something to be proud of. In today’s market, leaders must ensure they’re allowing employees to have a voice and be heard. That’s paramount. Top Workplaces do this, and it pays dividends.”

“Great teams are forged through trust, strengthened through challenge, and united by purpose. We don’t always agree, but we always rally around shared values, mutual respect, and a commitment to achieving goals that are bigger than any one individual. We are honored to be on this list and our leaders focus on ensuring all players here find this a rewarding and fun place to work where we truly care about one another and not just the mission. We recruit, hire, and retain only the best. ThunderCat consists of experienced professionals with a long track record of successful client-centric sales approaches, and we are all committed to customer service. ThunderCat employees are TCAT: T – Trusted, C – Committed, A – Accountable, and T – Talented,” said Tom Deierlein, CEO of ThunderCat Technology.

ABOUT THUNDERCAT TECHNOLOGY
Currently ranked #48 on the Solution Provider 500, the award winning ThunderCat Technology is a Service-Disabled Veteran-Owned Small Business (SDVOSB) that delivers technology products and services to government organizations, educational institutions, and commercial companies. Led by a combat-wounded CEO, ThunderCat is a systems integrator that brings an innovative approach to solving customer problems in and around the datacenter by providing strategies for Data Storage, Networking, Cyber Security, AI and Cloud Transformations. A proven leader, ThunderCat Technology provides and optimizes technologies from best of breed manufacturers. Clients include DOD, DHS, VA, FBI, State of Virginia, State of NY, Sony, Howard University, and TriWest. www.thundercattech.com

ABOUT ENERGAGE
Making the world a better place to work together.TM

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 20 years of culture research and the results from 30 million employees surveyed across more than 80,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

View original content:https://www.prnewswire.com/news-releases/wtop-news-names-thundercat-technology-a-winner-of-the-greater-washington-area-top-workplaces-2026-award-302805504.html

SOURCE ThunderCat Technology

Continue Reading

Trending