SRC

OverviewSuggest Edit

SRC is a not-for-profit research and development company specializing in the areas of defense, environment, and intelligence. Its offering includes communication systems, cybersecurity, counter-UAS systems, electronic warfare, environmental health analysis, incurred sample reanalysis (ISR), life cycle management, manufacturing, operational integration, and radar and sensors. The company primarily serves federal and state governments, military services, and industry.
TypePrivate
Founded1957
HQSyracuse, NY, US
Websitesrcinc.com
Employee Ratings4.1

Latest Updates

Employees (est.) (May 2022)1,789(+4%)
Job Openings84
Revenue (FY, 2020)$374.7 M(-1%)
Cybersecurity ratingBMore
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Key People/Management at SRC

Kevin Hair

Kevin Hair

President, CEO & Board Trustee
Philip Fazio

Philip Fazio

Executive Vice President, Finance; Chief Financial Officer
Stephen Davies

Stephen Davies

Chairperson & General Manager, SRC UK Ltd
James F. Holland

James F. Holland

Executive Vice President, Enterprise Services
Mary L. Snyder

Mary L. Snyder

Executive Vice President, General Counsel
Joseph T. Lauko

Joseph T. Lauko

Executive Vice President, Operations & Chief Operating Officer
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SRC Office Locations

SRC has offices in Syracuse, Arlington, Charlottesville, East Syracuse and in 9 other locations
Syracuse, NY, US (HQ)
7502 Round Pond Rd
Arlington, VA, US
2451 Crystal Dr
Charlottesville, VA, US
1001 Research Park Boulevard #210
East Syracuse, NY, US
6410 New Venture Gear Dr
Fairborn, OH, US
2900 Presidential Dr #230
Herndon, VA, US
13861 Sunrise Valley Dr Building 1, Suite 450
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SRC Financials and Metrics

Summary Metrics

Founding Date

1957

SRC total Funding

$112 k

SRC latest funding size

$47.06 k

Time since last funding

12 years ago

SRC investors

SRC's latest funding round in September 2010 was reported to be $47.1 k. In total, SRC has raised $112 k
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SRC Revenue

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View revenue for all periods
SRC's revenue was reported to be $374.68 m in FY, 2020 which is a 1.6% decrease from the previous period.
USD

Revenue (FY, 2020)

374.7m

Revenue growth (FY, 2019 - FY, 2020), %

(1.6%)

Gross profit (FY, 2020)

151.0m

Gross profit margin (FY, 2020), %

40.3%

Net income (FY, 2020)

5.0m

EBIT (FY, 2020)

(2.4m)

Cash (30-Sept-2020)

18.8m
USDFY, 2018FY, 2019FY, 2020

Revenue

320.0m380.9m374.7m

Revenue growth, %

19%(2%)

Cost of goods sold

196.8m244.2m223.7m

Gross profit

123.2m136.8m151.0m
USDFY, 2018FY, 2019FY, 2020

Cash

37.3m27.7m18.8m

Accounts Receivable

26.5m29.9m52.1m

Inventories

69.5m71.1m78.4m

Current Assets

373.0m360.7m374.5m
USDFY, 2018FY, 2019FY, 2020

Net Income

21.1m(405.6k)5.0m

Depreciation and Amortization

6.1m7.4m9.5m

Inventories

(43.7m)(1.5m)(9.0m)

Accounts Payable

4.1m5.8m(33.1k)
USDFY, 2018

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.2 x
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SRC Operating Metrics

Jul, 2021Dec, 2021

Patent Applications (US)

70

Patents (US)

73

Trademarks (US)

26

Types of Services

33

SRC Acquisitions / Subsidiaries

Company NameDateDeal Size
Saze Technologies, LLC
Srctec, LLC
SRC Ventures, Inc.

SRC Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

SRC Online and Social Media Presence

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SRC News and Updates

SRC Awarded Contract to Work on Novel Neuromorphic Processing Technology

SRC, Inc., has been awarded a contract by the Air Force Research Laboratory (AFRL) Information Directorate to develop Neuromorphic On-Chip Autonomous Learning (NOCAL) capabilities.

SRC Roof Guard™ Technology Wins at RCCTO Innovation Day

SRC Inc.’s Roof Guard™ counter-Intelligence Surveillance and Reconnaissance (ISR) System is one of twelve entries moving forward for capability refinement and possible rapid prototyping from the Army’s Rapid Capabilities and Critical Technologies Office (RCCTO).

SRC Frequently Asked Questions

  • When was SRC founded?

    SRC was founded in 1957.

  • Who are SRC key executives?

    SRC's key executives are Kevin Hair, Philip Fazio and Stephen Davies.

  • How many employees does SRC have?

    SRC has 1,789 employees.

  • What is SRC revenue?

    Latest SRC annual revenue is $374.7 m.

  • What is SRC revenue per employee?

    Latest SRC revenue per employee is $209.4 k.

  • Who are SRC competitors?

    Competitors of SRC include Bosch Security and Safety Systems, Frequentis and Scientific Research.

  • Where is SRC headquarters?

    SRC headquarters is located at 7502 Round Pond Rd, Syracuse.

  • Where are SRC offices?

    SRC has offices in Syracuse, Arlington, Charlottesville, East Syracuse and in 9 other locations.

  • How many offices does SRC have?

    SRC has 16 offices.