2022 YEAR IN REVIEW

Jan 10, 2023 | Company News | 0 comments

"

2022 was a big year for Circle Optics! We grew in a lot of significant ways and made progress towards a number of our organizational goals. 

Job Growth

We added 4 new team members, 3 of which fit with our commitment to increasing DEI at the company. These new team members bring loads of experience and know-how which will allow us to further our offerings. We also had our first staff member retire. We don’t see this as a negative but rather a point of pride that they wanted to spend the last 3-years of their career at our company. 

Contracts

In 2022, we won nearly $3M in new contracts from agencies within the Federal government. These projects will fund our development and growth into 2023. 

rEVENUE

For the first time ever, we surpassed $1m in gross revenue in 2022!

This is a testament to the value our value our technology brings. 

PARTNERSHIPS

We continue to look for synergistic ways to grow. In 2022, we signed an MOU with UK based Archangel Imaging, $1M winner of GENIUS NY cohort 6, to advance our BVLOS offering. Archangel designs the navigation software we plan to pair with our advanced hardware platform in 2023.  

NeW OFFICE

In August, we moved to a new office. It wasn’t a long move, just across the hall from our old one, but its nearly twice the space we previously had and allowing us to best support our growing team and foster a collaborative, innovative environment. 

FUNDRAISING

Finally, in December, we kicked off a Community Round to help to accelerate our UAV system development. This round will continue into the new year and is not just meant to benefit our company, but to allow those who have supported us along the way but have been unable to participate in investing to do so through the WeFunder platform. 

We plan to build on the success of this year in 2023 by continuing to expand our product offerings and grow our team. 

COO, Ian Gauger

Related Posts

Subscribe to
360° Pulse

Stay connected to Circle updates, innovation insights, and industry thought leadership.