Lambda Technologies

4.9★★★★★(14 reviews)

3929 Virginia Ave, Cincinnati, OH 45227

Cincinnati, Ohio, United States

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Business facts

Estimated annual revenue~$5.5M
Estimated employees~24
Estimated wage bill~$1.9M
In business since1977
Estimate based on strong signals

Area statistics (45227)

Population18,801
Median household income$65,100
Source: US Census ACS

About

Lambda Technologies Group brings decades of industrial laboratory research experience and unique analytical tools to optimize component-specific performance solutions. Founded in 1977, the company specializes in X-ray diffraction and materials testing, with a focus on residual stress measurement, texture analysis, and phase analysis of metallic and ceramic materials. The success of Lambda's patented low plasticity burnishing technology led to the development of a surface enhancement division, offering solutions to improve metal fatigue performance, eliminate stress corrosion cracking, improve damage tolerance, mitigate fretting fatigue, allow alloy substitution, and extend component life. With a focus on providing complete solutions, Lambda Technologies offers services through its Laboratory Services, Research & Engineering, and Surface Enhancement divisions.

Wheelchair Accessible
Parking, Restroom, Seating, Yes
Categories: Laboratory, Metal Finisher.
ISIC Codes: 2591, 7120.

Market analysis

Earning above its category median in a growing category (Laboratory).

EstimateCategory trend: 2024, +7.0%

Revenue trend (modeled)

~$4.4M2019
~$4.5M2020
~$4.9M2021
~$5.2M2022
~$5.5M2023
~$5.5M2024
Modeled from official industry statistics+4.3%/yr since 201980% confidence band: ±42%

Company profile

Incorporated2004
Employees (reported band)17
Observed

Property

Lot size1.10 acres
CountyHamilton
ObservedPublic assessor / cadastre record

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Laboratory in Ohio515~$1.9B~$3.7M~$1.3M4.5★4.2×
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure12 chains expanding in this category, led by Promedica Laboratories -Toledo, OSU QualLab, Eurofins (+3,180 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)156~$721.9M~$4.6M~$835.7K1,696~$160.2M6.6×
Professional, scientific and technical activities17~$105.8M~$6.2M269
Manufacturing5~$14.4M~$2.9M54

1 km area (all businesses): median from the 138 of 156 businesses with estimates

Estimate

Area conditions (45227)

Population18,801 ±1,076
Median household income$65,100 ±$5,106
Median home value$226,000
Bachelor's degree or higher0.5%
Unemployment rate0.0%
Source: US Census ACS
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