Litmus announces record 2022 results and projects 150% growth in 2023
Summary
Litmus, an edge platform for industrial operations, announced today another year of record growth in 2022 across all areas of the business. As manufacturers increasingly turn to Litmus to make Industry 4.0 gains by collecting, normalizing, and making business decisions based on their data, the company has realized on average a 100% revenue increase year-over-year for the past three years with continued growth expected to exceed 200% in 2023. This industry milestone means asset modeling and instances of digital twins working on the same platform for manufacturers. In 2022, Litmus solutions were also white-labeled and OEMed by Fortune 500 companies including Google Cloud, Dell Technologies, Belden and more. 150% Growth Projected for 2023 “While 2022 was a record year for our company in many ways, our plans for 2023 are even more aggressive,” continued Shah.
