Advanced Ultrasound Electronics, Inc.
How we got $3.1M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 25 years (since 2001)
- Founder still runs it after 25 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Advanced Ultrasound Systems is a Tulsa-based one-stop shop for ultrasound systems, parts, probes, full repair and hands-on training. It handles any make or model, from routine maintenance to component-level repair.
From the company's website. Industry: Electronic and Precision Equipment Repair and Maintenance.
Customers & suppliers
Customers
- Oklahoma Hospital Association · named on its website
- Phoenix Children's Hospital · named on its website
- The Sentinel Imaging Group Inc · named on its website
- St. John's Medical Center · named on its website
- St. Francis Hospital · named on its website
- Vitalsound · named on its website
Suppliers & brands
- GE Healthcare · brand it sells or installs
- Draminski · brand it sells or installs
- Fujifilm · brand it sells or installs
- Honda · brand it sells or installs
- Mindray · brand it sells or installs
- Philips · brand it sells or installs
- SonoSite · brand it sells or installs
Estimated value over time
▼ 5% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 20 | $3.1M |
| 2020 | Form 5500 | 11 | $1.7M |
| 2022 | Form 5500 | 11 | $1.7M |
| 2023 | Form 5500 | 12 | $1.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ADVANCED ULTRASOUND ELECTRONICS, INC. this business | $7.3M | — |
| SOONER LOCK & KEY INC Tulsa · 6 employees | $1.9M | 0.8 mi |
| THOMPSON DIESEL INC. Tulsa · 18 employees | $5.7M | 1.8 mi |
| VIC TECH LLC Tulsa · 1 employees | $197K | 2.0 mi |
| DNR SERVICE L.L.C. Tulsa · 10 employees | $2.5M | 2.1 mi |
| REPAIR ARMY, LLC Tulsa · 1 employees | $346K | 2.2 mi |
| VALKYRIE TECHNOLOGIES LLC Tulsa · 4 employees | $1.5M | 2.4 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.7M |
| Estimate: the two combined (geometric mean) | $7.3M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $826K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $3.1M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.7M – $4.3M |
| Revenue range | $4.8M – $8.3M |
| EBITDA range | $543K – $941K |
| Industry (NAICS) | Electronic and Precision Equipment Repair and Maintenance (811219) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Founded in 2001 by John Hryshchuk, Advanced Ultrasound Systems was among the first companies created to specialize in ultrasound repair that included the use of dedicated testbeds for functionality testing and full diagnostics support.”
Leadership
- KWKirk WrightNational Sales Manager · Company website · source
- JRJim RicknerDirector of Service & Training · Company website · source
Advisors
- BankingBOKF, National AssociationPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $296K | 19 |
| 1/26/2021 | second | $256K | 20 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Advanced Ultrasound Electronics, Inc.
Advanced Ultrasound Electronics, Inc. is an electronic and precision equipment repair and maintenance company in Tulsa, Oklahoma, in business since 2001. It is owned by John Hryshchuk (Founder | CEO). Its estimated annual revenue is about $7.3M, with roughly $826K of EBITDA. It has about 12 employees. Its estimated business value is $3.1M (likely range $1.7M–$4.3M).
Common questions
- Who owns Advanced Ultrasound Electronics, Inc.?
- Advanced Ultrasound Electronics, Inc. is owned by John Hryshchuk (Founder | CEO), according to public sources such as the company's website or filings.
- How much revenue does Advanced Ultrasound Electronics, Inc. make?
- SeeBITDA estimates Advanced Ultrasound Electronics, Inc.'s annual revenue at about $7.3M (likely between $4.8M and $8.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Advanced Ultrasound Electronics, Inc. worth?
- About $3.1M, roughly 3.8× its estimated EBITDA of $826K, typical for a electronic and precision equipment repair and maintenance company its size. Likely range: $1.7M–$4.3M.
- How many employees does Advanced Ultrasound Electronics, Inc. have?
- About 12, from its 2023 retirement-plan filing.
- When was Advanced Ultrasound Electronics, Inc. founded?
- Advanced Ultrasound Electronics, Inc. has been in business since 2001.
- Is Advanced Ultrasound Electronics, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 25 years (since 2001); founder still runs it after 25 years; no family successor named on its website.