Long Wave, Inc.
How we got $37.8M
Based on its 76 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 28 years (since 1998)
- Founder still runs it after 28 years
From public records and the company's website, not a statement that it's for sale.
What they do
From the company's website. Industry: Information.
Customers & suppliers
Customers
- Department of the Navy · federal contracts $72.2M
- Department of the Air Force · federal contracts $65.0M
- U.S. Coast Guard · federal contracts $1.0M
- Federal Emergency Management Agency · federal contracts $971K
- U.S. Fish and Wildlife Service · federal contracts $172K
- United States Navy · named on its website
- United States Air Force · named on its website
- United States Coast Guard · named on its website
- Federal Emergency Management Agency (FEMA) · named on its website
- Homeland Security · named on its website
- Center of Naval Aviation Technical Training (CNATT) Detachment Tinker AFB · named on its website
Estimated value over time
▲ 2% 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
▲ 103% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 76 | $29.2M |
| 2020 | Form 5500 | 94 | $36.1M |
| 2021 | Form 5500 | 104 | $40.0M |
| 2022 | Form 5500 | 105 | $40.4M |
| 2023 | Form 5500 | 116 | $44.6M |
| 2024 | Form 5500 | 154 | $59.2M |
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 |
|---|---|---|
| LONG WAVE, INC. this business | $36.6M | — |
| MOTIVE INC Oklahoma City | $15.0M | 3.1 mi |
| RFX SOLUTIONS, INC Oklahoma City | $8.9M | 3.6 mi |
| DATARAY, INC. Oklahoma City · 9 employees | $4.0M | 4.0 mi |
| ELM TREE SYSTEM, LLC Oklahoma City · 6 employees | $2.7M | 8.4 mi |
| EASY TIME CLOCK INC Oklahoma City · 7 employees | $2.8M | 9.4 mi |
| STOUT SOFTWARE LLC Oklahoma City · 2 employees | $1.3M | 9.5 mi |
The full calculation
| Employees reported to the SBA | 76 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $28.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $35.5M |
| Estimate: the two combined (geometric mean) | $36.6M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $5.8M |
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 | $37.8M |
| Multiple for this size and industry | 6.5× |
| Value range | $19.9M – $51.8M |
| Revenue range | $24.0M – $41.7M |
| EBITDA range | $3.8M – $6.6M |
| Industry (NAICS) | Information (511210) |
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
History & advisors
Advisors
- AccountingHogan TaylorAudits its 401(k) plan (2022 filing)
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $1.4M | 70 |
| 4/7/2020 | first | $251K | 9 |
| 1/26/2021 | second | $1.4M | 76 |
| 1/30/2021 | second | $251K | 16 |
2 locations
| 1111 N. Lee Ave Suite 334 | Oklahoma City | This listing |
| 115 E California Ave Ste 400 | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Long Wave, Inc.
Long Wave, Inc. is an information company in Oklahoma City, Oklahoma, in business since 1998. It is owned by Phil Miller (Founder). Its estimated annual revenue is about $36.6M, with roughly $5.8M of EBITDA. It has about 154 employees. Its estimated business value is $37.8M (likely range $19.9M–$51.8M). It has 2 locations.
Common questions
- Who owns Long Wave, Inc.?
- Long Wave, Inc. is owned by Phil Miller (Founder), according to public sources such as the company's website or filings.
- How much revenue does Long Wave, Inc. make?
- SeeBITDA estimates Long Wave, Inc.'s annual revenue at about $36.6M (likely between $24.0M and $41.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Long Wave, Inc. worth?
- About $37.8M, roughly 6.5× its estimated EBITDA of $5.8M, typical for a information company its size. Likely range: $19.9M–$51.8M.
- How many employees does Long Wave, Inc. have?
- About 154, from its 2024 retirement-plan filing.
- When was Long Wave, Inc. founded?
- Long Wave, Inc. has been in business since 1998.
- Is Long Wave, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 28 years (since 1998); founder still runs it after 28 years.