Spiers New Technologies Inc
How we got $25.1M
Based on its 62 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 12% 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
▲ 3% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 62 | $36.0M |
| 2020 | Form 5500 | 51 | $29.6M |
| 2021 | Form 5500 | 64 | $37.1M |
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 |
|---|---|---|
| SPIERS NEW TECHNOLOGIES INC this business | $42.4M | — |
| SPECTRO WIRE & CABLE, INC. Moore · 16 employees | $9.5M | 1.2 mi |
| STOLZ TELECOM LLC Oklahoma City · 14 employees | $7.2M | 1.3 mi |
| CMP CORPORATION Oklahoma City · 68 employees | $36.8M | 2.4 mi |
| IBALL INSTRUMENTS LLC Moore · 3 employees | $3.3M | 2.6 mi |
| T & B OUTLET INC Oklahoma City · 1 employees | $754K | 4.8 mi |
| GAS & ELECTRICAL EQUIPMENT COMPANY Oklahoma City · 14 employees | $7.1M | 8.9 mi |
The full calculation
| Employees reported to the SBA | 62 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $43.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $32.0M |
| Estimate: the two combined (geometric mean) | $42.4M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $4.3M |
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 | $25.1M |
| Multiple for this size and industry | 5.8× |
| Value range | $13.2M – $34.3M |
| Revenue range | $27.9M – $48.3M |
| EBITDA range | $2.8M – $4.9M |
| Industry (NAICS) | Battery Manufacturing (335911) |
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. 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
- BankingChickasaw Community BankPPP / 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
| Chickasaw Community Bank PPP 2020, PPP 2021 | All 317 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $802K | 62 |
| 1/15/2021 | second | $802K | 57 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spiers New Technologies Inc
Spiers New Technologies Inc is a battery manufacturing company in Oklahoma City, Oklahoma, in business since 2015. It is owned by Dirk Spiers (Founder). Its estimated annual revenue is about $42.4M, with roughly $4.3M of EBITDA. It has about 64 employees. Its estimated business value is $25.1M (likely range $13.2M–$34.3M).
Common questions
- Who owns Spiers New Technologies Inc?
- Spiers New Technologies Inc is owned by Dirk Spiers (Founder), according to public sources such as the company's website or filings.
- How much revenue does Spiers New Technologies Inc make?
- SeeBITDA estimates Spiers New Technologies Inc's annual revenue at about $42.4M (likely between $27.9M and $48.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spiers New Technologies Inc worth?
- About $25.1M, roughly 5.8× its estimated EBITDA of $4.3M, typical for a battery manufacturing company its size. Likely range: $13.2M–$34.3M.
- How many employees does Spiers New Technologies Inc have?
- About 64, from its 2021 retirement-plan filing.
- When was Spiers New Technologies Inc founded?
- Spiers New Technologies Inc has been in business since 2015.