Printful records more than $100 million in revenue for 2019

Privately held Printfulannounced, in 2019, it reached $116-million in revenue, compared to $77.4 million in 2018. The company opened an office in Spain and expanded its fulfillment centers in the United States and Latvia. Printful has now grown to a team of more than 800 people, the company said, including production specialists, sales and marketing experts, customer support specialists, developers, machine operators, designers, new product developers, sewing machine operators, and others.

To grow faster in Western Europe, in 2019 Printful opened an office in Barcelona, Spain, with a nearby fulfillment center close to Barcelona. The Printful website and customer support is also available in Spanish. Since the launch of the website in Spanish, revenue from orders in Spain has increased by 121%. Last year, the company launched its website and customer support in Japanese as well, making it possible to complete payments in Japanese yen, according to Printful.

Last year, the Charlotte, NC facility was expanded by 52,990 sq. ft. and the facility in Latvia was moved to a new, modern industrial park. Currently, the total area of the facilities in the US, Mexico, Spain, and Latvia has reached nearly 269 thousand sq. ft. Recently, a new facility was opened in the Barcelona region, and is currently working in test mode.

During the past year, Printful has implemented multiple new e-commerce integrations with Bonanza, Magento, Wish, and Wix, which means Printful currently offers automated integrations with 20 e-commerce platforms.

In 2019, Printful added 59 new items to its product catalog – blankets, stickers, jackets, vintage hats, all-over print fanny packs, hoodies, joggers and more – bringing current offerings to more than 230 products for printing, embroidery, or engraving. Last year, Printful reached the goal of printing 10 million products; currently, Printful facilities have fulfilled more than 18 million products.

In 2019, the company made the Inc.com list ​The Most Successful Companies in America​ that ranks the 5,000 fastest-growing companies in the US. Printful ranked #564 with a 786% growth increase.

“We have proved ourselves a sustainable, ever-growing business that follows the current ecommerce trends. We work with great care because our customers trust us with what they value the most—their own customers. We’ve helped grow many successful ecommerce stores, and many brands rely on us to create their products,” states Davis Siksnans, the co-founder and CEO of Printful. “Printful management is following the guidance from the local and global authorities to ensure the health and safety of the employees. Even though adapting to new adjustments during the pandemic has created a noticeable decline for many businesses, Printful is experiencing order volume that can typically be seen during our peak sales period—Black Friday and Cyber Monday.”

Printful is also opening a 2,900-square-foot plant in Mississauga, Ontario, set to begin production by this fall, according to Mississauga.com.