Fortune Small Business

FSB 100 

America's fastest-growing small public companies

Palomar Medical Technologies
Rank: 8 (Previous rank: 3)
Get quote: PMTI
Industry: Healthcare Admin
CEO: Joseph P. Caruso, CEO, President & Director
Headquarters: Burlington, MA
Employees: 210
It's hair today, gone tomorrow, thanks to Palomar, which develops and makes lasers for noninvasive cosmetic procedures, such as hair removal, skin rejuvenation and treating vascular lesions. Last year, a home-use laser hair removal gizmo it developed for Gillette became the first such device to receive FDA approval.
Palomar Medical Technologies
Revenue (millions, 2006) $126.5
Revenue growth (3-year annualized) 50.47%
Annual net income (millions, 2006) $53.0
Earnings per share growth (3-year annualized) 120.04%
Return for investors (3-year annualized) 68.88%
Source: Zacks
From the July/August 2007 Issue of FSB magazine
An earlier version of this table had incorrect revenue and net income numbers for some of the companies. regrets the error.
Industry: Healthcare Admin
ADAM 42 16.5
American Medical Alert 99 30.8
Computer Programs & Systems 100 116.0
MEDTOX Scientific 54 69.8
Palomar Medical Technologies 8 126.5
Quality Systems 41 119.3
Spectranetics 62 63.5
Streamline Health Solutions 92 16.1
United Therapeutics 22 159.6
Vital Images 85 70.5
FSB 100 Headquarters
FSB 100 Companies 2007
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Show FSB 100 Companies:
Top companies by revenue growth
Arena Resources 164.2%
Delta Petroleum 91.5%
Smith Micro Software 88.7%
FSB 100 by state
These states are headquarters for the highest number of America's fastest-growing small public companies
Texas 15
California 11
New York 10
Richest executives
Call them mini-Buffetts: the executives who hold major stakes in their companies on the FSB 100 list.
Corbin J. Robertson, Jr. Natural Resource Partners 173.4
John Farahi Monarch Casino & Resort 73.9
Nicholas Csendes Ansoft 61.5
How we pick the FSB 100
In our seventh annual list, we once again asked financial research firm Zacks to rank public companies with revenues of less than $200 million and a stock price of more than $1, based on their percentage growth in earnings, revenue, and stock performance over the past three years. (Banks, real estate firms and adult entertainment companies were excluded.) If you have further questions about the FSB 100, please e-mail
Lessons from the fastest
What does it take to catapult your company onto the FSB 100? Innovation and persistence, of course. But this year it also helped if you worked in industrial manufacturing. Although conventional wisdom holds that U.S. factories are trapped in a death spiral thanks to cheap overseas labor, a quarter of our fast-growth all-stars are finding creative ways to thrive in the bent-metal sector, up from 3 percent in 2003. Another 21 companies are building profitable niches in health care, selling everything from new drugs to remote patient monitors. Tech plays round out the top three categories, with 18 companies providing a smorgasbord of software and semiconductor products. (more)
How we pick the 25 richest executives
Equilar, an executive-compensation research firm in San Mateo, Calif., reviewed proxy statements for firms on the FSB 100 list. When the shares owned outright and vested options are factored in, these 25 executives have the most bling.