Spectranetics Corp. has made Fortune magazine’s annual list for a third time - a list of the nation’s fastest-growing small companies published by its small business sibling rather than the better-known list of 500 largest U.S. corporations.
The Colorado Springs-based medical laser manufacturer ranked 33rd in the Fortune Small Business 100 list published in the magazine’s July-August issue. Spectranetics ranked 62nd last year and 56th in 2006 among public companies with revenues of less than $200 million and a stock price of more than a $1 compiled by Zacks Investment Research Inc.
Spectranetics reported growth of more than 30 percent annually for the past three years in revenue, profit and total return to shareholders. The rankings are based on a composite of where the company ranks in growth of all three measures. No other Colorado Springs companies made the list. Dynamic Materials Corp. of Boulder, Health Grades Inc. of Golden, Mesa Laboratories Inc. of Lakewood and Royal Gold Inc. of Denver were ranked sixth, 35th, 62nd and 89th, respectively.
East Aurora, N.Y.-based aviation-parts manufacturer Astronics Corp., one of 24 manufacturing firms on the list, was ranked first.