American Science and Engineering, a leader in X-ray detection technology, announced today that FORTUNE Small Business has ranked the Company number 61 in this yearâ€™s list of Fastest Growing Small Public Companies.
"We appreciate this honor from FORTUNE Small Business," said Anthony R. Fabiano, President and CEO of AS&E. "In this fiscal year, we concentrated on increasing our pipeline of global opportunities, and thus boosted international revenue by 43 percent â€” with sizable revenue increases from key regions around the world including the Middle East, Africa, South America, and Europe. We continue to focus on providing leading edge technologies to assist governments and corporations worldwide to combat terrorism, drug and weapons smuggling, and trade fraud."
The FORTUNE Small Business 100 list, now in its 8th year, ranks public companies with revenues of less than $200 million and a stock price of more than $1. All companies that meet these criteria are ranked, 1 â€“ 100, by their three-year annualized rates of revenue growth, EPS growth, and total return to investors. FORTUNE Small Business calculated a log linear growth rate of trailing four quarters EPS and revenue over a three-year period, through the quarter ended on or before Feb. 29, 2008. Total return to investors is calculated for the three-year period ended Dec. 31, 2007.