It's news with sticking power, so when the Orange County Business Journal ranked BIOLASE as 25th fastest growing public company for 2012 it means BIOL is a growth company. They cited BIOL's strong revenue growth for the preceding two years. Bear in mind the rating predates the impressive fourth quarter blow out recently reported.
I care more about where it's going, than where it's been, and the last few years say the captian has righted the ship. All aboard, it's time to set sail!
LOL, jump in share price doesn't make a "growth company." Biolase has yet to "grow" to the ross sales numbers it posted 5 years ago. Most growth companies also make money. Biolase has failed to accomplish this in 30 of the last 32 quarters and Freddie laid the ground work for more loses in 1Q13. Can losing near $85M make a "growth" company?
I know, "2nd place is reserved for the first loser". This isn't that kind of game, but it does bring up an interesting point; what is 25th? I don't know the criteria of the litmus they used, but being 25th in a group of 60,000+ public companies puts you in the top 4% of the top 1%. Maybe they just used 15,000 U.S. public companies? Still way a head of the pack. Let's go with a worst case scenario of 5,000 U.S. public companies that are listed on an exchange. In that case, 25th would still place you in the top 1/2 of 1% of the fastest growing companies. Not too shabby BIOL, way the set the grading curve high for the rest of the class.