LYNNFIELD, Mass. (Sept. 14, 2004) — Tire recycler GreenMan Technologies Inc. placed No. 41 on Boston Business Journal's annual list of the 100 fastest-growing Boston-area companies.
The magazine based its rankings on corporate revenue growth between fiscal years 2001 and 2003, according to a GreenMan press release. GreenMan lost $336,000 in its third fiscal quarter of 2004, but that was 65 percent less than the $971,000 it lost in the third quarter of 2003. Company officials said they expect the firm to be back in the black by fiscal 2005, which begins Oct. 1 for GreenMan.