In September 2007 Aspen announced results for its fiscal year ended June 30, 2007. For the fiscal year, Aspen reported revenues of $4,418,000, a decrease of 18%, as compared to the year-earlier period revenues of $5,401,000, and net after tax profit of $925,000, or $0.13 per diluted share compared to $2,970,000 a year earlier, or $0.40 per diluted share. Net income before interest, taxes, depletion, depreciation and amortization decreased 35% to $3,597,000, or $0.49 per diluted share, compared to $5,570,000, or $0.75 per diluted share for the prior twelve month period. Aspen had pre-tax income of $1,541,000, or $0.21 per diluted share, compared to pre-tax income of $4,007,000, or $0.54 per diluted share, for the prior twelve month period.
In November 2007 Aspen announced results for its first quarter ended September 30, 2007. For the quarter, Aspen reported revenues of $1,221,000, an increase of 27%, as compared to the year-earlier period revenues of $963,000, and net after tax profit of $150,000, or $0.02 per diluted share compared to $271,000 a year earlier, or $0.04 per diluted share. Net income before interest, taxes, depletion, depreciation and amortization increased 29% to $866,000, or $0.12 per diluted share, compared to $670,000, or $0.09 per diluted share for the prior three month period.
Aspen reported that in the September 17, 2007 issue of the Oil & Gas Journal (OGJ), Aspen was ranked 12th Fastest Growing company for 2006 based on percentage growth in stockholders’ equity. Aspen was one of only six companies (out of 144 companies on the list) that were on the fast-growers list for at least the second consecutive year. The OGJ annually ranks U.S. based, publicly-traded oil and gas producers in its "OGJ200" article. Although primarily ranked in terms of assets, companies are additionally ranked on eleven other benchmarks including the fastest growing category. Aspen was ranked 8th based on return on total revenue and 115th in terms of assets (up from 120th last year).
Additionally, in the October 2006 issue of the Denver Business Journal Aspen was ranked as the Second Fastest-Growing Colorado public company.