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Below are interesting small-cap stocks on the NYSE and NASDAQ with the highest earnings growth.

BMB Munai Inc (AMEX: KAZ) has a 5-year earnings growth of 330.12% and the market cap of $50.9 million. KAZ shares have declined by 59.44% over the past 52 weeks.

Atmel Corporation (NASDAQ: ATML) has a 5-year earnings growth of 170% and the market cap of $1.68 billion. ATML shares are trading at a price significantly lower than their 52-week high of $4.69.

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In order to determine whether a company is worthy of an investment, it is important to understand exactly how it makes money. Only then can one understand a firm's business and financial risks. Often, however, the only way to do this is to dig deep into a company's financial statements, as firms are often not very forthcoming on the surface.  For example, Daxor Corporation (DXR) describes itself as a manufacturer of medical devices and provider of biotech services. Investors may believe they are buying a company with a competitive advantage, as DXR's flagship product, an FDA-approved blood-volume analyzer, appears to save hospitals time and money, and no competing products[More...]