| Rentrak Corporation and Subsidiaries | ||||||||
| Condensed Consolidated Income Statements | ||||||||
| (Unaudited) | ||||||||
| (In thousands, except per share amounts) | ||||||||
| For the Three Months Ended December 31, | For the Nine Months Ended December 31, | |||||||
| 2008 | 2007 | 2008 | 2007 | |||||
| Revenue | $ | 22,973 | $ | 23,875 | $ | 72,653 | $ | 70,890 |
| Cost of sales | 15,752 | 16,937 | 48,915 | 47,827 | ||||
| Gross margin | 7,221 | 6,938 | 23,738 | 23,063 | ||||
| Selling and administrative | 6,746 | 6,319 | 20,303 | 19,036 | ||||
| Income from operations | 475 | 619 | 3,435 | 4,027 | ||||
| Other income (expense): | ||||||||
| Interest income | 388 | 399 | 764 | 1,216 | ||||
| Interest expense | - | (3) | (2) | (7) | ||||
| 388 | 396 | 762 | 1,209 | |||||
| Income before income taxes | 863 | 1,015 | 4,197 | 5,236 | ||||
| Provision (benefit) for income taxes | (375) | 468 | 1,081 | 2,331 | ||||
| Net income | $ | 1,238 | $ | 547 | $ | 3,116 | $ | 2,905 |
| Basic net income per share | $ | 0.12 | $ | 0.05 | $ | 0.29 | $ | 0.27 |
| Diluted net income per share | $ | 0.11 | $ | 0.05 | $ | 0.28 | $ | 0.26 |
| Shares used in per share calculations: | ||||||||
| Basic | 10,538 | 10,757 | 10,587 | 10,747 | ||||
| Diluted | 10,994 | 11,280 | 11,104 | 11,263 | ||||