| 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, | ||||||||||||
| 2009 | 2008 | 2009 | 2008 | ||||||||||
| Revenue | $ | 23,110 | $ | 22,973 | $ | 66,070 | $ | 72,653 | |||||
| Cost of sales | 16,509 | 15,752 | 43,648 | 48,915 | |||||||||
| Gross margin | 6,601 | 7,221 | 22,422 | 23,738 | |||||||||
| Operating expenses: | |||||||||||||
| Selling and administrative | 7,795 | 6,701 | 22,704 | 20,136 | |||||||||
| Provision for doubtful accounts and notes | 119 | 45 | 417 | 167 | |||||||||
| 7,914 | 6,746 | 23,121 | 20,303 | ||||||||||
| Income (loss) from operations | (1,313) | 475 | (699) | 3,435 | |||||||||
| Other income: | |||||||||||||
| Interest income, net | 509 | 388 | 1,014 | 762 | |||||||||
| Income (loss) before income taxes | (804) | 863 | 315 | 4,197 | |||||||||
| Provision (benefit) for income taxes | (225) | (375) | (64) | 1,081 | |||||||||
| Net income (loss) | $ | (579) | $ | 1,238 | $ | 379 | $ | 3,116 | |||||
| Basic net income (loss) per share | $ | (0.05) | $ | 0.12 | $ | 0.04 | $ | 0.29 | |||||
| Diluted net income (loss) per share | $ | (0.05) | $ | 0.11 | $ | 0.03 | $ | 0.28 | |||||
| Shares used in per share calculations: | |||||||||||||
| Basic | 10,565 | 10,538 | 10,499 | 10,587 | |||||||||
| Diluted | 10,565 | 10,994 | 10,994 | 11,104 | |||||||||