| RENTRAK CORPORATION |
|
| CONSOLIDATED
STATEMENTS OF OPERATIONS |
|
|
|
|
(UNAUDITED) |
|
|
Nine Months Ended December 31,
2002 |
|
|
ENTERTAINMENT |
|
FULFILLMENT |
|
TOTAL |
|
| REVENUES: |
|
|
|
|
|
|
| PPT |
$ 50,697,581 |
|
$ - |
|
$ 50,697,581 |
|
|
Other |
2,618,240 |
|
12,786,135 |
(1) |
13,784,172 |
|
|
|
|
|
|
| REVENUES |
$ 53,315,821 |
|
$ 12,786,135 |
(1) |
$ 64,481,753 |
|
|
|
|
|
|
| OPERATING COSTS AND EXPENSES: |
|
|
|
|
| Cost of sales |
41,764,674 |
(1) |
13,186,472 |
|
53,330,943 |
|
| Selling, general, and administrative |
9,500,216 |
|
1,799,429 |
|
11,299,645 |
|
| Net gain from litigation settlement |
(361,847) |
|
- |
|
(361,847) |
|
| Asset Impairment |
- |
|
- |
|
- |
|
|
|
|
|
|
|
50,903,043 |
|
14,985,901 |
|
64,268,741 |
|
|
|
|
|
|
| INCOME (LOSS) FROM OPERATIONS |
2,412,778 |
|
(2,199,766) |
|
213,012 |
|
|
|
|
|
|
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest income |
82,854 |
|
- |
|
82,854 |
|
| Interest expense |
- |
|
- |
|
- |
|
| Gain (Loss) on sale of investments |
- |
|
- |
|
- |
|
| Gain on Rentrak Japan transaction |
- |
|
- |
|
- |
|
|
82,854 |
|
- |
|
82,854 |
|
| INCOME (LOSS) FROM CONTINUING |
|
|
|
|
| OPERATIONS BEFORE INCOME TAX |
|
|
|
|
| PROVISION (BENEFIT) |
2,495,632 |
|
(2,199,766) |
|
295,866 |
|
|
|
|
|
|
| INCOME TAX PROVISION (BENEFIT) |
948,341 |
|
(835,912) |
|
112,429 |
|
|
|
|
|
|
| INCOME (LOSS) FROM CONTINUING |
|
|
|
|
| OPERATIONS |
1,547,291 |
|
(1,363,854) |
|
183,437 |
|
|
|
|
|
|
| LOSS FROM DISCONTINUED |
|
|
|
|
| OPERATIONS, NET OF TAX BENEFIT |
|
|
|
|
| OF $304,367 |
(496,599) |
|
- |
|
(496,599) |
|
|
|
|
|
|
| NET
INCOME (LOSS) |
$ 1,050,692 |
|
$ (1,363,854) |
|
$ (313,162) |
|
|
|
|
|
|
| NET INCOME (LOSS) PER SHARE: |
|
|
|
|
| Basic: |
|
|
|
|
Continuing operations |
$ 0.16 |
|
$ (0.14) |
|
$ 0.02 |
|
| Discontinued operations |
(0.05) |
|
-
|
|
(0.05) |
|
| Total |
$
0.11 |
|
$ (0.14) |
|
$ (0.03) |
|
| Diluted: |
|
|
|
Continuing operations |
$ 0.16 |
|
$ (0.14) |
|
$ 0.02 |
|
| Discontinued operations |
(0.05) |
|
-
|
|
(0.05) |
|
| Total |
$
0.11 |
|
$ (0.14) |
|
$ (0.03) |
|
|
|
|
|
|
| (1)
- Includes Intercompany transactions
of $1,620,203, which are eliminated in consolidated total amounts. |
|
|
|
|
|
|
|
|
|
|
|
|
|