RENTRAK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
	Dec 31		March 31,
	2004		2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$      18,210,464		$        8,735,683
Accounts receivable, net of allowance for doubtful
accounts of $935,256 and $839,122	15,850,554		15,389,867
Advances to program suppliers, net of program
supplier reserves of $4,326,284 and $4,520,759	1,709,436		4,188,222
Income tax receivable	87,435		68,384
Deferred tax asset	1,772,387		2,262,186
Other current assets	1,059,910		1,160,952
Total current assets	38,690,186		31,805,294
PROPERTY AND EQUIPMENT, net	3,038,507		2,466,668
DEFERRED TAX ASSET	208,566		1,099,660
OTHER ASSETS	962,829		831,617
TOTAL ASSETS	$      42,900,088		$      36,203,239
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$      12,395,974		$      15,446,818
Accrued liabilities	1,411,726		889,377
Accrued compensation	1,114,541		598,875
Deferred revenue	445,250		237,575
Total current liabilities	15,367,491		17,172,645
LONG-TERM LIABILITIES:
Lease obligations and deferred gain	101,718		234,922
COMMITMENTS AND CONTINGENCIES	-		-
STOCKHOLDERS' EQUITY:
Preferred stock, $.001 par value;
Authorized:  10,000,000 shares, none issued	-		-
Common stock,  $.001 par value;
Authorized:  30,000,000 shares
Issued and outstanding: 10,297,776 shares
at Sept 30, 2004 and 9,739,537 at
March 31, 2003	10,298		9,740
Capital in excess of par value	45,245,936		41,093,976
Accumulated other comprehensive income	180,879		180,879
Accumulated deficit	(18,006,234)		(22,488,923)
Total stockholders' equity	27,430,879		18,795,672
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$      42,900,088		$      36,203,239
The accompanying notes are an integral part of these consolidated statements.