RENTRAK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Nine Months Ended Dec. 31,
2004 2003
(Restated)
Revenues  $           75,151,870  $        53,901,964
Operating Expenses:
   Cost of sales               54,137,950             42,572,315
   Selling and administrative               13,901,834             12,302,997
              68,039,784             54,875,312
Income (loss) from operations                  7,112,086                 (973,348)
Other Income (expense):
   Interest income                     203,121                  163,892
   Interest expense                        (4,839)                   (10,240)
                    198,282                  153,652
Income (loss) before income taxes                  7,310,368                 (819,696)
Provision (benefit) for income taxes                  2,827,679                 (204,925)
Income from continuing operations                  4,482,689                 (614,771)
Loss from discontinued operations, net of
  tax benefit of $78,850                                  -                 (128,649)
Net income (loss)  $             4,482,689  $            (743,420)
Net Income (loss) per share:
    Basic  $                       0.46  $                   (0.08)
    Diluted   $                       0.43  $                   (0.08)
The accompanying notes are an integral part of these condensed consolidated statements.