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| RENTRAK CORPORATION |
|
| CONSOLIDATED
STATEMENTS OF OPERATIONS |
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|
Year Ended
March 31, |
|
|
2005 |
|
2004 |
|
|
|
|
|
| Revenues |
$ 98,537,575 |
|
$ 78,132,413 |
|
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|
| Operating Expenses: |
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|
|
| Cost of sales |
70,053,996 |
|
60,090,493 |
|
|
Selling and administrative |
19,873,824 |
|
16,357,299 |
|
| Net loss from litigation settlement |
225,493 |
|
- |
|
| Asset impairment |
26,627 |
|
- |
|
|
90,179,940 |
|
76,447,792 |
|
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|
| Income from operations |
8,357,635 |
|
1,684,621 |
|
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|
| Other Income (expense): |
|
|
|
|
| Interest income |
332,688 |
|
244,252 |
|
| Interest expense |
(10,535) |
|
(11,584) |
|
|
322,153 |
|
232,668 |
|
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|
|
|
|
| Income before income taxes |
8,679,788 |
|
1,917,289 |
|
| Provision for income taxes |
3,437,339 |
|
478,896 |
|
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|
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|
| Income from continuing
operations |
5,242,449 |
|
1,438,393 |
|
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|
| Loss from discontinued
operations, net of |
|
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|
| tax benefit of $0 and $78,850 |
- |
|
(128,649) |
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|
| Net
income |
$ 5,242,449 |
|
$ 1,309,744 |
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|
| Net
Income per share: |
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|
|
|
| Basic |
$
0.52 |
|
$
0.14 |
|
| Diluted
|
$
0.49 |
|
$
0.13 |
|
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|
| The accompanying
notes are an integral part of these condensed consolidated statements. |
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