RENTRAK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended March 31,
2005 2004
Revenues  $           98,537,575  $        78,132,413
Operating Expenses:
   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
Income from operations                  8,357,635               1,684,621
Other Income (expense):
   Interest income                     332,688                  244,252
   Interest expense                      (10,535)                   (11,584)
                    322,153                  232,668
Income before income taxes                  8,679,788               1,917,289
Provision for income taxes                  3,437,339                  478,896
Income from continuing operations                  5,242,449               1,438,393
Loss from discontinued operations, net of
  tax benefit of $0 and $78,850                                  -                 (128,649)
Net income  $             5,242,449  $           1,309,744
Net Income per share:
    Basic  $                       0.52  $                     0.14
    Diluted   $                       0.49  $                     0.13
The accompanying notes are an integral part of these condensed consolidated statements.