Rentrak Corporation and Subsidiaries
Condensed Consolidated Income Statements
(Unaudited)
(In thousands, except per share amounts)
 For the Three Months Ended March 31,  For the Twelve Months Ended March 31,
2008   2007 2008 2007
Revenue $  22,298  $  28,112 $  93,188  $  105,721
Cost of Sales  13,987  18,883  61,814    72,242
Gross Margin    8,311    9,229  31,374    33,479
Selling and administrative    6,647    6,949  25,683    25,188
Asset impairment        85         -          85           -  
   6,732    6,949  25,768    25,188
Income from operations    1,579    2,280    5,606      8,291
Other income (expense):
    Interest income       301       406    1,517      1,521
    Interest expense         (3)         (2)       (10)           (7)
    Other income       144         -         144           -  
      442       404    1,651      1,514
Income before income taxes    2,021    2,684    7,257      9,805
Provision for income taxes       332    1,109    2,663      3,918
Net income $    1,689  $    1,575 $    4,594  $      5,887
Basic net income per share $      0.16  $      0.15 $      0.43  $       0.55
Diluted net income per share $      0.15  $      0.14 $      0.41  $       0.53
Shares used in per share calculations:
  Basic  10,684  10,662  10,728    10,632
  Diluted  11,110  11,243  11,227    11,170