| 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 | |||||