Rentrak Corporation and Subsidiaries
Consolidated Income Statements
(In thousands, except per share amounts)
 For the Three Months Ended March 31,  For the Twelve Months Ended March 31,
2010   2009 2010 2009
 (Unaudited)  (Unaudited)  (Audited)  (Audited)
Revenue $              25,006  $              22,313 $              91,076  $                 94,966
Cost of Sales              14,629              13,660              58,277                 62,575
Gross Margin              10,377                8,653              32,799                 32,391
Operating expenses:
    Selling and administrative              10,416                6,604              33,055                 26,619
    Provision for doubtful accounts                     52                   102                   469                     269
    Asset impairment                   134                   136                   199                     257
             10,602                6,842              33,723                 27,145
Income (loss) from operations                  (225)                1,811                  (924)                   5,246
Other income:
    Interest income, net                   137                   346                1,151                   1,108
Income before income taxes                    (88)                2,157                   227                   6,354
Provision (benefit) for income taxes                  (285)                    (90)                  (349)                     991
Net income $                   197  $                2,247 $                   576  $                   5,363
Basic net income per share $                  0.02  $                  0.21 $                  0.05  $                    0.51
Diluted net income per share $                  0.02  $                  0.21 $                  0.05  $                    0.49
Shares used in per share calculations:
  Basic              10,607              10,481              10,527                 10,561
  Diluted              11,172              10,914              11,013                 11,047