| RENTRAK CORPORATION |
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| CONSOLIDATED
STATEMENTS OF OPERATIONS |
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(UNAUDITED) |
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Twelve Months Ending March 31,
2003 |
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ENTERTAINMENT |
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FULFILLMENT |
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TOTAL |
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| REVENUES: |
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| PPT |
$ 67,081,943 |
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$ - |
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$ 67,081,943 |
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| Other |
3,872,578 |
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17,380,544 |
(1) |
19,138,418 |
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70,954,521 |
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17,380,544 |
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86,220,361 |
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| OPERATING COSTS AND EXPENSES: |
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| Cost of sales |
55,663,641 |
(1) |
17,412,793 |
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70,961,730 |
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| Selling, general, and administrative |
12,388,292 |
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2,398,514 |
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14,786,806 |
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| Net gain from litigation settlement |
(361,847) |
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- |
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(361,847) |
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| Asset Impairment |
- |
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844,041 |
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844,041 |
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67,690,086 |
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20,655,348 |
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86,230,730 |
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| INCOME (LOSS) FROM OPERATIONS |
3,264,435 |
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(3,274,804) |
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(10,369) |
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| OTHER INCOME (EXPENSE): |
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| Interest income |
138,759 |
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65,524 |
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204,283 |
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| Interest expense |
(5,894) |
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(19,115) |
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(25,009) |
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Other |
- |
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- |
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- |
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132,865 |
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46,409 |
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179,274 |
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| INCOME (LOSS) FROM CONTINUING |
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| OPERATIONS BEFORE INCOME TAX |
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| PROVISION (BENEFIT) |
3,397,300 |
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(3,228,395) |
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168,905 |
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| INCOME TAX PROVISION
(BENEFIT) |
1,311,448 |
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(1,226,791) |
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84,657 |
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| INCOME (LOSS) FROM CONTINUING |
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| OPERATIONS |
2,085,852 |
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(2,001,604) |
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84,248 |
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| LOSS
FROM DISCONTINUED |
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| OPERATIONS, NET OF TAX BENEFIT |
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| OF $357,094 |
(582,627) |
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- |
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(582,627) |
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| NET
INCOME (LOSS) |
$ 1,503,225 |
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$ (2,001,604) |
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$ (498,379) |
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$ - |
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$ - |
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$ - |
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$ - |
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| EARNINGS (LOSS) PER SHARE: |
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| Basic: |
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Continuing operations |
$ 0.22 |
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$ (0.21) |
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$ 0.01 |
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| Discontinued operations |
$ (0.06) |
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$ - |
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$ (0.06) |
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| Total |
$ 0.16 |
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$ (0.21) |
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$ (0.05) |
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| Diluted: |
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Continuing operations |
$ 0.21 |
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$ (0.20) |
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$ 0.01 |
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| Discontinued operations |
$ (0.06) |
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$ - |
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$ (0.06) |
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| Total |
$ 0.15 |
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$ (0.20) |
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$ (0.05) |
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| (1)- Includes Intercompany transactions of
$2,114,704, which are eliminated in consolidated total amounts. |
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