| RENTRAK CORPORATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CONSOLIDATED STATEMENTS OF OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
(UNAUDITED) |
|
|
|
|
Three Months
Ending, March 31, 2003 |
|
|
|
|
|
ENTERTAINMENT |
|
FULFILLMENT |
|
TOTAL |
|
|
|
| REVENUES: |
|
|
|
|
|
|
| PPT |
$ 16,384,362 |
|
$ - |
|
$ 16,384,362 |
|
|
|
| Other |
1,254,338 |
|
4,594,409 |
(1) |
5,354,246 |
|
|
|
|
|
|
|
|
|
|
|
|
17,638,700 |
|
4,594,409 |
|
21,738,608 |
|
|
|
|
|
|
|
|
|
|
| OPERATING COSTS AND EXPENSES: |
|
|
|
|
|
|
| Cost of sales |
13,898,967 |
(1) |
4,226,321 |
|
17,630,787 |
|
|
|
| Selling, general, and administrative |
2,888,076 |
|
599,085 |
|
3,487,161 |
|
|
|
| Asset Impairment |
- |
|
844,041 |
|
844,041 |
|
|
|
|
|
|
|
|
|
|
|
16,787,043 |
|
5,669,447 |
|
21,961,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| INCOME (LOSS) FROM OPERATIONS |
851,657 |
|
(1,075,038) |
|
(223,381) |
|
|
|
|
|
|
|
|
|
|
| OTHER INCOME (EXPENSE): |
|
|
|
|
|
|
| Interest income |
55,905 |
|
65,524 |
|
121,429 |
|
|
|
| Interest expense |
(5,894) |
|
(19,115) |
|
(25,009) |
|
|
|
|
Other |
- |
|
- |
|
- |
|
|
|
|
50,011 |
|
46,409 |
|
96,420 |
|
|
|
| INCOME (LOSS) FROM CONTINUING |
|
|
|
|
|
|
| OPERATIONS BEFORE INCOME TAX |
|
|
|
|
|
|
|
PROVISION (BENEFIT) |
901,668 |
|
(1,028,629) |
|
(126,961) |
|
|
|
|
|
|
|
|
|
|
| INCOME TAX PROVISION (BENEFIT) |
363,107 |
|
(390,879) |
|
(27,772) |
|
|
|
|
|
|
|
|
|
|
|
|
| INCOME (LOSS) FROM CONTINUING |
|
|
|
|
|
|
|
|
| OPERATIONS |
538,561 |
|
(637,750) |
|
(99,189) |
|
|
|
|
|
|
|
|
|
|
|
|
| LOSS
FROM DISCONTINUED |
|
|
|
|
|
|
|
|
| OPERATIONS, NET OF TAX BENEFIT |
|
|
|
|
|
|
|
|
| OF $52,727 |
(86,028) |
|
- |
|
(86,028) |
|
|
|
|
|
|
|
|
|
|
|
|
| NET
INCOME (LOSS) |
$ 452,533 |
|
$ (637,750) |
|
$ (185,217) |
|
|
|
|
|
|
|
|
|
|
| EARNINGS (LOSS) PER SHARE: |
|
|
|
|
|
|
| Basic: |
|
|
|
|
|
Continuing operations |
$ 0.06 |
|
$ (0.07) |
|
$ (0.01) |
|
|
|
| Discontinued operations |
$ (0.01) |
|
$ - |
|
$ (0.01) |
|
|
|
| Total |
$ 0.05 |
|
$ (0.07) |
|
$ (0.02) |
|
|
|
| Diluted: |
|
|
|
|
|
Continuing operations |
$ 0.06 |
|
$ (0.07) |
|
$ (0.01) |
|
|
|
| Discontinued operations |
$ (0.01) |
|
$ - |
|
$ (0.01) |
|
|
|
| Total |
$ 0.05 |
|
$ (0.07) |
|
$ (0.02) |
|
|
|
|
|
|
|
|
|
|
|
|
| (1)
- Includes Intercompany transactions
of $494,501, which are eliminated in consolidated total amounts. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|