| RENTRAK CORPORATION |
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| CONSOLIDATED STATEMENTS OF OPERATIONS |
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(UNAUDITED) |
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Three Months
Ending, March 31, 2002 |
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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 |
$ 17,905,336 |
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$ - |
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$ 17,905,336 |
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| Other |
1,125,317 |
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3,892,527 |
(1) |
4,654,168 |
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19,030,653 |
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3,892,527 |
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22,559,504 |
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| OPERATING COSTS AND EXPENSES: |
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| Cost of sales |
14,982,141 |
(1) |
3,625,994 |
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18,244,459 |
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| Selling, general, and administrative |
2,287,222 |
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99,808 |
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2,387,030 |
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| Net gain from litigation settlement |
(1,563,153) |
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- |
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(1,563,153) |
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| Asset Impairment |
- |
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424,177 |
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424,177 |
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15,706,210 |
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4,149,979 |
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19,492,513 |
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| INCOME (LOSS) FROM OPERATIONS |
3,324,443 |
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(257,452) |
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3,066,991 |
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| OTHER INCOME (EXPENSE): |
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| Interest income |
30,203 |
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- |
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30,203 |
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| Interest expense |
(6,726) |
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- |
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(6,726) |
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| Gain (Loss) on sale of investments |
- |
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- |
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- |
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| Other |
- |
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- |
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- |
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23,477 |
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- |
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23,477 |
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| INCOME (LOSS) FROM CONTINUING |
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| OPERATIONS BEFORE INCOME TAX |
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| PROVISION (BENEFIT) |
3,347,920 |
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(257,452) |
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3,090,468 |
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| INCOME TAX PROVISION (BENEFIT) |
1,173,476 |
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(62,660) |
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1,110,816 |
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| INCOME
FROM CONTINUING |
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| OPERATIONS |
2,174,444 |
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(194,792) |
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1,979,652 |
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| LOSS FROM DISCONTINUED |
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| OPERATIONS, NET OF TAX BENEFIT |
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| OF $188,117 |
(317,336) |
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- |
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(317,336) |
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| NET
INCOME (LOSS) |
$ 1,857,108 |
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$ (194,792) |
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$ 1,662,316 |
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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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$ (0.02) |
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$ 0.20 |
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| Discontinued operations |
$ (0.03) |
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$ - |
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$ (0.03) |
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| Total |
$ 0.19 |
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$ (0.02) |
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$ 0.17 |
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| Diluted: |
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Continuing operations |
$ 0.21 |
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$ (0.02) |
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$ 0.19 |
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| Discontinued operations |
$ (0.03) |
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$ - |
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$ (0.03) |
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| Total |
$ 0.18 |
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$ (0.02) |
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$ 0.16 |
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| (1)
- Includes Intercompany transactions
of $363,676, which are eliminated in consolidated total amounts. |
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