RENTRAK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
	Three Months Ended March 31,
	2004		2003
			(Restated)
REVENUES	$           24,230,448		$           21,582,053
OPERATING EXPENSES:
Cost of sales	17,518,180		17,988,187
Selling and administrative	4,054,301		3,487,161
Net gain from litigation settlement
Asset Impairment	-		844,041
	21,572,481		22,319,389
INCOME (LOSS) FROM OPERATIONS	2,657,967		(737,336)
OTHER INCOME (EXPENSE):
Interest income	80,360		121,429
Interest expense	(1,344)		(25,009)
	79,016		96,420
INCOME FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES	2,736,983		(640,916)
PROVISION (BENEFIT) FOR INCOME TAXES	683,820		(223,075)
NET INCOME (LOSS) FROM CONTINUING
OPERATIONS	2,053,163		(417,841)
LOSS FROM DISCONTINUED
OPERATIONS, NET OF TAX
BENEFIT OF $52,727	-		(86,028)
NET INCOME (LOSS)	$             2,053,163		$               (503,869)
NET INCOME (LOSS) PER SHARE:
Basic:
Continuing operations	$                       0.21		$                     (0.04)
Discontinued operations	-		(0.01)
Total	$                       0.21		$                     (0.05)
Diluted:
Continuing operations	$                       0.20		$                     (0.04)
Discontinued operations	-		(0.01)
Total	$                       0.20		$                     (0.05)
The accompanying notes are an integral
part of these consolidated statements.