RENTRAK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
	Twelve Months Ended March 31,
	2004		2003
			(Restated)
REVENUES	$            78,132,413		85,884,262
OPERATING EXPENSES:
Cost of sales	60,090,493		71,347,003
Selling and administrative	16,357,299		14,434,343
Net gain from litigation settlement	-		(361,847)
Asset Impairment	-		844,041
	76,447,792		86,263,540
INCOME FROM (LOSS) OPERATIONS	1,684,621		(379,278)
OTHER INCOME (EXPENSE):
Interest income	244,252		204,283
Interest expense	(11,584)		(25,009)
	232,668		179,274
INCOME FROM (LOSS) CONTINUING
OPERATIONS BEFORE INCOME TAXES
PROVISION	1,917,289		(200,004)
PROVISION (BENEFIT) FOR INCOME TAEXES	478,896		(55,528)
NET INCOME (LOSS) FROM CONTINUING
OPERATIONS	1,438,393		(144,476)
LOSS FROM DISCONTINUED
OPERATIONS, NET OF TAX BENEFIT
OF $78,850 AND $357,094	(128,649)		(582,627)
NET INCOME (LOSS)	$               1,309,744		$                (727,103)
NET INCOME (LOSS) PER SHARE:
Basic:
Continuing operations	$                         0.15		$                       (0.02)
Discontinued operations	(0.01)		(0.06)
Total	$                         0.14		$                       (0.08)
Diluted:
Continuing operations	$                         0.14		$                       (0.02)
Discontinued operations	(0.01)		(0.06)
Total	$                         0.13		$                       (0.08)
The accompanying notes are an integral
part of these consolidated statements.