RENTRAK CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED, RESTATED)
	Three Months Ended March 31, 2003
	ENTERTAINMENT		FULFILLMENT		TOTAL
REVENUES	$           17,482,145		$       4,594,409	(1)	$   21,582,053
OPERATING COSTS AND EXPENSES:
Cost of sales	14,256,367	(1)	4,226,321		17,988,187
Selling, general, and administrative	2,888,076		599,085		3,487,161
Net gain from litigation settlement
Asset Impairment	-		844,041		844,041
	17,144,443		5,669,447		22,319,389
INCOME FROM OPERATIONS	337,702		(1,075,038)		(737,336)
OTHER INCOME (EXPENSE):
Interest income	75,020		46,409		121,429
Interest expense	(25,009)		-		(25,009)
	50,011		46,409		96,420
INCOME FROM CONTINUING
OPERATIONS BEFORE INCOME TAX
PROVISION	387,713		(1,028,629)		(640,916)
INCOME TAX PROVISION	167,804		(390,879)		(223,075)
INCOME FROM CONTINUING
OPERATIONS	219,909		(637,750)		(417,841)
INCOME (LOSS) FROM DISCONTINUED
OPERATIONS, NET OF TAX BENEFIT
OF ($270,253)	(86,028)		-		(86,028)
NET INCOME (LOSS)	$                133,881		$         (637,750)		$       (503,869)
NET LOSS PER SHARE:
Basic:
Continuing operations	$                       0.02		$                (0.06)		$              (0.04)
Discontinued operations	(0.01)		-		(0.01)
Total	$                       0.01		$                (0.06)		$              (0.05)
Diluted:
Continuing operations	$                       0.02		$                (0.06)		$              (0.04)
Discontinued operations	(0.01)		-		(0.01)
Total	$                       0.01		$                (0.06)		$              (0.05)
(1) -  Includes Intercompany transactions of $494,501, which are eliminated in consolidated total amounts.