| RENTRAK CORPORATION |
|
| CONSOLIDATED STATEMENTS OF INCOME |
|
|
|
|
|
(UNAUDITED) |
|
|
Three Months Ending June 30, 2003 |
|
|
ENTERTAINMENT |
|
FULFILLMENT |
|
TOTAL |
|
| REVENUES: |
|
|
|
|
| PPT |
$ 13,052,691 |
|
$ - |
|
$ 13,052,691 |
|
| Other |
1,526,050 |
|
4,649,827 |
(1) |
5,645,733 |
|
|
|
|
|
14,578,741 |
|
4,649,827 |
|
18,698,424 |
|
|
|
|
| OPERATING COSTS AND EXPENSES: |
|
|
| Cost of sales |
10,479,310 |
(1) |
4,231,747 |
|
14,180,913 |
|
| Selling, general, and administrative |
4,000,647 |
|
470,002 |
|
4,470,649 |
|
| Net gain from litigation settlement |
- |
|
- |
|
- |
|
| Asset Impairment |
- |
|
- |
|
- |
|
|
|
|
|
14,479,957 |
|
4,701,749 |
|
18,651,562 |
|
|
|
|
| INCOME (LOSS) FROM OPERATIONS |
98,784 |
|
(51,922) |
|
46,862 |
|
|
|
|
| OTHER INCOME (EXPENSE): |
|
|
| Interest income |
31,045 |
|
24,394 |
|
55,439 |
|
| Interest expense |
(1,653) |
|
(4,396) |
|
(6,049) |
|
|
Other |
- |
|
- |
|
- |
|
|
29,392 |
|
19,998 |
|
49,390 |
|
| INCOME (LOSS) FROM CONTINUING |
|
|
| OPERATIONS BEFORE INCOME TAX |
|
|
|
PROVISION (BENEFIT) |
128,176 |
|
(31,924) |
|
96,252 |
|
|
|
|
| INCOME TAX PROVISION (BENEFIT) |
48,707 |
|
(12,131) |
|
36,576 |
|
|
|
|
| INCOME (LOSS) FROM CONTINUING |
|
|
| OPERATIONS |
79,469 |
|
(19,793) |
|
59,676 |
|
|
|
|
| LOSS
FROM DISCONTINUED |
|
|
| OPERATIONS, NET OF TAX BENEFIT |
|
|
| OF $0 |
- |
|
- |
|
- |
|
|
|
|
| NET
INCOME (LOSS) |
$ 79,469 |
|
$ (19,793) |
|
$ 59,676 |
|
|
|
|
| EARNINGS (LOSS) PER SHARE: |
|
|
| Basic: |
|
|
|
Continuing operations |
$ 0.01 |
|
$ (0.00) |
|
$ 0.01 |
|
| Discontinued operations |
$ - |
|
$ - |
|
$ - |
|
| Total |
$ 0.01 |
|
$ (0.00) |
|
$ 0.01 |
|
| Diluted: |
|
|
|
Continuing operations |
$ 0.01 |
|
$ (0.00) |
|
$ 0.01 |
|
| Discontinued operations |
$ - |
|
$ - |
|
$ - |
|
| Total |
$ 0.01 |
|
$ (0.00) |
|
$ 0.01 |
|
|
|
|
| (1)- Includes Intercompany transactions of
$530,144, which are eliminated in consolidated total amounts. |
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