RENTRAK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
	June 30,		March 31,
	2004		2004(1)
ASSETS	(UNAUDITED)
CURRENT ASSETS:
Cash and cash equivalents	$        8,648,030		$        8,735,683
Accounts receivable, net of allowance for doubtful
accounts of $953,689 and $839,122	20,261,232		15,389,867
Advances to program suppliers	2,988,311		4,188,222
Income tax receivable	47,214		68,384
Deferred tax asset	1,380,709		2,262,186
Other current assets	1,191,895		1,160,952
Total current assets	34,517,391		31,805,294
PROPERTY AND EQUIPMENT, net	2,546,250		2,466,668
DEFERRED TAX ASSET	1,221,074		1,099,660
OTHER ASSETS	794,304		831,617
TOTAL ASSETS	$      39,079,019		$      36,203,239
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$      16,455,868		$      15,446,818
Accrued liabilities	1,020,198		889,377
Accrued compensation	595,877		598,875
Deferred revenue	267,437		237,575
Total current liabilities	18,339,380		17,172,645
LONG-TERM LIABILITIES:
Lease obligations and deferred gain	202,863		234,922
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $.001 par value;
Authorized:  10,000,000 shares, none issued	-		-
Common stock,  $.001 par value;
Authorized:  30,000,000 shares
Issued and outstanding: 9,805,620 shares
at June 30, 2004 and 9,739,537 at
March 31, 2004	9,806		9,740
Capital in excess of par value	41,449,775		41,093,976
Accumulated other comprehensive income	180,879		180,879
Accumulated deficit	(21,103,684)		(22,488,923)
Total stockholders' equity	20,536,776		18,795,672
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$      39,079,019		$      36,203,239
(1) Derived from the Company's March 31, 2004 audited consolidated financial statements.