RENTRAK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended June 30,
2004 2003
(Restated)
REVENUES  $           25,333,002  $           18,914,372
OPERATING EXPENSES:
   Cost of sales               18,777,061               14,459,088
   Selling and administrative                 4,431,179                 4,330,549
              23,208,240               18,789,637
INCOME FROM OPERATIONS                 2,124,762                    124,735
OTHER INCOME (EXPENSE):
   Interest income                       57,845                       55,439
   Interest expense                        (1,131)                       (6,049)
                      56,714                       49,390
INCOME BEFORE TAXES                 2,181,476                    174,125
PROVISION FOR INCOME TAXES                     796,237                       43,531
NET INCOME  $             1,385,239  $                130,594
NET INCOME PER SHARE:
    Basic  $                       0.14  $                       0.01
    Diluted   $                       0.13  $                       0.01