| RENTRAK CORPORATION | ||||||
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||
| (UNAUDITED) | ||||||
| Three Months Ended June 30, 2003 | ||||||
| (restated) | ||||||
| ENTERTAINMENT | FULFILLMENT | TOTAL | ||||
| REVENUES | $ 14,794,689 | $ 4,649,827 | (1) | $ 18,914,372 | ||
| OPERATING COSTS AND EXPENSES: | ||||||
| Cost of sales | 10,757,485 | (1) | 4,231,747 | 14,459,088 | ||
| Selling, general, and administrative | 3,860,547 | 470,002 | 4,330,549 | |||
| 14,618,032 | 4,701,749 | 18,789,637 | ||||
| INCOME (LOSS) FROM OPERATIONS | 176,657 | (51,922) | 124,735 | |||
| OTHER INCOME (EXPENSE): | ||||||
| Interest income | 31,045 | 24,394 | 55,439 | |||
| Interest expense | (1,653) | (4,396) | (6,049) | |||
| 29,392 | 19,998 | 49,390 | ||||
| INCOME (LOSS) BEFORE INCOME TAX | ||||||
| PROVISION (BENEFIT) | 206,049 | (31,924) | 174,125 | |||
| INCOME TAX PROVISION (BENEFIT) | 55,662 | (12,131) | 43,531 | |||
| NET INCOME (LOSS) | $ 150,387 | $ (19,793) | $ 130,594 | |||
| NET INCOME (LOSS) PER SHARE: | ||||||
| Basic | $ 0.01 | $ - | $ 0.01 | |||
| Diluted | $ 0.01 | $ - | $ 0.01 | |||
| (1) - Includes Intercompany transactions of $530,144, which are eliminated in consolidated total amounts. | ||||||