| RENTRAK CORPORATION |
|
| CONSOLIDATED
STATEMENTS OF OPERATIONS |
|
|
|
|
(UNAUDITED) |
|
|
Six Months Ended September 30,
2002 |
|
|
ENTERTAINMENT |
|
FULFILLMENT |
|
TOTAL |
|
| REVENUES: |
|
|
|
|
|
|
| PPT |
$ 35,842,448 |
|
$ - |
|
$ 35,842,448 |
|
| Other |
1,974,257 |
|
6,471,228 |
(1) |
7,359,475 |
|
|
|
|
|
|
|
37,816,705 |
|
6,471,228 |
|
43,201,923 |
|
|
|
|
|
|
| OPERATING COSTS AND EXPENSES: |
|
|
|
|
| Cost of sales |
29,326,372 |
(1) |
7,060,210 |
|
35,300,572 |
|
| Selling, general, and administrative |
6,237,572 |
|
1,318,683 |
|
7,556,255 |
|
| Net gain from litigation settlement |
(361,847) |
|
- |
|
(361,847) |
|
| Asset Impairment |
- |
|
- |
|
- |
|
|
|
|
|
|
|
35,202,097 |
|
8,378,893 |
|
42,494,980 |
|
|
|
|
|
|
| INCOME (LOSS) FROM OPERATIONS |
2,614,608 |
|
(1,907,665) |
|
706,943 |
|
|
|
|
|
|
| OTHER INCOME (EXPENSE): |
|
|
|
|
| Interest income |
71,500 |
|
- |
|
71,500 |
|
| Interest expense |
- |
|
- |
|
- |
|
| Gain (Loss) on sale of investments |
- |
|
- |
|
- |
|
| Gain on Rentrak Japan transaction |
- |
|
- |
|
- |
|
|
71,500 |
|
- |
|
71,500 |
|
| INCOME (LOSS) FROM CONTINUING |
|
|
|
|
| OPERATIONS BEFORE INCOME TAX |
|
|
|
|
| PROVISION (BENEFIT) |
2,686,108 |
|
(1,907,665) |
|
778,443 |
|
|
|
|
|
|
| INCOME TAX PROVISION (BENEFIT) |
1,020,724 |
|
(724,913) |
|
295,811 |
|
|
|
|
|
|
| INCOME (LOSS) FROM CONTINUING |
|
|
|
|
| OPERATIONS |
1,665,384 |
|
(1,182,752) |
|
482,632 |
|
|
|
|
|
|
| LOSS FROM DISCONTINUED |
|
|
|
|
| OPERATIONS, NET OF TAX BENEFIT |
|
|
|
|
| OF $258,174 |
(421,230) |
|
- |
|
(421,230) |
|
|
|
|
|
|
| NET
INCOME (LOSS) |
$ 1,244,154 |
|
$ (1,182,752) |
|
$ 61,402 |
|
|
|
|
|
|
| NET INCOME (LOSS) PER SHARE: |
|
|
|
|
| Basic: |
|
|
|
|
Continuing operations |
$ 0.17 |
|
$ (0.12) |
|
$ 0.05 |
|
| Discontinued operations |
(0.04) |
|
-
|
|
(0.04) |
|
| Total |
$ 0.13 |
|
$ (0.12) |
|
$ 0.01 |
|
| Diluted: |
|
|
|
Continuing operations |
$ 0.16 |
|
$ (0.12) |
|
$ 0.05 |
|
| Discontinued operations |
(0.04) |
|
-
|
|
(0.04) |
|
| Total |
$
0.12 |
|
$ (0.12) |
|
$ 0.01 |
|
|
|
|
|
|
| (1)
- Includes Intercompany transactions
of $1,086,010, which are eliminated in consolidated total amounts. |
|
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|
|
|
|
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