RENTRAK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
	September 30,	March 31,
	2004	2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$      13,891,499	$        8,735,683
Accounts receivable, net of allowance for doubtful
accounts of $1,013,173 and $839,122	18,047,479	15,389,867
Advances to program suppliers, net of program
supplier reserves of $4,532,724 and $4,520,759	1,649,809	4,188,222
Income tax receivable	45,148	68,384
Deferred tax asset	402,166	2,262,186
Other current assets	1,135,419	1,160,952
Total current assets	35,171,520	31,805,294
PROPERTY AND EQUIPMENT, net	2,828,256	2,466,668
DEFERRED TAX ASSET	1,221,074	1,099,660
OTHER ASSETS	647,982	831,617
TOTAL ASSETS	$      39,868,832	$      36,203,239
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$      15,479,730	$      15,446,818
Accrued liabilities	583,928	889,377
Accrued compensation	737,239	598,875
Deferred revenue	271,727	237,575
Total current liabilities	17,072,624	17,172,645
LONG-TERM LIABILITIES:
Lease obligations and deferred gain	156,756	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: 9,850,466 shares
at Sept 30, 2004 and 9,739,537 at
March 31, 2003	9,850	9,740
Capital in excess of par value	41,742,044	41,093,976
Accumulated other comprehensive income	180,879	180,879
Accumulated deficit	(19,293,321)	(22,488,923)
Total stockholders' equity	22,639,452	18,795,672
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$      39,868,832	$      36,203,239
The accompanying notes are an integral part of these consolidated statements.