RENTRAK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
		Six Months Ended September 30,
		2004		2003
				(Restated)
REVENUES		52,330,786		33,518,104
OPERATING EXPENSES:
Cost of sales		38,637,297		26,924,494
Selling and administrative		8,769,406		8,471,258
		47,406,703		35,395,752
INCOME (LOSS) FROM OPERATIONS		4,924,083		(1,877,648)
OTHER INCOME (EXPENSE):
Interest income		110,657		122,867
Interest expense		(2,296)		(7,825)
		108,361		115,042
INCOME (LOSS) BEFORE TAXES		5,032,444		(1,762,606)
PROVISION (BENEFIT) FOR INCOME TAXES		1,836,842		(440,652)
NET INCOME (LOSS)		$             3,195,602		$         (1,321,954)
NET INCOME (LOSS) PER SHARE:
Basic		$                       0.33		$                   (0.14)
Diluted		$                       0.31		$                   (0.14)
The accompanying notes are an integral part of these condensed consolidated statements.