| Income Statement for BluePhoenix Solutions Ltd. (BPHX) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 88,398 | 68,004 | 58,947 | 57,186 | 54,340 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (26,574) | (20,034) | (18,378) | (19,823) | (20,205) | | Gross Operating Profit | 61,824 | 47,970 | 40,569 | 37,363 | 34,135 | | | Selling/General/Admin Expense | (32,820) | (22,149) | (21,611) | (21,388) | (20,140) | | Research & Development | (14,109) | (9,400) | (8,006) | (8,055) | (8,138) | | EBITDA | 14,895 | 16,421 | 10,952 | 7,920 | 5,857 | | Depreciation & Amortization | (12,087) | (8,481) | (7,001) | (4,430) | (3,910) | | EBIT | 2,808 | 7,940 | 3,951 | 3,490 | 1,947 | | Interest Income | 437 | 237 | - | 205 | 165 | | Other Income, Net | (86) | 628 | 104 | 632 | 943 | | Total Income Avail For Interest Expense | (4,489) | 8,805 | 4,055 | 3,811 | 2,157 | | Interest Expense | (3,802) | (4,098) | (1,978) | (632) | - | | Pre-Tax Income | (8,291) | 4,707 | 2,077 | 3,179 | 2,157 | | Income Taxes | (68) | 282 | (149) | (260) | (152) | | Minority Interest | 163 | (317) | (139) | (73) | (154) | | Net Income from Continuing Operations | (8,196) | 4,672 | 1,789 | 2,846 | 1,851 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (8,196) | 4,672 | 1,789 | 2,846 | 1,851 | | | Normalized Income | (513) | 4,672 | 1,789 | 2,846 | 1,851 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (7,683) | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (8,196) | 4,672 | 1,789 | 2,846 | 1,851 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.48 | 0.34 | 0.13 | 0.21 | 0.14 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.48 | 0.34 | 0.13 | 0.21 | 0.14 | | | Diluted EPS from Continuing Operations | -0.48 | 0.33 | 0.13 | 0.21 | 0.14 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.48 | 0.33 | 0.13 | 0.21 | 0.14 | | | |
