| Income Statement for Genaera Corp. (GENR) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 2,737 | 892 | 446 | 873 | 1,113 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 353 | 394 | 373 | 195 | 422 | | Gross Operating Profit | 3,090 | 1,286 | 819 | 1,068 | 1,535 | | | Selling/General/Admin Expense | (6,792) | (5,996) | (5,891) | (4,951) | (2,437) | | Research & Development | (13,097) | (17,669) | (21,792) | (14,004) | (8,092) | | EBITDA | (16,799) | (22,379) | (26,864) | (17,887) | (8,994) | | Depreciation & Amortization | (353) | (394) | (373) | (195) | (422) | | EBIT | (17,152) | (22,773) | (27,237) | (18,082) | (9,416) | | Interest Income | 1,278 | 1,542 | 870 | 329 | 88 | | Other Income, Net | - | (3) | 6 | - | - | | Total Income Avail For Interest Expense | (15,874) | (21,234) | (26,361) | (17,871) | (9,328) | | Interest Expense | - | - | - | (2) | (65) | | Pre-Tax Income | (15,874) | (21,234) | (26,361) | (17,873) | (9,393) | | Income Taxes | 147 | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (15,727) | (21,234) | (26,361) | (17,873) | (9,393) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (15,727) | (21,234) | (26,361) | (17,873) | (9,393) | | | Normalized Income | (15,727) | (21,234) | (26,361) | (17,755) | (9,393) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (118) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (15,727) | (21,234) | (26,361) | (17,873) | (9,393) | | | 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 | - | - | - | - | 3,085 | | | Basic EPS from Continuing Operations | -0.90 | -1.44 | -2.64 | -2.04 | -1.92 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.90 | -1.44 | -2.64 | -2.04 | -1.92 | | | Diluted EPS from Continuing Operations | -0.90 | -1.44 | -2.64 | -2.04 | -1.92 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.90 | -1.44 | -2.64 | -2.04 | -1.92 | | | |
