| Income Statement for Harvard Bioscience Inc. (HBIO) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 83,407 | 76,181 | 67,431 | 92,597 | 87,141 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (41,511) | (36,454) | (30,783) | (43,730) | (41,152) | | Gross Operating Profit | 41,896 | 39,727 | 36,648 | 48,867 | 45,989 | | | Selling/General/Admin Expense | (25,181) | (24,546) | (20,737) | (31,055) | (26,780) | | Research & Development | (3,708) | (3,154) | (2,950) | (7,193) | (6,263) | | EBITDA | 13,007 | 12,027 | 12,961 | 10,619 | 12,946 | | Depreciation & Amortization | (3,474) | (3,337) | (5,037) | (6,346) | (5,290) | | EBIT | 9,533 | 8,690 | 7,924 | 4,273 | 7,656 | | Interest Income | 317 | 216 | 234 | 136 | 176 | | Other Income, Net | 83 | (81) | (101) | 181 | (268) | | Total Income Avail For Interest Expense | 9,933 | 8,825 | 8,057 | 4,590 | 7,564 | | Interest Expense | (365) | (429) | (917) | (794) | (327) | | Pre-Tax Income | 9,568 | 8,396 | 7,140 | 3,796 | 7,237 | | Income Taxes | (1,970) | (1,775) | (899) | (1,467) | (2,977) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 7,598 | 6,621 | 6,241 | 2,329 | 4,260 | | Net Income from Discontinued Operations | (8,952) | (8,962) | (38,118) | - | - | | Net Income from Total Operations | (1,354) | (2,341) | (31,877) | 2,329 | 4,260 | | | Normalized Income | 7,598 | 6,621 | 6,241 | 2,329 | 4,260 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (1,354) | (2,341) | (31,877) | 2,329 | 4,260 | | | 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 | 0.25 | 0.22 | 0.20 | 0.08 | 0.14 | | Basic EPS from Discontinued Operations | -0.29 | -0.29 | -1.25 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.04 | -0.07 | -1.05 | 0.08 | 0.14 | | | Diluted EPS from Continuing Operations | 0.24 | 0.21 | 0.20 | 0.07 | 0.14 | | Diluted EPS from Discontinued Operations | -0.29 | -0.29 | -1.24 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.05 | -0.08 | -1.04 | 0.07 | 0.14 | | | |
