| Income Statement for Health Grades Inc. (HGRD) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 36,167 | 27,770 | 20,808 | 14,538 | 8,805 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (4,277) | (3,895) | (2,775) | (2,342) | (1,866) | | Gross Operating Profit | 31,890 | 23,875 | 18,033 | 12,196 | 6,940 | | | Selling/General/Admin Expense | (16,153) | (14,812) | (10,661) | (8,272) | (7,626) | | Research & Development | (5,492) | (3,547) | (3,036) | (2,017) | - | | EBITDA | 10,245 | 5,515 | 4,336 | 1,907 | (687) | | Depreciation & Amortization | (1,046) | (698) | (394) | (146) | (98) | | EBIT | 9,199 | 4,817 | 3,942 | 1,761 | (785) | | Interest Income | 1,331 | 689 | 205 | 22 | 7 | | Other Income, Net | - | (0) | 1 | - | 0 | | Total Income Avail For Interest Expense | 10,530 | 5,506 | 4,149 | 1,782 | (1,268) | | Interest Expense | (2) | (0) | (1) | - | (15) | | Pre-Tax Income | 10,528 | 5,506 | 4,148 | 1,782 | (1,284) | | Income Taxes | (4,108) | (2,324) | (8) | - | - | | Minority Interest | 328 | - | - | - | - | | Net Income from Continuing Operations | 6,748 | 3,182 | 4,140 | 1,782 | (1,284) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 6,748 | 3,182 | 4,140 | 1,782 | (1,284) | | | Normalized Income | 6,748 | 3,182 | 4,140 | 1,782 | (793) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | (491) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 6,748 | 3,182 | 4,140 | 1,782 | (1,284) | | | 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 | 0.24 | 0.11 | 0.15 | 0.05 | -0.05 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.24 | 0.11 | 0.15 | 0.05 | -0.05 | | | Diluted EPS from Continuing Operations | 0.24 | 0.09 | 0.12 | 0.05 | -0.05 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.24 | 0.09 | 0.12 | 0.05 | -0.05 | | | |
