| Income Statement for HiTech Pharmacal Co. Inc. (HITK) | | | | | | | Income | in Thousands of Dollars | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Operating Revenue | 62,017 | 58,898 | 78,020 | 67,683 | 56,366 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (37,582) | (32,869) | (33,217) | (29,307) | (24,732) | | Gross Operating Profit | 24,435 | 26,029 | 44,803 | 38,376 | 31,634 | | | Selling/General/Admin Expense | (22,625) | (23,914) | (23,210) | (19,574) | (16,758) | | Research & Development | (6,208) | (4,733) | (3,334) | (4,373) | (3,820) | | EBITDA | (4,398) | (2,618) | 18,259 | 14,429 | 11,056 | | Depreciation & Amortization | (2,923) | (2,835) | (2,616) | (2,053) | (1,475) | | EBIT | (7,321) | (5,453) | 15,643 | 12,376 | 9,581 | | Interest Income | 480 | 1,314 | 1,937 | 655 | 281 | | Other Income, Net | - | 123 | 27 | 50 | 504 | | Total Income Avail For Interest Expense | (6,841) | (4,016) | 17,607 | 13,081 | 10,366 | | Interest Expense | (27) | (18) | (12) | (24) | (24) | | Pre-Tax Income | (6,868) | (4,034) | 17,595 | 13,057 | 10,342 | | Income Taxes | 1,770 | 1,998 | (6,142) | (4,769) | (3,750) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (5,098) | (2,036) | 11,453 | 8,288 | 6,592 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (5,098) | (2,036) | 11,453 | 8,288 | 6,592 | | | Normalized Income | (5,098) | (2,036) | 11,453 | 8,288 | 6,592 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (5,098) | (2,036) | 11,453 | 8,288 | 6,592 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.45 | -0.17 | 0.96 | 0.70 | 0.56 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.45 | -0.17 | 0.96 | 0.70 | 0.56 | | | Diluted EPS from Continuing Operations | -0.45 | -0.17 | 0.85 | 0.64 | 0.49 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.45 | -0.17 | 0.85 | 0.64 | 0.49 | | | |
