| Income Statement for KVH Industries Inc. (KVHI) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 80,915 | 78,973 | 71,258 | 62,303 | 56,673 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (46,310) | (45,164) | (39,629) | (37,890) | (32,072) | | Gross Operating Profit | 34,605 | 33,810 | 31,629 | 24,412 | 24,601 | | | Selling/General/Admin Expense | (22,940) | (22,229) | (19,690) | (21,073) | (15,798) | | Research & Development | (9,265) | (7,720) | (7,692) | (6,337) | (8,579) | | EBITDA | 2,400 | 3,861 | 4,247 | (2,998) | 225 | | Depreciation & Amortization | (2,139) | (2,005) | (1,958) | (2,043) | (1,724) | | EBIT | 261 | 1,857 | 2,289 | (5,041) | (1,499) | | Interest Income | 2,715 | 2,194 | 1,269 | 471 | - | | Other Income, Net | (77) | (26) | (338) | 35 | (78) | | Total Income Avail For Interest Expense | 2,899 | 4,024 | 3,220 | (6,893) | (1,577) | | Interest Expense | (156) | - | - | - | (165) | | Pre-Tax Income | 2,743 | 4,024 | 3,220 | (6,893) | (1,742) | | Income Taxes | (244) | (350) | (289) | 746 | 272 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 2,499 | 3,675 | 2,931 | (6,147) | (1,470) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 2,499 | 3,675 | 2,931 | (6,147) | (1,470) | | | Normalized Income | 2,499 | 3,675 | 2,931 | (3,789) | (1,470) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (2,358) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 2,499 | 3,675 | 2,931 | (6,147) | (1,470) | | | 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 | 0.17 | 0.25 | 0.20 | -0.44 | -0.13 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.17 | 0.25 | 0.20 | -0.44 | -0.13 | | | Diluted EPS from Continuing Operations | 0.17 | 0.25 | 0.20 | -0.44 | -0.13 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.17 | 0.25 | 0.20 | -0.44 | -0.13 | | | |
