| Income Statement for Napco Security Systems Inc. (NSSC) | | | | | | | Income | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Operating Revenue | 68,367 | 66,202 | 69,548 | 65,229 | 58,093 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (46,764) | (41,812) | (42,415) | (40,149) | (37,364) | | Gross Operating Profit | 21,603 | 24,390 | 27,133 | 25,080 | 20,729 | | | Selling/General/Admin Expense | (17,275) | (16,688) | (16,418) | (15,014) | (13,475) | | Research & Development | - | - | - | - | - | | EBITDA | 4,328 | 7,702 | 10,715 | 10,066 | 7,254 | | Depreciation & Amortization | (1,191) | (1,201) | (1,192) | (1,156) | (1,189) | | EBIT | 3,137 | 6,501 | 9,523 | 8,910 | 6,065 | | Interest Income | - | - | - | - | - | | Other Income, Net | (42) | (17) | (14) | (58) | (109) | | Total Income Avail For Interest Expense | 3,095 | 6,484 | 9,509 | 8,852 | 5,956 | | Interest Expense | (819) | (637) | (258) | (224) | (420) | | Pre-Tax Income | 2,276 | 5,847 | 9,251 | 8,628 | 5,536 | | Income Taxes | 1,408 | (1,922) | (3,264) | (3,226) | (2,201) | | Minority Interest | 34 | 292 | 132 | 228 | - | | Net Income from Continuing Operations | 3,718 | 4,217 | 6,119 | 5,629 | 3,335 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 3,718 | 4,217 | 6,119 | 5,629 | 3,335 | | | Normalized Income | 3,718 | 4,217 | 6,119 | 5,629 | 3,335 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 3,718 | 4,217 | 6,119 | 5,629 | 3,335 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.19 | 0.21 | 0.31 | 0.29 | 0.19 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.19 | 0.21 | 0.31 | 0.29 | 0.19 | | | Diluted EPS from Continuing Operations | 0.19 | 0.20 | 0.30 | 0.28 | 0.17 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.19 | 0.20 | 0.30 | 0.28 | 0.17 | | | |
