| Income Statement for Neose Technologies Inc. (NTEC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 8,805 | 6,184 | 6,137 | 5,070 | 1,435 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 1,901 | 2,342 | 4,322 | 6,063 | 4,818 | | Gross Operating Profit | 10,706 | 8,526 | 10,459 | 11,133 | 6,253 | | | Selling/General/Admin Expense | (10,855) | (11,551) | (10,878) | (11,711) | (11,148) | | Research & Development | (34,918) | (29,013) | (33,136) | (34,672) | (26,821) | | EBITDA | (35,067) | (32,038) | (33,555) | (35,250) | (31,716) | | Depreciation & Amortization | (1,901) | (2,342) | (4,322) | (6,063) | (4,818) | | EBIT | (36,968) | (34,380) | (37,877) | (41,313) | (36,534) | | Interest Income | 1,504 | 1,211 | 1,536 | 652 | 564 | | Other Income, Net | 6,560 | 7,333 | 22 | - | - | | Total Income Avail For Interest Expense | (28,904) | (25,836) | (50,525) | (40,661) | (37,220) | | Interest Expense | (147) | (1,271) | (1,314) | (981) | (461) | | Pre-Tax Income | (29,051) | (27,107) | (51,839) | (41,642) | (37,681) | | Income Taxes | 533 | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (28,518) | (27,107) | (51,839) | (41,642) | (37,681) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (28,518) | (27,107) | (51,839) | (41,642) | (37,681) | | | Normalized Income | (28,518) | (27,107) | (37,633) | (41,642) | (36,431) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | (14,206) | - | (1,250) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (28,518) | (27,107) | (51,839) | (41,642) | (37,681) | | | 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 | -0.57 | -0.82 | -1.64 | -1.82 | -2.14 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.57 | -0.82 | -1.64 | -1.82 | -2.14 | | | Diluted EPS from Continuing Operations | -0.57 | -0.82 | -1.64 | -1.82 | -2.14 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.57 | -0.82 | -1.64 | -1.82 | -2.14 | | | |
