| Income Statement for Novatel Wireless Inc. New (NVTL) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 429,903 | 217,972 | 161,736 | 103,727 | 33,815 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (288,109) | (154,712) | (111,096) | (65,983) | (24,202) | | Gross Operating Profit | 141,794 | 63,260 | 50,640 | 37,744 | 9,613 | | | Selling/General/Admin Expense | (39,836) | (30,474) | (15,139) | (9,877) | (6,205) | | Research & Development | (37,558) | (31,317) | (20,515) | (10,625) | (5,987) | | EBITDA | 64,400 | 1,469 | 14,986 | 17,242 | (2,579) | | Depreciation & Amortization | (10,953) | (8,037) | (4,472) | (3,797) | (4,427) | | EBIT | 53,447 | (6,568) | 10,514 | 13,445 | (7,006) | | Interest Income | 5,652 | 3,032 | 2,251 | 927 | 44 | | Other Income, Net | 479 | 1,407 | (216) | (148) | 91 | | Total Income Avail For Interest Expense | 59,578 | (2,129) | 12,549 | 14,224 | (7,699) | | Interest Expense | (60) | (134) | (27) | (56) | (3,939) | | Pre-Tax Income | 59,518 | (2,263) | 12,522 | 14,168 | (11,638) | | Income Taxes | (20,756) | 2,706 | (1,406) | (349) | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 38,762 | 443 | 11,116 | 13,819 | (11,638) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 38,762 | 443 | 11,116 | 13,819 | (11,638) | | | Normalized Income | 38,762 | 443 | 11,116 | 13,819 | (10,810) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | (828) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 38,762 | 443 | 11,116 | 13,819 | (11,638) | | | 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 | - | - | - | 145 | 4,392 | | | Basic EPS from Continuing Operations | 1.23 | 0.01 | 0.38 | 0.57 | -2.05 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.23 | 0.01 | 0.38 | 0.57 | -2.05 | | | Diluted EPS from Continuing Operations | 1.21 | 0.01 | 0.37 | 0.48 | -2.05 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.21 | 0.01 | 0.37 | 0.48 | -2.05 | | | |
