| Income Statement for Occam Networks Inc. (OCNW) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 75,149 | 68,203 | 39,238 | 17,329 | 7,982 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (44,271) | (41,083) | (26,163) | (14,533) | (5,846) | | Gross Operating Profit | 30,878 | 27,120 | 13,075 | 2,796 | 2,136 | | | Selling/General/Admin Expense | (26,473) | (15,317) | (11,769) | (8,912) | (8,308) | | Research & Development | (13,321) | (9,584) | (7,440) | (7,448) | (12,004) | | EBITDA | (8,916) | 2,219 | (6,134) | (13,564) | (18,176) | | Depreciation & Amortization | (1,866) | (1,390) | (1,045) | (1,296) | (2,084) | | EBIT | (10,782) | 829 | (7,179) | (14,860) | (20,260) | | Interest Income | 2,637 | 643 | 249 | 94 | 101 | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | (10,325) | 1,472 | (6,930) | (14,766) | (20,159) | | Interest Expense | (5) | (173) | (508) | (223) | (284) | | Pre-Tax Income | (10,330) | 1,299 | (7,438) | (14,989) | (20,443) | | Income Taxes | (56) | (64) | - | - | 11 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (10,386) | 1,235 | (7,438) | (14,989) | (20,432) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (10,386) | 1,235 | (7,438) | (14,989) | (20,432) | | | Normalized Income | (8,206) | 1,235 | (7,438) | (14,989) | (20,432) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (2,180) | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | (3,437) | (1,822) | (3,288) | (2,538) | | Total Net Income | (10,386) | (2,202) | (9,260) | (18,277) | (22,970) | | | 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 | -0.53 | -0.24 | -1.37 | -2.80 | -4.40 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.53 | -0.24 | -1.37 | -2.80 | -4.40 | | | Diluted EPS from Continuing Operations | -0.53 | -0.24 | -1.37 | -2.80 | -4.40 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.53 | -0.24 | -1.37 | -2.80 | -4.40 | | | |
