| Income Statement for QAD Inc. (QADI) | | | | After Hours: $ 5.27 | 0.00 (0.00%) | Volume: 104 | 4:00 PM EDT Oct 7, 2008 | | | | | | | Income | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Operating Revenue | 262,747 | 235,587 | 225,494 | 231,206 | 230,652 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (102,198) | (85,695) | (81,643) | (84,428) | (84,319) | | Gross Operating Profit | 160,549 | 149,892 | 143,851 | 146,778 | 146,333 | | | Selling/General/Admin Expense | (104,475) | (93,519) | (88,101) | (82,622) | (84,411) | | Research & Development | (41,069) | (40,039) | (32,647) | (33,229) | (36,191) | | EBITDA | 15,005 | 16,334 | 23,103 | 30,927 | 25,731 | | Depreciation & Amortization | (9,417) | (8,187) | (7,320) | (7,541) | (8,082) | | EBIT | 5,588 | 8,147 | 15,783 | 23,386 | 17,649 | | Interest Income | 2,243 | 2,533 | 1,452 | 809 | 540 | | Other Income, Net | (720) | 1,874 | 537 | 120 | 1,803 | | Total Income Avail For Interest Expense | 7,111 | 12,554 | 17,772 | 24,315 | 20,338 | | Interest Expense | (1,362) | (1,116) | (1,626) | (1,889) | (943) | | Pre-Tax Income | 5,749 | 11,438 | 16,146 | 22,426 | 19,395 | | Income Taxes | (333) | (3,805) | 4,596 | 2,057 | (3,078) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 5,416 | 7,633 | 20,742 | 24,483 | 16,317 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 5,416 | 7,633 | 20,742 | 24,483 | 16,317 | | | Normalized Income | 5,416 | 7,633 | 20,742 | 24,483 | 15,971 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | 346 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 5,416 | 7,633 | 20,742 | 24,483 | 16,317 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Dividends Paid Per Share | 0.10 | 0.10 | 0.10 | 0.15 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.17 | 0.24 | 0.63 | 0.72 | 0.49 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.17 | 0.24 | 0.63 | 0.72 | 0.49 | | | Diluted EPS from Continuing Operations | 0.17 | 0.23 | 0.62 | 0.70 | 0.47 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.17 | 0.23 | 0.62 | 0.70 | 0.47 | | | |
