| Income Statement for Salon Media Group Inc. (SLNM) | | | | | | | Income | in Thousands of Dollars | | | 03/2007 | 03/2006 | 03/2005 | 03/2004 | 03/2003 | | | Operating Revenue | 7,748 | 6,516 | 6,628 | 4,499 | 4,003 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (5,134) | (4,362) | (3,951) | (4,072) | (3,893) | | Gross Operating Profit | 2,614 | 2,154 | 2,677 | 427 | 110 | | | Selling/General/Admin Expense | (3,264) | (2,479) | (2,657) | (3,779) | (3,659) | | Research & Development | (828) | (676) | (617) | (614) | (626) | | EBITDA | (1,478) | (1,001) | (597) | (3,966) | (4,175) | | Depreciation & Amortization | (89) | (143) | (495) | (928) | (944) | | EBIT | (1,567) | (1,144) | (1,092) | (4,894) | (5,119) | | Interest Income | 1 | 22 | 574 | 119 | 13 | | Other Income, Net | - | - | - | (1,271) | (146) | | Total Income Avail For Interest Expense | (1,566) | (1,122) | (518) | (6,046) | (5,597) | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | (1,566) | (1,122) | (518) | (6,046) | (5,597) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (1,566) | (1,122) | (518) | (6,046) | (5,597) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (1,566) | (1,122) | (518) | (6,046) | (5,597) | | | Normalized Income | (1,566) | (1,122) | (518) | (6,046) | (5,252) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | (345) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (1,566) | (1,122) | (518) | (6,046) | (5,597) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 03/2007 | 03/2006 | 03/2005 | 03/2004 | 03/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | 295 | 1,040 | 1,600 | 2,615 | 93 | | | Basic EPS from Continuing Operations | -1.10 | -2.60 | -0.40 | -12.20 | -8.20 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.10 | -2.60 | -0.40 | -12.20 | -8.20 | | | Diluted EPS from Continuing Operations | -1.10 | -2.60 | -0.40 | -12.20 | -8.20 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.10 | -2.60 | -0.40 | -12.20 | -8.20 | | | |
