| Income Statement for SeaChange International Inc. (SEAC) | | | | | | | Income | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Operating Revenue | 179,893 | 161,334 | 126,264 | 157,303 | 148,166 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (89,784) | (76,696) | (67,194) | (77,649) | (76,591) | | Gross Operating Profit | 90,109 | 84,638 | 59,070 | 79,654 | 71,575 | | | Selling/General/Admin Expense | (43,356) | (41,554) | (32,887) | (29,709) | (27,390) | | Research & Development | (42,699) | (40,914) | (34,378) | (29,424) | (26,030) | | EBITDA | 4,054 | 2,170 | (8,195) | 20,521 | 18,155 | | Depreciation & Amortization | (12,097) | (14,453) | (9,140) | (8,197) | (10,983) | | EBIT | (8,043) | (12,283) | (17,335) | 12,324 | 7,172 | | Interest Income | 1,981 | 1,451 | 2,068 | 1,004 | 1,866 | | Other Income, Net | 10,031 | - | - | - | - | | Total Income Avail For Interest Expense | 5,112 | (9,710) | (15,228) | 13,180 | 8,862 | | Interest Expense | (54) | (96) | (30) | (42) | (132) | | Pre-Tax Income | 5,058 | (9,806) | (15,258) | 13,138 | 8,730 | | Income Taxes | (2,156) | 1,632 | 2,941 | (3,200) | (3,169) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 2,902 | (8,174) | (12,317) | 9,938 | 5,561 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 2,902 | (8,174) | (12,317) | 9,938 | 5,561 | | | Normalized Income | 2,902 | (8,024) | (12,317) | 9,938 | 5,874 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (150) | - | - | (313) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 2,902 | (8,174) | (12,317) | 9,938 | 5,561 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.10 | -0.28 | -0.44 | 0.36 | 0.21 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.10 | -0.28 | -0.44 | 0.36 | 0.21 | | | Diluted EPS from Continuing Operations | 0.10 | -0.28 | -0.44 | 0.34 | 0.20 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.10 | -0.28 | -0.44 | 0.34 | 0.20 | | | |
