| Income Statement for Targeted Genetics Corp. (TGEN) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 10,332 | 9,864 | 6,874 | 9,652 | 14,073 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 602 | 720 | 1,319 | 1,289 | 2,420 | | Gross Operating Profit | 10,934 | 10,584 | 8,193 | 10,941 | 16,493 | | | Selling/General/Admin Expense | (7,029) | (6,382) | (6,313) | (6,650) | (5,490) | | Research & Development | (17,709) | (14,482) | (18,199) | (17,288) | (17,197) | | EBITDA | (13,804) | (10,280) | (16,319) | (12,997) | (6,194) | | Depreciation & Amortization | (602) | (720) | (1,319) | (1,289) | (2,420) | | EBIT | (14,406) | (11,000) | (17,638) | (14,286) | (8,614) | | Interest Income | 428 | - | - | - | - | | Other Income, Net | - | 567 | 661 | 383 | 183 | | Total Income Avail For Interest Expense | (16,126) | (33,579) | (18,686) | (13,781) | (13,621) | | Interest Expense | (1) | (411) | (512) | (476) | (1,212) | | Pre-Tax Income | (16,127) | (33,990) | (19,198) | (14,257) | (14,833) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (16,127) | (33,990) | (19,198) | (14,257) | (14,833) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (16,127) | (33,990) | (19,198) | (14,257) | (14,833) | | | Normalized Income | (13,979) | (10,844) | (17,489) | (14,379) | (9,643) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (2,148) | (23,146) | (1,709) | 122 | (5,190) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (16,127) | (33,990) | (19,198) | (14,257) | (14,833) | | | 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 | -0.98 | -3.47 | -2.20 | -1.80 | -2.60 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.98 | -3.47 | -2.20 | -1.80 | -2.60 | | | Diluted EPS from Continuing Operations | -0.98 | -3.47 | -2.20 | -1.80 | -2.60 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.98 | -3.47 | -2.20 | -1.80 | -2.60 | | | |
