| Income Statement for Technology Research Corp. (TRCI) | | | | | | | Income | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Operating Revenue | 37,160 | 37,992 | 45,620 | 39,433 | 24,337 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (26,683) | (28,183) | (33,723) | (28,671) | (13,994) | | Gross Operating Profit | 10,477 | 9,809 | 11,897 | 10,762 | 10,343 | | | Selling/General/Admin Expense | (7,219) | (7,753) | (5,967) | (5,139) | (4,305) | | Research & Development | (1,904) | (2,026) | (1,955) | (2,034) | (1,380) | | EBITDA | 1,354 | 30 | 3,975 | 3,589 | 4,658 | | Depreciation & Amortization | (1,217) | (1,185) | (1,255) | (948) | (837) | | EBIT | 137 | (1,155) | 2,720 | 2,642 | 3,821 | | Interest Income | - | - | - | - | 15 | | Other Income, Net | 182 | 3,181 | 32 | 31 | 1 | | Total Income Avail For Interest Expense | 319 | 1,888 | 2,752 | 2,672 | 3,837 | | Interest Expense | (75) | (182) | (228) | (48) | - | | Pre-Tax Income | 244 | 1,706 | 2,524 | 2,624 | 3,837 | | Income Taxes | 112 | (244) | (412) | (612) | (1,161) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 356 | 1,462 | 2,112 | 2,013 | 2,676 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 356 | 1,462 | 2,112 | 2,013 | 2,676 | | | Normalized Income | 356 | 1,600 | 2,112 | 2,013 | 2,676 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (138) | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 356 | 1,462 | 2,112 | 2,013 | 2,676 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Dividends Paid Per Share | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.06 | 0.25 | 0.37 | 0.35 | 0.48 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.06 | 0.25 | 0.37 | 0.35 | 0.48 | | | Diluted EPS from Continuing Operations | 0.06 | 0.25 | 0.36 | 0.34 | 0.46 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.06 | 0.25 | 0.36 | 0.34 | 0.46 | | | |
