| Income Statement for TeleCommunication Systems Inc. (TSYS) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 144,168 | 124,936 | 102,153 | 142,925 | 92,065 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (90,067) | (67,703) | (52,193) | (85,082) | (51,181) | | Gross Operating Profit | 54,101 | 57,233 | 49,960 | 57,843 | 40,884 | | | Selling/General/Admin Expense | (31,251) | (28,672) | (25,606) | (33,285) | (20,168) | | Research & Development | (13,072) | (12,586) | (13,852) | (19,598) | (16,932) | | EBITDA | 9,778 | 15,975 | 10,502 | 4,960 | 3,784 | | Depreciation & Amortization | (6,348) | (10,823) | (13,542) | (12,365) | (16,178) | | EBIT | 3,430 | 5,152 | (3,040) | (7,405) | (12,394) | | Interest Income | - | - | - | - | - | | Other Income, Net | 508 | 22 | (104) | (61) | (4) | | Total Income Avail For Interest Expense | 3,938 | 5,174 | (3,144) | (15,352) | (12,398) | | Interest Expense | (4,952) | (3,198) | (1,172) | (3,196) | (1,088) | | Pre-Tax Income | (1,014) | 1,976 | (4,316) | (18,548) | (13,486) | | Income Taxes | - | - | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (1,014) | 1,976 | (4,316) | (18,548) | (13,486) | | Net Income from Discontinued Operations | (275) | (23,671) | (7,151) | - | - | | Net Income from Total Operations | (1,289) | (21,695) | (11,467) | (18,548) | (13,486) | | | Normalized Income | (1,014) | 1,976 | (4,316) | (10,662) | (13,486) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (7,886) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (1,289) | (21,695) | (11,467) | (18,548) | (13,486) | | | 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 | -0.02 | 0.05 | -0.11 | -0.56 | -0.45 | | Basic EPS from Discontinued Operations | -0.01 | -0.60 | -0.19 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.03 | -0.55 | -0.30 | -0.56 | -0.45 | | | Diluted EPS from Continuing Operations | -0.02 | 0.05 | -0.11 | -0.56 | -0.45 | | Diluted EPS from Discontinued Operations | -0.01 | -0.59 | -0.19 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.03 | -0.54 | -0.30 | -0.56 | -0.45 | | | |
