| Income Statement for Tercica Inc. (TRCA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 30,979 | 1,509 | - | - | - | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (4,037) | (1,233) | 3,110 | 3,634 | 1,467 | | Gross Operating Profit | 26,942 | 276 | 3,110 | 3,634 | 1,467 | | | Selling/General/Admin Expense | (46,251) | (44,248) | (25,913) | (12,552) | (4,834) | | Research & Development | (19,136) | (42,034) | (21,587) | (27,918) | (19,246) | | EBITDA | (38,445) | (86,006) | (44,390) | (36,836) | (22,613) | | Depreciation & Amortization | (1,971) | (434) | (3,110) | (3,634) | (1,467) | | EBIT | (40,416) | (86,440) | (47,500) | (40,470) | (24,080) | | Interest Income | 5,975 | 4,226 | 2,347 | 885 | 327 | | Other Income, Net | (3,071) | - | - | - | - | | Total Income Avail For Interest Expense | (37,512) | (82,214) | (45,153) | (41,002) | (25,423) | | Interest Expense | (1,937) | (162) | (1,080) | - | - | | Pre-Tax Income | (39,449) | (82,376) | (46,233) | (41,002) | (25,423) | | Income Taxes | (1,017) | (621) | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (40,466) | (82,997) | (46,233) | (41,002) | (25,423) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (40,466) | (82,997) | (46,233) | (41,002) | (25,423) | | | Normalized Income | (40,466) | (82,997) | (46,233) | (39,585) | (23,753) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (1,417) | (1,670) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (40,466) | (82,997) | (46,233) | (41,002) | (25,423) | | | 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 | - | - | - | - | 44,153 | | | Basic EPS from Continuing Operations | -0.80 | -2.09 | -1.51 | -2.12 | -38.59 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.80 | -2.09 | -1.51 | -2.12 | -38.59 | | | Diluted EPS from Continuing Operations | -0.80 | -2.09 | -1.51 | -2.12 | -38.59 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.80 | -2.09 | -1.51 | -2.12 | -38.59 | | | |
