| Income Statement for TESSCO Technologies Inc. (TESS) | | | | | | | Income | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Operating Revenue | 520,968 | 492,328 | 477,329 | 513,027 | 352,674 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (399,164) | (366,153) | (369,818) | (413,988) | (270,896) | | Gross Operating Profit | 121,804 | 126,174 | 107,512 | 99,039 | 81,778 | | | Selling/General/Admin Expense | (108,876) | (109,209) | (94,269) | (84,747) | (71,606) | | Research & Development | - | - | - | - | - | | EBITDA | 12,928 | 16,966 | 13,243 | 14,292 | 10,172 | | Depreciation & Amortization | (4,814) | (4,763) | (4,499) | (4,192) | (4,132) | | EBIT | 8,114 | 12,203 | 8,744 | 10,099 | 6,040 | | Interest Income | - | - | - | - | - | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | 8,114 | 12,203 | 8,744 | 10,099 | 6,808 | | Interest Expense | (574) | (879) | (358) | (166) | (2,006) | | Pre-Tax Income | 7,540 | 11,323 | 8,386 | 9,933 | 4,802 | | Income Taxes | (2,721) | (4,281) | (3,270) | (3,866) | (1,911) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 4,819 | 7,042 | 5,115 | 6,067 | 2,892 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 4,819 | 7,042 | 5,115 | 6,067 | 2,892 | | | Normalized Income | 4,819 | 7,042 | 5,115 | 6,067 | 2,124 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | 768 | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 4,819 | 7,042 | 5,115 | 6,067 | 2,892 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.92 | 1.22 | 0.81 | 0.94 | 0.43 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.92 | 1.22 | 0.81 | 0.94 | 0.43 | | | Diluted EPS from Continuing Operations | 0.88 | 1.17 | 0.80 | 0.93 | 0.43 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.88 | 1.17 | 0.80 | 0.93 | 0.43 | | | |
