| Income Statement for VASCO Data Security International Inc. (VDSI) | | | | After Hours: $ 7.21 | 0.00 (0.00%) | Volume: 2.5 k | 4:00 PM EDT Oct 7, 2008 | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 119,980 | 76,062 | 54,579 | 29,893 | 22,866 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (38,893) | (23,710) | (19,803) | (8,450) | (7,949) | | Gross Operating Profit | 81,087 | 52,352 | 34,776 | 21,443 | 14,917 | | | Selling/General/Admin Expense | (37,750) | (26,639) | (19,340) | (12,354) | (10,452) | | Research & Development | (9,440) | (5,529) | (3,579) | (2,835) | (2,281) | | EBITDA | 33,897 | 20,184 | 11,857 | 6,254 | 2,184 | | Depreciation & Amortization | (3,004) | (1,242) | (1,076) | (734) | (1,061) | | EBIT | 30,893 | 18,942 | 10,781 | 5,520 | 1,123 | | Interest Income | 479 | 121 | 69 | 120 | - | | Other Income, Net | (384) | 178 | 506 | (539) | 115 | | Total Income Avail For Interest Expense | 30,988 | 18,641 | 11,528 | 5,133 | 1,238 | | Interest Expense | - | - | - | - | (80) | | Pre-Tax Income | 30,988 | 18,641 | 11,528 | 5,133 | 1,158 | | Income Taxes | (10,025) | (6,054) | (3,827) | (1,880) | (397) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 20,963 | 12,587 | 7,701 | 3,253 | 761 | | Net Income from Discontinued Operations | - | - | - | - | 1,995 | | Net Income from Total Operations | 20,963 | 12,587 | 7,701 | 3,253 | 2,756 | | | Normalized Income | 20,963 | 13,187 | 7,529 | 3,221 | 761 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | (600) | 172 | 32 | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 20,963 | 12,587 | 7,701 | 3,253 | 2,756 | | | 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 | - | - | 14 | 232 | 4,471 | | | Basic EPS from Continuing Operations | 0.57 | 0.35 | 0.22 | 0.09 | -0.13 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | | Basic EPS from Total Operations | 0.57 | 0.35 | 0.22 | 0.09 | -0.06 | | | Diluted EPS from Continuing Operations | 0.55 | 0.33 | 0.21 | 0.09 | -0.13 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | | Diluted EPS from Total Operations | 0.55 | 0.33 | 0.21 | 0.09 | -0.06 | | | |
