| Income Statement for VisionSciences Inc. (VSCI) | | | | | | | Income | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Operating Revenue | 9,949 | 9,487 | 11,150 | 10,326 | 9,927 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (8,301) | (7,044) | (8,058) | (7,064) | (5,951) | | Gross Operating Profit | 1,649 | 2,442 | 3,092 | 3,262 | 3,976 | | | Selling/General/Admin Expense | (8,178) | (5,184) | (4,635) | (4,080) | (6,876) | | Research & Development | (3,441) | (2,372) | (2,228) | (1,422) | (689) | | EBITDA | (9,971) | (5,113) | (3,771) | (2,240) | (3,589) | | Depreciation & Amortization | (255) | (490) | (456) | (318) | (205) | | EBIT | (10,225) | (5,603) | (4,227) | (2,558) | (3,794) | | Interest Income | 1,022 | 151 | 197 | 46 | 30 | | Other Income, Net | 95 | (12) | (3) | 11 | 15 | | Total Income Avail For Interest Expense | (9,333) | 20,633 | (4,032) | (2,500) | (3,748) | | Interest Expense | (9) | (1) | (3) | (5) | - | | Pre-Tax Income | (9,343) | 20,632 | (4,036) | (2,505) | (3,748) | | Income Taxes | - | (520) | - | - | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (9,343) | 20,112 | (4,036) | (2,505) | (3,748) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (9,343) | 20,112 | (4,036) | (2,505) | (3,748) | | | Normalized Income | (10,118) | (5,985) | (4,036) | (2,505) | (3,748) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | 775 | 26,097 | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (9,343) | 20,112 | (4,036) | (2,505) | (3,748) | | | 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 | -0.26 | 0.57 | -0.11 | -0.08 | -0.12 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.26 | 0.57 | -0.11 | -0.08 | -0.12 | | | Diluted EPS from Continuing Operations | -0.26 | 0.56 | -0.11 | -0.08 | -0.12 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.26 | 0.56 | -0.11 | -0.08 | -0.12 | | | |
