| Income Statement for Westaim Corp. (WEDX) | | | | | | | Income | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Operating Revenue | 23,684 | 24,559 | 26,870 | 13,418 | 31,175 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (14,871) | (9,286) | (7,233) | (4,617) | (15,750) | | Gross Operating Profit | 8,813 | 15,273 | 19,637 | 8,801 | 15,425 | | | Selling/General/Admin Expense | (11,060) | (3,533) | (10,616) | (9,795) | (9,620) | | Research & Development | (32,551) | (31,398) | (29,577) | (19,934) | (16,325) | | EBITDA | (34,798) | (19,658) | (20,556) | (20,928) | (10,520) | | Depreciation & Amortization | (12,328) | (6,310) | (4,769) | (3,882) | (3,716) | | EBIT | (47,126) | (25,968) | (25,325) | (24,810) | (14,236) | | Interest Income | 2,731 | 1,783 | 1,499 | 507 | 1,402 | | Other Income, Net | (761) | (6,240) | (18) | (561) | - | | Total Income Avail For Interest Expense | (46,195) | (4,581) | (23,844) | (24,864) | (15,001) | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | (46,195) | (4,581) | (23,844) | (24,864) | (15,001) | | Income Taxes | 31 | (154) | (101) | (3,748) | (4,121) | | Minority Interest | 2,766 | - | - | - | - | | Net Income from Continuing Operations | (43,398) | (4,736) | (23,944) | (28,613) | (19,122) | | Net Income from Discontinued Operations | - | 12,708 | 2,962 | 1,832 | (12,496) | | Net Income from Total Operations | (43,398) | 7,972 | (20,982) | (26,781) | (31,618) | | | Normalized Income | (42,359) | (30,580) | (23,944) | (28,613) | (19,122) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (1,039) | 25,844 | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (43,398) | 7,972 | (20,982) | (26,781) | (31,618) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.46 | -0.05 | -0.28 | -0.36 | -0.25 | | Basic EPS from Discontinued Operations | 0.00 | 0.09 | 0.03 | 0.02 | -0.16 | | Basic EPS from Total Operations | -0.46 | 0.04 | -0.25 | -0.34 | -0.41 | | | Diluted EPS from Continuing Operations | -0.46 | -0.05 | -0.28 | -0.36 | -0.25 | | Diluted EPS from Discontinued Operations | 0.00 | 0.09 | 0.03 | 0.02 | -0.16 | | Diluted EPS from Total Operations | -0.46 | 0.04 | -0.25 | -0.34 | -0.41 | | | |
