| Income Statement for Westell Technologies Inc. (WSTL) | | | | | | | Income | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Operating Revenue | 208,411 | 260,090 | 283,171 | 270,263 | 235,739 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (140,364) | (167,887) | (189,282) | (180,983) | (148,129) | | Gross Operating Profit | 68,047 | 92,203 | 93,889 | 89,280 | 87,610 | | | Selling/General/Admin Expense | (47,741) | (47,850) | (41,395) | (39,579) | (37,748) | | Research & Development | (22,705) | (24,387) | (20,274) | (15,911) | (17,385) | | EBITDA | (2,399) | 19,966 | 32,220 | 33,790 | 32,477 | | Depreciation & Amortization | (7,852) | (7,978) | (9,476) | (9,415) | (9,324) | | EBIT | (10,251) | 11,988 | 22,744 | 24,375 | 23,153 | | Interest Income | - | - | - | - | - | | Other Income, Net | 3,868 | 3,183 | 974 | 2,349 | 615 | | Total Income Avail For Interest Expense | (22,255) | 14,828 | 23,275 | 27,517 | 23,070 | | Interest Expense | (12) | (7) | (12) | (60) | (743) | | Pre-Tax Income | (22,267) | 14,821 | 23,263 | 27,457 | 22,327 | | Income Taxes | (53,703) | (5,892) | (10,112) | 12,757 | 12,923 | | Minority Interest | (260) | (235) | (304) | (520) | (373) | | Net Income from Continuing Operations | (76,230) | 8,694 | 12,847 | 39,694 | 34,877 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (76,230) | 8,694 | 12,847 | 39,694 | 34,877 | | | Normalized Income | (60,358) | 9,037 | 13,290 | 38,901 | 35,575 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (15,872) | (343) | (443) | 793 | (698) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (76,230) | 8,694 | 12,847 | 39,694 | 34,877 | | | 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 | -1.08 | 0.12 | 0.18 | 0.58 | 0.52 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.08 | 0.12 | 0.18 | 0.58 | 0.52 | | | Diluted EPS from Continuing Operations | -1.08 | 0.12 | 0.18 | 0.56 | 0.49 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.08 | 0.12 | 0.18 | 0.56 | 0.49 | | | |
