| Income Statement for White Electronic Designs Corp. (WEDC) | | | | | | | Income | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Operating Revenue | 104,237 | 108,928 | 117,031 | 108,962 | 113,534 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (69,909) | (72,026) | (78,837) | (73,522) | (71,107) | | Gross Operating Profit | 34,328 | 36,902 | 38,194 | 35,440 | 42,427 | | | Selling/General/Admin Expense | (21,144) | (18,970) | (19,704) | (18,498) | (16,607) | | Research & Development | (6,769) | (6,592) | (5,634) | (6,036) | (6,015) | | EBITDA | 6,415 | 11,340 | 12,856 | 10,906 | 19,805 | | Depreciation & Amortization | (3,885) | (4,160) | (4,067) | (4,416) | (4,846) | | EBIT | 2,530 | 7,180 | 8,789 | 6,490 | 14,959 | | Interest Income | 2,540 | 2,180 | 1,138 | 454 | 250 | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | 3,656 | 8,996 | (1,508) | 6,944 | 15,209 | | Interest Expense | - | - | - | (2) | (88) | | Pre-Tax Income | 3,656 | 8,996 | (1,508) | 6,942 | 15,121 | | Income Taxes | (570) | (2,983) | (2,027) | (2,135) | (4,971) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 3,086 | 6,013 | (3,535) | 4,807 | 10,150 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 3,086 | 6,013 | (3,535) | 4,807 | 10,150 | | | Normalized Income | 4,500 | 6,377 | 7,900 | 4,807 | 10,150 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (1,414) | (364) | (11,435) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 3,086 | 6,013 | (3,535) | 4,807 | 10,150 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.13 | 0.25 | -0.14 | 0.20 | 0.48 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.13 | 0.25 | -0.14 | 0.20 | 0.48 | | | Diluted EPS from Continuing Operations | 0.13 | 0.24 | -0.14 | 0.19 | 0.44 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.13 | 0.24 | -0.14 | 0.19 | 0.44 | | | |
