| Income Statement for ZipRealty Inc. (ZIPR) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 103,862 | 95,387 | 93,405 | 62,288 | 33,807 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (56,175) | (49,890) | (48,796) | (32,781) | (18,042) | | Gross Operating Profit | 47,687 | 45,497 | 44,609 | 29,507 | 15,765 | | | Selling/General/Admin Expense | (53,665) | (44,766) | (34,382) | (23,322) | (14,552) | | Research & Development | (7,320) | (5,380) | (2,749) | (2,245) | (1,717) | | EBITDA | (13,298) | (4,649) | 7,478 | 3,940 | (504) | | Depreciation & Amortization | (2,438) | (2,276) | (2,288) | (1,077) | (1,887) | | EBIT | (15,736) | (6,925) | 5,190 | 2,863 | (2,391) | | Interest Income | 4,401 | 3,907 | 2,741 | 411 | 60 | | Other Income, Net | 1 | (16) | (14) | (1) | 21 | | Total Income Avail For Interest Expense | (14,884) | (3,034) | 3,753 | 3,273 | (2,310) | | Interest Expense | - | - | - | - | (2,273) | | Pre-Tax Income | (14,884) | (3,034) | 3,753 | 3,273 | (4,583) | | Income Taxes | - | (17,560) | 16,714 | (89) | - | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (14,884) | (20,594) | 20,467 | 3,184 | (4,583) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (14,884) | (20,594) | 20,467 | 3,184 | (4,583) | | | Normalized Income | (11,334) | (20,594) | 24,631 | 3,184 | (4,583) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (3,550) | - | (4,164) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (14,884) | (20,594) | 20,467 | 3,184 | (4,583) | | | 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 | - | - | - | 3,184 | 631 | | | Basic EPS from Continuing Operations | -0.66 | -1.00 | 1.02 | 0.00 | -3.57 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.66 | -1.00 | 1.02 | 0.00 | -3.57 | | | Diluted EPS from Continuing Operations | -0.66 | -1.00 | 0.82 | 0.00 | -3.57 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.66 | -1.00 | 0.82 | 0.00 | -3.57 | | | |
