| Income Statement for ZixIt Corp. (ZIXI) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 24,114 | 18,358 | 13,964 | 14,127 | 5,840 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (9,200) | (8,888) | (4,547) | (10,257) | (4,535) | | Gross Operating Profit | 14,914 | 9,470 | 9,417 | 3,870 | 1,305 | | | Selling/General/Admin Expense | (17,961) | (23,188) | (26,358) | (29,399) | (19,907) | | Research & Development | (5,322) | (6,085) | (6,520) | (9,331) | (5,896) | | EBITDA | (8,369) | (19,803) | (23,461) | (34,860) | (24,498) | | Depreciation & Amortization | (1,666) | (3,664) | (9,647) | (5,621) | (3,676) | | EBIT | (10,035) | (23,467) | (33,108) | (40,481) | (28,174) | | Interest Income | - | - | 776 | 332 | - | | Other Income, Net | 2,640 | 6,021 | (1,283) | 70 | 668 | | Total Income Avail For Interest Expense | (7,750) | (18,442) | (36,659) | (40,754) | (27,506) | | Interest Expense | (171) | (1,126) | (6,848) | (801) | (13) | | Pre-Tax Income | (7,921) | (19,568) | (43,507) | (41,555) | (27,519) | | Income Taxes | (181) | 60 | (89) | (485) | (148) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (8,102) | (19,508) | (43,596) | (42,040) | (27,667) | | Net Income from Discontinued Operations | - | - | - | - | 89 | | Net Income from Total Operations | (8,102) | (19,508) | (43,596) | (42,040) | (27,578) | | | Normalized Income | (7,747) | (18,512) | (40,552) | (41,365) | (27,667) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (355) | (996) | (3,044) | (675) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (8,102) | (19,508) | (43,596) | (42,040) | (27,578) | | | 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 | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.13 | -0.34 | -1.20 | -1.33 | -1.23 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.13 | -0.34 | -1.20 | -1.33 | -1.23 | | | Diluted EPS from Continuing Operations | -0.13 | -0.34 | -1.20 | -1.33 | -1.23 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.13 | -0.34 | -1.20 | -1.33 | -1.23 | | | |
