Celerity Solutions Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 1999	FY 1998	FY 1997	FY 1996	FY 1995
Period Ending	Dec '99 Dec 31, 1999	Mar '99 Mar 31, 1999	Mar '98 Mar 31, 1998	Mar '97 Mar 31, 1997	Mar '96 Mar 31, 1996	Mar '95 Mar 31, 1995
Revenue	8.41	11.47	6.18	1.93	4.35	4.22
Revenue Growth (YoY)	-27.79%	85.59%	220.80%	-55.73%	3.12%	-
Cost of Revenue	4.57	6.74	3.41	1.47	-	-
Gross Profit	3.84	4.72	2.77	0.46	4.35	4.22
Selling, General & Admin	2.64	4.22	2.41	1.54	1.51	2.67
Research & Development	1.96	1.71	0.88	0.9	2.37	3.48
Amortization of Goodwill & Intangibles	0.35	0.32	0.19	-	-	2.62
Operating Expenses	4.95	6.25	3.48	2.44	4.22	8.97
Operating Income	-1.11	-1.52	-0.72	-1.98	0.13	-4.75
Interest Expense	-0.1	-0.22	-0.21	-	-	-
Interest & Investment Income	0.04	0.11	0.24	0.27	0.36	0.36
EBT Excluding Unusual Items	-1.17	-1.63	-0.68	-1.71	0.5	-4.4
Merger & Restructuring Charges	-0.36	-0.44	-	-0.46	-	-
Gain (Loss) on Sale of Assets	-	-	2.04	-0.04	2.54	0.05
Other Unusual Items	-1.35	-1.35	-	-	-	-
Pretax Income	-2.87	-3.41	-1.85	-4.41	3.04	-4.35
Income Tax Expense	-0.4	-0.52	0.14	-	0.06	-
Net Income	-2.47	-2.89	-2	-4.41	2.98	-4.35
Preferred Dividends & Other Adjustments	-	-	-	-	-0.07	-
Net Income to Common	-2.47	-2.89	-2	-4.41	3.05	-4.35
Shares Outstanding (Basic)	9	8	7	5	5	6
Shares Outstanding (Diluted)	9	8	7	5	5	6
Shares Change (YoY)	14.82%	20.69%	37.67%	-7.64%	-7.11%	-
EPS (Basic)	-0.27	-0.36	-0.30	-0.91	0.58	-0.77
EPS (Diluted)	-0.27	-0.36	-0.30	-0.91	0.58	-0.77
Free Cash Flow	-0.23	-1.56	-0.34	-1.47	0	-1.39
Free Cash Flow Per Share	-0.02	-0.19	-0.05	-0.30	-	-0.25
Gross Margin	45.64%	41.18%	44.76%	23.89%	100.00%	100.00%
Operating Margin	-13.18%	-13.29%	-11.58%	-102.80%	3.08%	-112.66%
Profit Margin	-29.39%	-25.21%	-32.29%	-228.97%	70.14%	-103.11%
Free Cash Flow Margin	-2.68%	-13.60%	-5.55%	-76.52%	0.03%	-32.92%
EBITDA	-0.69	-1.11	-0.39	-1.78	0.47	-4.54
EBITDA Margin	-8.23%	-9.70%	-6.32%	-92.38%	10.77%	-107.70%
D&A For EBITDA	0.42	0.41	0.32	0.2	0.33	0.21
EBIT	-1.11	-1.52	-0.72	-1.98	0.13	-4.75
EBIT Margin	-13.18%	-13.29%	-11.58%	-102.80%	3.08%	-112.66%
Effective Tax Rate	-	-	-	-	2.00%	-
Revenue as Reported	8.41	11.47	6.18	1.93	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.