Smartt, Inc. (CRSM)

Smartt Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2007	FY 2006
Period Ending	Dec 31, 2007	Dec 31, 2006
Revenue	4.01	3.48
Revenue Growth (YoY)	15.10%	-
Cost of Revenue	2.4	2.01
Gross Profit	1.61	1.48
Selling, General & Admin	0.39	0.37
Operating Expenses	0.39	0.37
Operating Income	1.22	1.1
Pretax Income	1.22	1.1
Income Tax Expense	0.48	0.43
Net Income	0.75	0.67
Net Income to Common	0.75	0.67
Net Income Growth	11.05%	-
Shares Outstanding (Basic)	3	-
Shares Outstanding (Diluted)	3	-
EPS (Basic)	0.25	-
EPS (Diluted)	0.25	-
Gross Margin	40.22%	42.41%
Operating Margin	30.56%	31.67%
Profit Margin	18.64%	19.32%
EBIT	1.22	1.1
EBIT Margin	30.56%	31.67%
Effective Tax Rate	39.00%	39.00%
Advertising Expenses	0.06	0.09

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