EP3Oil, Inc. (EEEP)

EP3Oil Income Statement

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

Fiscal Year	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Revenue	6.22	7.87	10.29	9.8	14.18
Revenue Growth (YoY)	-20.97%	-23.57%	5.01%	-30.89%	32.01%
Cost of Revenue	2.16	2.58	2.94	2.69	5.61
Gross Profit	4.05	5.29	7.35	7.11	8.57
Selling, General & Admin	3.23	4.63	5.96	5.76	7.73
Research & Development	1.2	1.59	1.85	1.54	1.72
Operating Expenses	5.1	6.98	8.64	8.04	10.25
Operating Income	-1.05	-1.69	-1.29	-0.93	-1.68
Interest Expense	-1.08	-0.06	-0.14	-0.27	-0.11
Other Non Operating Income (Expenses)	-0.05	0.07	-	-	0.04
EBT Excluding Unusual Items	-2.18	-1.69	-1.44	-1.2	-1.75
Other Unusual Items	-	-	0.05	0.13	-
Pretax Income	-2.18	-1.69	-1.39	-1.07	-1.75
Income Tax Expense	-0.06	0.03	-0.06	-0.08	-0.09
Earnings From Continuing Operations	-2.12	-1.72	-1.33	-0.99	-1.66
Earnings From Discontinued Operations	-	-	-0.71	0.38	-1.63
Net Income	-2.12	-1.72	-2.04	-0.62	-3.29
Net Income to Common	-2.12	-1.72	-2.04	-0.62	-3.29
Free Cash Flow	-	-	-0.02	-0.1	-0.24
Gross Margin	65.23%	67.21%	71.41%	72.53%	60.43%
Operating Margin	-16.86%	-21.51%	-12.55%	-9.54%	-11.85%
Profit Margin	-34.16%	-21.81%	-19.79%	-6.29%	-23.17%
Free Cash Flow Margin	-	-	-0.16%	-0.98%	-1.70%
EBITDA	-0.38	-0.86	-0.46	-0.19	-0.89
EBITDA Margin	-6.05%	-10.97%	-4.50%	-1.95%	-6.27%
D&A For EBITDA	0.67	0.83	0.83	0.74	0.79
EBIT	-1.05	-1.69	-1.29	-0.93	-1.68
EBIT Margin	-16.86%	-21.51%	-12.55%	-9.54%	-11.85%
Advertising Expenses	-	-	0.07	0.03	0.06

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