FlexiInternational Software Inc. (FLXI)

FLXI Income Statement

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

Fiscal Year	FY 2004	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001	Dec 31, 2000
Operating Revenue	6.21	6.48	6.96	9.52	12.44
Other Revenue	-	0.36	0.5	-	-
Revenue	6.21	6.84	7.46	9.52	12.44
Revenue Growth (YoY)	-9.20%	-8.29%	-21.62%	-23.49%	-20.05%
Cost of Revenue	1.48	1.9	2.11	2.99	4.59
Gross Profit	4.73	4.95	5.35	6.52	7.84
Selling, General & Admin	2.59	2.88	2.97	5.4	5
Research & Development	1.6	1.32	1.44	1.62	2.69
Operating Expenses	4.2	4.21	4.41	7.02	7.69
Operating Income	0.54	0.74	0.94	-0.49	0.16
Interest Expense	-0	-0.07	-0.03	-0.03	-0
EBT Excluding Unusual Items	0.54	0.67	0.91	-0.52	0.16
Impairment of Goodwill	-	-	-	-0.86	-
Pretax Income	0.54	0.67	0.91	-1.38	0.16
Income Tax Expense	0.01	-0.16	-0.33	-	-
Net Income	0.53	0.83	1.24	-1.38	0.16
Net Income to Common	0.53	0.83	1.24	-1.38	0.16
Net Income Growth	-36.23%	-33.44%	-	-	-
Shares Outstanding (Basic)	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18
Shares Change (YoY)	-2.46%	2.52%	0.40%	0.25%	1.46%
EPS (Basic)	0.03	0.05	0.07	-0.08	0.01
EPS (Diluted)	0.03	0.05	0.07	-0.08	0.01
EPS Growth	-36.23%	-33.44%	-	-	-
Free Cash Flow	-	0.6	0.74	-0.17	-0.48
Free Cash Flow Per Share	-	0.03	0.04	-0.01	-0.03
Gross Margin	76.19%	72.30%	71.73%	68.55%	63.07%
Operating Margin	8.65%	10.82%	12.62%	-5.17%	1.27%
Profit Margin	8.50%	12.11%	16.68%	-14.53%	1.26%
Free Cash Flow Margin	-	8.76%	9.92%	-1.78%	-3.86%
EBITDA	0.69	0.89	1.14	0.35	1.47
EBITDA Margin	11.09%	13.04%	15.26%	3.71%	11.80%
D&A For EBITDA	0.15	0.15	0.2	0.85	1.31
EBIT	0.54	0.74	0.94	-0.49	0.16
EBIT Margin	8.65%	10.82%	12.62%	-5.17%	1.27%
Effective Tax Rate	1.49%	-	-	-	-
Revenue as Reported	6.21	6.84	7.46	9.52	12.44

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