Global Seafood Technologies, Inc. (GSFD)

GSFD Income Statement

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

Fiscal Year	TTM	FY 2003	FY 2002	FY 2001	FY 2000	FY 1999
Period Ending	Jun 30, 2003	Mar 31, 2003	Mar 31, 2002	Mar 31, 2001	Mar 31, 2000	Mar 31, 1999
Revenue	9.5	9.21	13.74	17.08	13.59	13.02
Revenue Growth (YoY)	-26.40%	-32.96%	-19.53%	25.63%	4.44%	-7.40%
Cost of Revenue	7.55	7.39	10.7	14.72	10.36	11.35
Gross Profit	1.95	1.82	3.04	2.36	3.23	1.67
Selling, General & Admin	2.62	2.73	3.35	2.87	2.96	1.01
Other Operating Expenses	0.03	0.03	0.03	0.03	-	-
Operating Expenses	3.15	3.25	3.81	3.24	3.34	1.33
Operating Income	-1.2	-1.43	-0.77	-0.89	-0.1	0.34
Interest Expense	-0.14	-0.15	-0.14	-0.15	-0.12	-0.1
Interest & Investment Income	0	0	0.01	0.04	0.03	0.01
Other Non Operating Income (Expenses)	0.07	0.06	0.07	0.25	0.03	0.03
EBT Excluding Unusual Items	-1.27	-1.51	-0.83	-0.75	-0.16	0.28
Gain (Loss) on Sale of Assets	-0.28	-0.28	-	-	-0.05	0.01
Asset Writedown	-0.17	-0.17	-	-	-0.78	-
Pretax Income	-1.72	-1.96	-0.83	-0.75	-0.99	0.29
Income Tax Expense	-0	-	-0.28	-0.36	-	0.01
Earnings From Continuing Operations	-1.72	-1.96	-0.55	-0.4	-0.99	0.28
Earnings From Discontinued Operations	-	-	-	-0.09	-0.05	-0.25
Net Income	-1.72	-1.96	0.37	-0.49	-1.04	0.03
Net Income to Common	-1.72	-1.96	0.37	-0.49	-1.04	0.03
Net Income Growth	-	-	-	-	-	-77.90%
Shares Outstanding (Basic)	16	16	16	13	13	12
Shares Outstanding (Diluted)	16	16	16	13	13	12
Shares Change (YoY)	1.78%	3.31%	19.29%	5.13%	6.84%	3.19%
EPS (Basic)	-0.11	-0.12	0.02	-0.04	-0.08	0.00
EPS (Diluted)	-0.11	-0.12	0.02	-0.04	-0.08	-0.00
Free Cash Flow	-0.32	-1.26	-0.96	-0.66	-2.03	0.21
Free Cash Flow Per Share	-0.02	-0.08	-0.06	-0.05	-0.16	0.02
Gross Margin	20.53%	19.79%	22.11%	13.80%	23.79%	12.83%
Operating Margin	-12.61%	-15.52%	-5.59%	-5.20%	-0.77%	2.63%
Profit Margin	-18.10%	-21.30%	2.71%	-2.84%	-7.62%	0.22%
Free Cash Flow Margin	-3.32%	-13.69%	-6.95%	-3.84%	-14.95%	1.62%
EBITDA	-0.72	-0.96	-0.38	-0.57	0.27	0.66
EBITDA Margin	-7.56%	-10.44%	-2.74%	-3.33%	1.98%	5.08%
D&A For EBITDA	0.48	0.47	0.39	0.32	0.37	0.32
EBIT	-1.2	-1.43	-0.77	-0.89	-0.1	0.34
EBIT Margin	-12.61%	-15.52%	-5.59%	-5.20%	-0.77%	2.63%
Effective Tax Rate	-	-	-	-	-	3.30%
Advertising Expenses	-	0.01	0.04	0.02	0.08	-

Updated Aug 29, 2003. Source: S&P Global Market Intelligence. Standard template. Financial Sources.