Hydrogen Engine Center, Inc. (HYEG)

Hydrogen Engine Center Income Statement

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

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Revenue	1.36	0.74	0.28	0.02	0.02
Revenue Growth (YoY)	83.40%	166.15%	1054.95%	23.84%	-
Cost of Revenue	1.54	1.18	0.68	0.02	0
Gross Profit	-0.19	-0.44	-0.4	0	0.02
Selling, General & Admin	2.22	3.01	3.87	0.7	0.16
Research & Development	0.83	1.37	1.3	0.42	0.03
Operating Expenses	3.04	4.38	5.16	1.12	0.19
Operating Income	-3.23	-4.82	-5.57	-1.11	-0.18
Interest Expense	-0.14	-0.17	-0.11	-0.04	-0.01
Interest & Investment Income	0.01	0.07	0.06	0.03	0
Other Non Operating Income (Expenses)	-	-	-0.13	-	-
EBT Excluding Unusual Items	-3.36	-4.92	-5.75	-1.12	-0.19
Gain (Loss) on Sale of Assets	-	-0.01	-	-	-
Other Unusual Items	-	-0.45	-	-	-
Pretax Income	-3.36	-5.37	-5.75	-1.12	-0.19
Net Income	-3.36	-5.37	-5.75	-1.12	-0.19
Preferred Dividends & Other Adjustments	-	1.89	-	-	-
Net Income to Common	-3.36	-7.26	-5.75	-1.12	-0.19
Shares Outstanding (Basic)	29	26	25	19	16
Shares Outstanding (Diluted)	29	26	25	19	16
Shares Change (YoY)	9.89%	4.43%	31.60%	17.53%	114.44%
EPS (Basic)	-0.12	-0.28	-0.23	-0.06	-0.01
EPS (Diluted)	-0.12	-0.28	-0.23	-0.06	-0.01
Free Cash Flow	-0.93	-4.25	-7.63	-2.04	-0.24
Free Cash Flow Per Share	-0.03	-0.16	-0.30	-0.11	-0.01
Gross Margin	-13.68%	-59.07%	-144.97%	19.32%	78.93%
Operating Margin	-237.45%	-650.36%	-2000.19%	-4625.90%	-916.18%
Profit Margin	-247.18%	-980.26%	-2066.60%	-4657.97%	-989.09%
Free Cash Flow Margin	-68.60%	-573.99%	-2739.57%	-8449.14%	-1242.66%
EBITDA	-2.97	-4.57	-5.42	-1.1	-0.16
EBITDA Margin	-218.87%	-	-	-	-
D&A For EBITDA	0.25	0.24	0.14	0.02	0.02
EBIT	-3.23	-4.82	-5.57	-1.11	-0.18
EBIT Margin	-237.45%	-	-	-	-
Advertising Expenses	0.01	0.03	0.17	0.03	-

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