ICBS, Ltd. (ICBT)

ICBS, Ltd. Income Statement

Financials in millions CAD. Fiscal year is July - June.

Fiscal Year	FY 2001	FY 2000
Period Ending	Jun 30, 2001	Jun 30, 2000
Revenue	12.15	9.54
Revenue Growth (YoY)	27.36%	-
Cost of Revenue	10.92	8.44
Gross Profit	1.23	1.1
Selling, General & Admin	1.36	1.1
Research & Development	0.21	0.45
Operating Expenses	1.85	1.6
Operating Income	-0.62	-0.5
Interest Expense	-0.08	-0.06
Currency Exchange Gain (Loss)	-0	-0.03
Other Non Operating Income (Expenses)	0	0.02
EBT Excluding Unusual Items	-0.7	-0.57
Other Unusual Items	-0.04	-
Pretax Income	-0.74	-0.57
Net Income	-0.74	-0.57
Net Income to Common	-0.74	-0.57
Free Cash Flow	-1.05	-0.72
Gross Margin	10.14%	11.56%
Operating Margin	-5.08%	-5.20%
Profit Margin	-6.08%	-5.95%
Free Cash Flow Margin	-8.65%	-7.58%
EBITDA	-0.56	-0.46
EBITDA Margin	-4.60%	-4.85%
D&A For EBITDA	0.06	0.03
EBIT	-0.62	-0.5
EBIT Margin	-5.08%	-5.20%
Advertising Expenses	0.05	0.07

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