ICOA, Inc. (ICOA)

ICOA, Inc. Income Statement

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

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Mar 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Revenue	0.09	0.09	0.14	0.36	1.1	1.96
Revenue Growth (YoY)	-73.86%	-37.35%	-62.29%	-67.26%	-43.87%	-32.52%
Cost of Revenue	-0.01	0.01	0.16	0.23	0.69	1.08
Gross Profit	0.1	0.08	-0.03	0.13	0.41	0.88
Selling, General & Admin	-0.73	-0.76	838.67	0.15	0.63	1.65
Operating Expenses	-0.73	-0.76	838.68	0.15	1.09	4.49
Operating Income	0.83	0.84	-838.7	-0.03	-0.68	-3.61
Interest Expense	-0.53	-0.48	-0.76	-0.99	-1.95	-0.62
Other Non Operating Income (Expenses)	0.68	0.67	-0.44	-	-0.02	0.1
EBT Excluding Unusual Items	0.98	1.03	-839.91	-1.02	-2.65	-4.13
Other Unusual Items	-0.01	-0.01	-0.32	0.2	-	-
Pretax Income	0.98	1.03	-840.23	-0.81	-2.65	-4.13
Net Income	0.98	1.03	-840.23	-0.81	-2.65	-4.13
Net Income to Common	0.98	1.03	-840.23	-0.81	-2.65	-4.13
Shares Outstanding (Basic)	5,540	4,559	3,593	1,059	602	586
Shares Outstanding (Diluted)	5,540	4,559	3,593	1,059	602	586
Shares Change (YoY)	423.34%	26.89%	239.39%	75.82%	2.79%	25.32%
EPS (Basic)	0.00	0.00	-0.23	-0.00	-0.00	-0.01
EPS (Diluted)	0.00	0.00	-0.23	-0.00	-0.00	-0.01
Free Cash Flow	-0.01	-0.02	-1.38	0.02	-0.07	0.11
Gross Margin	111.30%	91.51%	-20.41%	35.57%	37.15%	44.81%
Operating Margin	881.95%	979.80%	-616572.38%	-7.04%	-62.13%	-183.93%
Profit Margin	1036.00%	1203.48%	-617694.29%	-225.74%	-240.61%	-210.49%
Free Cash Flow Margin	-12.17%	-25.24%	-1015.30%	4.79%	-6.47%	5.67%
EBITDA	-	0.85	-838.69	-0.02	-0.21	-0.79
EBITDA Margin	-	993.54%	-	-5.83%	-18.80%	-40.21%
D&A For EBITDA	-	0.01	0.01	0	0.48	2.82
EBIT	0.83	0.84	-838.7	-0.03	-0.68	-3.61
EBIT Margin	881.95%	979.80%	-	-7.04%	-62.13%	-183.93%
Revenue as Reported	0.09	0.09	0.14	0.36	1.1	1.96

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