1mage Software Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2004	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Jun '05 Jun 30, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003	Dec '02 Dec 31, 2002	Dec '01 Dec 31, 2001	Dec '00 Dec 31, 2000
Revenue	1.41	1.4	2.1	2.24	2.78	2.16
Revenue Growth (YoY)	-27.35%	-33.68%	-6.14%	-19.23%	28.36%	19.73%
Cost of Revenue	0.71	0.77	0.92	1.15	1.11	0.93
Gross Profit	0.7	0.63	1.19	1.09	1.67	1.23
Selling, General & Admin	0.89	1.21	1.21	1.37	1.5	1.21
Operating Expenses	0.89	1.21	1.21	1.37	1.5	1.21
Operating Income	-0.19	-0.59	-0.03	-0.28	0.17	0.02
Interest Expense	-0.12	-0.09	-0.03	-0.01	-0.01	-0.02
Interest & Investment Income	0	0	0	0	0	0.01
Other Non Operating Income (Expenses)	0	0	0.14	-	-	-
EBT Excluding Unusual Items	-0.31	-0.67	0.09	-0.28	0.16	0.01
Legal Settlements	-0.39	-0.39	-	-	-	-
Pretax Income	-0.7	-1.06	0.09	-0.28	0.16	0.01
Income Tax Expense	0.06	0.06	-0.01	-	-0.05	0
Net Income	-0.76	-1.12	0.1	-0.28	0.21	0.01
Net Income to Common	-0.76	-1.12	0.1	-0.28	0.21	0.01
Net Income Growth	-	-	-	-	2489.61%	-
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change (YoY)	0.54%	1.90%	2.86%	-	2.98%	31.15%
EPS (Basic)	-0.23	-0.34	0.03	-0.09	0.07	0.00
EPS (Diluted)	-0.23	-0.34	0.03	-0.09	0.07	0.00
EPS Growth	-	-	-	-	2415.26%	-
Free Cash Flow	0.02	-0.03	0.26	0.03	0.54	0.09
Free Cash Flow Per Share	0.01	-0.01	0.08	0.01	0.17	0.03
Gross Margin	49.43%	44.86%	56.52%	48.57%	60.03%	56.84%
Operating Margin	-13.74%	-42.07%	-1.20%	-12.32%	6.00%	0.83%
Profit Margin	-54.01%	-80.51%	4.54%	-12.59%	7.61%	0.38%
Free Cash Flow Margin	1.24%	-2.20%	12.22%	1.43%	19.28%	4.23%
EBITDA	-0.2	-0.57	-0.01	-0.25	0.49	0.36
EBITDA Margin	-14.01%	-40.91%	-0.33%	-11.34%	17.80%	16.66%
D&A For EBITDA	-0	0.02	0.02	0.02	0.33	0.34
EBIT	-0.19	-0.59	-0.03	-0.28	0.17	0.02
EBIT Margin	-13.74%	-42.07%	-1.20%	-12.32%	6.00%	0.83%
Effective Tax Rate	-	-	-	-	-	23.46%
Revenue as Reported	1.41	1.4	2.1	2.24	2.78	2.16
Advertising Expenses	-	0.04	0.06	0.12	0.12	0.1

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