Intrepid Capital Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2002	FY 2001	FY 2000	FY 1999	FY 1998
Period Ending	Sep '03 Sep 30, 2003	Dec '02 Dec 31, 2002	Dec '01 Dec 31, 2001	Dec '00 Dec 31, 2000	Dec '99 Dec 31, 1999	Dec '98 Dec 31, 1998
Operating Revenue	12.2	11.94	3.15	2.99	4.43	2.65
Other Revenue	0.3	0.26	0.15	0.25	0.06	0.11
Revenue	12.5	12.2	3.31	3.24	4.49	2.76
Revenue Growth (YoY)	222.94%	269.02%	2.09%	-27.91%	62.80%	29.57%
Cost of Revenue	8.09	8.32	3.02	3.14	4.24	2.32
Gross Profit	4.41	3.88	0.29	0.1	0.26	0.44
Selling, General & Admin	2.79	2.92	0.53	0.57	0.68	0.21
Operating Expenses	3.05	3.19	0.62	0.69	0.88	0.24
Operating Income	1.35	0.7	-0.33	-0.59	-0.62	0.2
Interest Expense	-0.11	-0.12	-0.06	-0.09	-0.06	-0.02
Other Non Operating Income (Expenses)	-0.51	-0.66	-0.28	-0.32	-0.35	-0.19
Pretax Income	0.6	-0.09	-0.67	-0.99	-1.03	-0.02
Income Tax Expense	0.51	-	-0.25	-0.16	-0.37	0
Earnings From Continuing Operations	0.09	-0.09	-0.42	-0.83	-0.66	-0.02
Earnings From Discontinued Operations	-2.07	-	-0.6	-0.02	-	-
Net Income	-1.98	-0.09	-1.02	-0.85	-0.66	-0.02
Preferred Dividends & Other Adjustments	0.18	0.13	-	-	-	-
Net Income to Common	-2.16	-0.22	-1.02	-0.85	-0.66	-0.02
Shares Outstanding (Basic)	0	0	0	0	0	-
Shares Outstanding (Diluted)	0	0	0	0	0	-
Shares Change (YoY)	9.25%	43.07%	5.57%	0.15%	-	-
EPS (Basic)	-127.48	-13.32	-86.73	-76.88	-59.95	-
EPS (Diluted)	-129.18	-13.32	-86.73	-76.88	-59.95	-
Free Cash Flow	-1.11	-0.63	-0.09	-0.67	-2.13	0.24
Free Cash Flow Per Share	-65.52	-37.84	-7.56	-60.49	-192.12	-
Gross Margin	35.27%	31.84%	8.68%	3.06%	5.68%	15.84%
Operating Margin	10.83%	5.70%	-9.97%	-18.10%	-13.82%	7.11%
Profit Margin	-17.27%	-1.83%	-30.71%	-26.33%	-14.77%	-0.73%
Free Cash Flow Margin	-8.88%	-5.20%	-2.68%	-20.71%	-47.35%	8.54%
EBITDA	1.61	0.97	-0.24	-0.47	-0.48	0.23
EBITDA Margin	12.87%	7.91%	-7.36%	-14.65%	-10.76%	8.29%
D&A For EBITDA	0.25	0.27	0.09	0.11	0.14	0.03
EBIT	1.35	0.7	-0.33	-0.59	-0.62	0.2
EBIT Margin	10.83%	5.70%	-9.97%	-18.10%	-13.82%	7.11%
Revenue as Reported	12.5	12.2	3.31	3.24	4.49	2.76

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