Korver Corp. (KOVR)

Korver Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2004	FY 2003	FY 2002
Period Ending	Sep 30, 2004	Mar 31, 2004	Mar 31, 2003	Mar 31, 2002
Revenue	0.73	0.73	1.01	1.18
Revenue Growth (YoY)	-14.58%	-27.50%	-14.95%	-
Cost of Revenue	0.53	0.67	0.88	0.79
Gross Profit	0.21	0.06	0.13	0.39
Selling, General & Admin	0.32	0.37	0.44	0.41
Operating Expenses	0.32	0.37	0.44	0.41
Operating Income	-0.11	-0.31	-0.31	-0.02
Other Non Operating Income (Expenses)	-0.04	-0.04	-0.07	-0
Pretax Income	-0.15	-0.36	-0.38	-0.02
Income Tax Expense	-0.05	-0.05	-	-0
Net Income	-0.1	-0.31	-0.38	-0.02
Net Income to Common	-0.1	-0.31	-0.38	-0.02
Free Cash Flow	-	-0.15	-0.14	-0.02
Gross Margin	28.37%	7.90%	12.72%	33.13%
Operating Margin	-15.33%	-42.91%	-30.63%	-1.52%
Profit Margin	-14.20%	-42.39%	-37.87%	-1.35%
Free Cash Flow Margin	-	-20.62%	-13.85%	-1.80%
EBITDA	-0.1	-0.3	-0.29	0.01
EBITDA Margin	-13.21%	-40.80%	-29.16%	0.45%
D&A For EBITDA	0.02	0.02	0.01	0.02
EBIT	-0.11	-0.31	-0.31	-0.02
EBIT Margin	-15.33%	-42.91%	-30.63%	-1.52%
Advertising Expenses	-	0.04	0.06	-

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