Meridian Holdings, Inc. (MRDH)

Meridian Holdings Income Statement

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

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003	FY 2002	FY 2001
Period Ending	Jun 30, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001
Revenue	1.46	1.77	2.37	2.62	2.62	2.96
Revenue Growth (YoY)	-39.42%	-25.14%	-9.87%	0.20%	-11.45%	-6.26%
Cost of Revenue	0.54	0.63	1.29	0.9	1.36	0.89
Gross Profit	0.92	1.14	1.08	1.72	1.26	2.07
Selling, General & Admin	0.54	0.82	1.55	1.52	1.37	1.96
Research & Development	-	-	-	-	-	0.08
Operating Expenses	0.78	1.06	1.55	1.52	1.37	2.04
Operating Income	0.14	0.08	-0.47	0.21	-0.11	0.03
Earnings From Equity Investments	-0.01	-0.01	-0.03	-0.05	0.11	-0.3
Other Non Operating Income (Expenses)	-0.03	-0.02	-0.02	-0.02	-0.04	0.26
EBT Excluding Unusual Items	0.1	0.05	-0.52	0.14	-0.04	-0.01
Gain (Loss) on Sale of Assets	-1.42	-1.42	-	-	-	-
Pretax Income	-1.31	-1.36	-0.52	0.14	-0.04	-0.01
Net Income	-1.31	-1.36	-0.52	0.14	-0.04	-0.01
Net Income to Common	-1.31	-1.36	-0.52	0.14	-0.04	-0.01
Shares Outstanding (Basic)	17	16	13	9	9	9
Shares Outstanding (Diluted)	17	16	13	9	9	9
Shares Change (YoY)	21.75%	19.05%	39.83%	-	-	0.07%
EPS (Basic)	-0.07	-0.09	-0.04	0.01	-0.00	-0.00
EPS (Diluted)	-0.07	-0.09	-0.04	0.01	-0.00	-0.00
Free Cash Flow	-0.13	-0.16	0.28	-0.52	0.1	-0.63
Free Cash Flow Per Share	-0.01	-0.01	0.02	-0.06	0.01	-0.07
Gross Margin	63.20%	64.40%	45.53%	65.70%	48.13%	69.97%
Operating Margin	9.71%	4.68%	-20.00%	7.94%	-4.24%	0.91%
Profit Margin	-90.09%	-76.98%	-22.08%	5.28%	-1.71%	-0.38%
Free Cash Flow Margin	-8.95%	-9.13%	11.85%	-19.69%	3.93%	-21.23%
EBITDA	0.15	0.1	-0.45	0.24	-0.06	0.2
EBITDA Margin	10.20%	5.67%	-19.23%	9.20%	-2.44%	6.75%
D&A For EBITDA	0.01	0.02	0.02	0.03	0.05	0.17
EBIT	0.14	0.08	-0.47	0.21	-0.11	0.03
EBIT Margin	9.71%	4.68%	-20.00%	7.94%	-4.24%	0.91%
Revenue as Reported	1.45	1.77	2.37	2.62	2.62	2.96

Updated Aug 22, 2006. Source: S&P Global Market Intelligence. Standard template. Financial Sources.