Monarch Staffing Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2006	FY 2005	FY 2004
Period Ending	Sep '07 Sep 30, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004
Revenue	7.56	7.73	1.85	0.51
Revenue Growth (YoY)	2.68%	317.45%	266.39%	-
Cost of Revenue	6.45	6.6	1.15	0.22
Gross Profit	1.11	1.13	0.7	0.28
Selling, General & Admin	1.47	1.35	1.25	0.19
Operating Expenses	1.47	1.36	1.27	0.24
Operating Income	-0.37	-0.23	-0.58	0.04
Interest Expense	-1.17	-1.18	-0.28	-0
Interest & Investment Income	0	0	0	-
Other Non Operating Income (Expenses)	0.17	0.54	1.87	-
EBT Excluding Unusual Items	-1.36	-0.87	1.02	0.04
Gain (Loss) on Sale of Assets	-	-	-0.7	-
Pretax Income	-1.36	-0.87	0.32	0.04
Income Tax Expense	-	-	-	0.01
Earnings From Continuing Operations	-1.36	-0.87	0.32	0.03
Earnings From Discontinued Operations	-	-	-0.02	-
Net Income	-1.36	-0.87	0.3	0.03
Net Income to Common	-1.36	-0.87	0.3	0.03
Net Income Growth	-	-	918.49%	-
Shares Outstanding (Basic)	10	10	10	9
Shares Outstanding (Diluted)	10	10	10	9
Shares Change (YoY)	-2.63%	-	7.16%	-
EPS (Basic)	-0.14	-0.09	0.03	0.00
EPS (Diluted)	-0.14	-0.09	0.03	0.00
EPS Growth	-	-	850.47%	-
Free Cash Flow	-0.25	-1.36	0.24	0.08
Free Cash Flow Per Share	-0.03	-0.14	0.03	0.01
Gross Margin	14.64%	14.62%	37.61%	56.38%
Operating Margin	-4.84%	-2.92%	-31.20%	8.87%
Profit Margin	-18.06%	-11.21%	16.16%	5.82%
Free Cash Flow Margin	-3.34%	-17.61%	13.14%	15.02%
EBITDA	-	-0.22	-0.58	0.05
EBITDA Margin	-	-2.90%	-31.11%	9.77%
D&A For EBITDA	-	0	0	0
EBIT	-0.37	-0.23	-0.58	0.04
EBIT Margin	-4.84%	-2.92%	-31.20%	8.87%
Effective Tax Rate	-	-	-	28.15%
Revenue as Reported	-	-	-	0.51

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