The Metal Arts Company Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2001	FY 2000	FY 1999	FY 1998	FY 1997
Period Ending	Jun '01 Jun 30, 2001	Jun '00 Jun 30, 2000	Jun '99 Jun 30, 1999	Jun '98 Jun 30, 1998	Jun '97 Jun 30, 1997
Revenue	1.74	1.71	1.43	2.92	1.66
Revenue Growth (YoY)	1.64%	19.78%	-51.11%	76.46%	-
Cost of Revenue	1.5	1.41	1.26	2.26	1.32
Gross Profit	0.24	0.3	0.17	0.67	0.33
Selling, General & Admin	0.36	0.37	0.35	0.78	0.39
Research & Development	-	-	0.01	0	0.03
Operating Expenses	0.36	0.37	0.36	0.78	0.41
Operating Income	-0.13	-0.07	-0.19	-0.11	-0.08
Interest Expense	-0.04	-0.07	-0.08	-0.05	-0.04
Interest & Investment Income	0	0	0	0	0
Other Non Operating Income (Expenses)	0.04	0.32	-	0.02	-
EBT Excluding Unusual Items	-0.13	0.18	-0.27	-0.14	-0.12
Legal Settlements	0.07	-	-	-	-
Pretax Income	-0.06	0.87	-0.27	-0.14	-0.12
Income Tax Expense	0.01	0.01	0	0.01	-0
Earnings From Continuing Operations	-0.07	0.86	-0.27	-0.15	-0.11
Earnings From Discontinued Operations	0.88	-0.08	0.08	-	-
Net Income to Company	0.81	0.78	-0.19	-0.15	-0.11
Minority Interest in Earnings	-	-0.01	0.04	0.01	-0.01
Net Income	0.81	0.77	-0.16	-0.15	-0.13
Net Income to Common	0.81	0.77	-0.16	-0.15	-0.13
Net Income Growth	4.94%	-	-	-	-
Shares Outstanding (Basic)	7	8	8	7	7
Shares Outstanding (Diluted)	7	8	8	7	7
Shares Change (YoY)	-1.33%	-	1.48%	0.73%	-
EPS (Basic)	0.11	0.10	-0.02	-0.02	-0.02
EPS (Diluted)	0.11	0.10	-0.02	-0.02	-0.02
EPS Growth	6.35%	-	-	-	-
Free Cash Flow	0.03	-0.07	0.02	0.12	0.01
Free Cash Flow Per Share	0.00	-0.01	0.00	0.02	0.00
Gross Margin	13.74%	17.50%	11.90%	22.86%	20.19%
Operating Margin	-7.21%	-3.92%	-13.00%	-3.77%	-4.80%
Profit Margin	46.37%	44.91%	-10.95%	-5.07%	-7.62%
Free Cash Flow Margin	1.56%	-4.34%	1.10%	4.20%	0.88%
EBITDA	0.11	0.13	-0.04	0.04	0.02
EBITDA Margin	6.38%	7.87%	-3.00%	1.30%	1.25%
D&A For EBITDA	0.24	0.2	0.14	0.15	0.1
EBIT	-0.13	-0.07	-0.19	-0.11	-0.08
EBIT Margin	-7.21%	-3.92%	-13.00%	-3.77%	-4.80%
Effective Tax Rate	-	0.79%	-	-	-

Updated May 23, 2001. Source: S&P Global Market Intelligence. Standard template. Financial Sources.