Summit Environmental Corporation, Inc. (SEVT)

SEVT Income Statement

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

Fiscal Year	FY 2006	FY 2005	FY 2004	FY 2003	FY 2002
Period Ending	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002
Revenue	0.35	1.79	0.19	0.18	0.13
Revenue Growth (YoY)	-80.29%	840.47%	5.54%	41.60%	4.89%
Cost of Revenue	1.29	1.06	0.17	0.45	0.06
Gross Profit	-0.94	0.73	0.02	-0.27	0.06
Selling, General & Admin	3.28	1.59	0.98	0.74	1.22
Amortization of Goodwill & Intangibles	0.18	0.18	0.17	0.17	0.16
Operating Expenses	3.49	1.78	1.16	0.92	1.4
Operating Income	-4.42	-1.05	-1.14	-1.19	-1.33
Interest Expense	-0.12	-0.04	-0	-	-0
Interest & Investment Income	0.01	0.01	0	0	0
Other Non Operating Income (Expenses)	-0.03	0	0	0	0
EBT Excluding Unusual Items	-4.56	-1.08	-1.14	-1.19	-1.33
Asset Writedown	-0.18	-0	-	-	-
Pretax Income	-4.75	-1.09	-1.14	-1.19	-1.33
Earnings From Continuing Operations	-4.75	-1.09	-1.14	-1.19	-1.33
Net Income	-4.75	-1.09	-1.14	-1.19	-1.33
Net Income to Common	-4.75	-1.09	-1.14	-1.19	-1.33
Shares Outstanding (Basic)	26	24	21	16	14
Shares Outstanding (Diluted)	26	24	21	16	14
Shares Change (YoY)	7.96%	15.28%	26.85%	16.66%	10.03%
EPS (Basic)	-0.18	-0.05	-0.05	-0.07	-0.09
EPS (Diluted)	-0.18	-0.05	-0.05	-0.07	-0.09
Free Cash Flow	-1.32	-1.31	-0.97	-0.52	-0.55
Free Cash Flow Per Share	-0.05	-0.06	-0.05	-0.03	-0.04
Gross Margin	-264.66%	40.64%	9.01%	-148.42%	49.87%
Operating Margin	-1250.55%	-58.75%	-598.51%	-658.69%	-1044.43%
Profit Margin	-1343.02%	-60.72%	-596.10%	-656.38%	-1041.10%
Free Cash Flow Margin	-372.86%	-73.19%	-506.23%	-286.41%	-429.09%
EBITDA	-4.22	-0.86	-0.96	-1.01	-1.16
EBITDA Margin	-	-47.91%	-	-	-
D&A For EBITDA	0.2	0.19	0.18	0.18	0.17
EBIT	-4.42	-1.05	-1.14	-1.19	-1.33
EBIT Margin	-	-58.75%	-	-	-
Revenue as Reported	0.35	1.79	0.19	0.18	-

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