Comtex News Network, Inc.

Selected Financial Information

(unaudited)

 

 

 

 

 

Three Months

 

 

 Ended September 30,

 

 

        2005

    2004

 

 

 

 

Revenues

 

$   1,996

$   1,987

Operating Income

 

104

132

Net Income

 

$        63

$        96

 

 

 

 

Net Income Per Share

 

 

 

     Basic

 

$    0.01

$     0.01

     Diluted

 

 

$    0.01

$    0.01

 

 

 

 

Weighted Avg. # Shares:

 

 

 

     Basic

 

13,600

13,599

     Diluted

 

14,784

14,707

 

 

 

 

 

 

 

 

Reconciliation to EBITDA:

 

 

 

Net Income

 

$     63

$      96

Stock-based compensation

 

117

-

Depreciation & Amortization

 

106

180

Interest/Other Expense

 

25

35

Income Taxes

 

16

-

EBITDA

 

$    327

$    311

 

 

Please Note:  EBITDA consists of earnings before interest and other expense, interest and other income, income taxes, stock-based compensation, depreciation and amortization and impairment charges. EBITDA is not a term defined by generally accepted accounting principles, and as a result, our measure of EBITDA might not be comparable to similarly titled measures used by other companies.  However, we believe that EBITDA is relevant and useful information, which is often reported and widely used by analysts, investors and other interested parties in our industry.  Accordingly, we are disclosing this information to permit a more comprehensive analysis of our operating performance.