| Income Statement for Transition Therapeutics Inc. (TTH:CA) | | | | | | | Income | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Operating Revenue | 1,597 | 684 | 371 | 109 | 0 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | 182 | 232 | 405 | 34 | 54 | | Gross Operating Profit | 1,779 | 916 | 776 | 143 | 54 | | | Selling/General/Admin Expense | (5,821) | (5,318) | (3,141) | (2,944) | (2,125) | | Research & Development | (12,823) | (9,839) | (11,060) | (3,944) | (3,247) | | EBITDA | (16,865) | (14,241) | (13,425) | (6,745) | (5,318) | | Depreciation & Amortization | (2,930) | (7,055) | (11,154) | (8,243) | (8,692) | | EBIT | (19,795) | (21,296) | (24,579) | (14,988) | (14,010) | | Interest Income | 2,418 | 1,226 | 413 | 514 | 262 | | Other Income, Net | 608 | (21) | (39) | (6) | 8 | | Total Income Avail For Interest Expense | (16,119) | (19,691) | (25,302) | (15,271) | (13,740) | | Interest Expense | - | - | - | - | - | | Pre-Tax Income | (16,119) | (19,691) | (25,302) | (15,271) | (13,740) | | Income Taxes | - | 2,729 | 1,760 | 1,048 | 3,181 | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (16,119) | (16,962) | (23,541) | (14,223) | (10,560) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (16,119) | (16,962) | (23,541) | (14,223) | (10,560) | | | Normalized Income | (16,769) | (17,362) | (22,922) | (13,617) | (10,560) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | 650 | 400 | (619) | (606) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (16,119) | (16,962) | (23,541) | (14,223) | (10,560) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.70 | -0.87 | -1.53 | -1.08 | -1.08 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.70 | -0.87 | -1.53 | -1.08 | -1.08 | | | Diluted EPS from Continuing Operations | -0.70 | -0.87 | -1.53 | -1.08 | -1.08 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.70 | -0.87 | -1.53 | -1.08 | -1.08 | | | |
