EX-99.1 2 h54788exv99w1.htm CONSOLIDATED STATEMENTS OF OPERATIONS exv99w1
 

Exhibit 99.1
INX INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
                 
    Three Months Ended  
    December 31,  
    2007     2006  
    (In thousands, except share and  
    per share amounts)  
Revenue:
               
Products
  $ 48,621     $ 39,837  
Services
    7,978       5,978  
 
           
Total revenue
    56,599       45,815  
 
           
Cost of goods and services:
               
Products
    39,868       32,115  
Services
    5,189       4,391  
 
           
Total cost of goods and services
    45,057       36,506  
 
           
Gross profit
    11,542       9,309  
Selling, general and administrative expenses
    10,395       8,432  
 
           
Operating income
    1,147       877  
Interest (expense)
    (181 )     (72 )
Interest income
    102       38  
Other income (expense), net
          16  
 
           
Income from continuing operations before income taxes
    1,068       859  
Income tax (benefit)
    (257 )     (1 )
 
           
Net income from continuing operations
    1,325       860  
Loss from discontinued operations, net of taxes
    (14 )     (164 )
 
           
Net income
  $ 1,311     $ 696  
 
           
Net income (loss) per share:
               
Basic:
               
Net income from continuing operations
  $ 0.18     $ 0.13  
Loss from discontinued operations, net of taxes
    (0.01 )     (0.02 )
 
           
Net income per share
  $ 0.17     $ 0.11  
 
           
Diluted:
               
Net income from continuing operations
  $ 0.16     $ 0.11  
Loss from discontinued operations, net of taxes
          (0.02 )
 
           
Net income per share
  $ 0.16     $ 0.09  
 
           
Shares used in computing net income (loss) per share:
               
Basic
    7,499,620       6,571,826  
 
           
Diluted
    8,408,437       7,500,976