Electronic Arts Inc.

Q1 FY 2012 Results
July 26, 2011

Safe Harbor Statement

Please review our risk factors on Form 10-K filed with the SEC.
Some statements set forth in this document, including the estimates relating to EAs fiscal year 2012 guidance information and fiscal year 2012 title slate contain forward-looking statements that are subject to change. Statements including words such as "anticipate", "believe", estimate or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements are preliminary estimates and expectations based on current information and are subject to business and economic risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth in the forward-looking statements. Some of the factors which could cause the Companys results to differ materially from its expectations include the following: sales of the Companys titles; the Companys ability to manage expenses; the competition in the interactive entertainment industry; the effectiveness of the Companys sales and marketing programs; timely development and release of Electronic Arts products; the Companys ability to realize the anticipated benefits of acquisitions, including the PopCap acquisition; the consumer demand for, and the availability of an adequate supply of console hardware units; the Companys ability to predict consumer preferences among competing platforms; the Companys ability to service and support digital product offerings; general economic conditions; and other factors described in the Companys Annual Report on Form 10-K for the fiscal year ended March 31, 2011. These forward-looking statements are valid as of July 26, 2011 only.

Electronic Arts assumes no obligation and does not intend to update these forward-looking statements. In addition, the preliminary financial results set forth in this document are estimates based on information currently available to Electronic Arts. While Electronic Arts believes these estimates are meaningful, they could differ from the actual amounts that Electronic Arts ultimately reports in its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011. Electronic Arts assumes no obligation and does not intend to update these estimates prior to filing its Form 10-Q for the fiscal quarter ended June 30, 2011.
In addition, this presentation includes various third party estimates regarding the total available segment and other measures, which do not necessarily reflect the view of Electronic Arts. Further, Electronic Arts does not guarantee the accuracy or reliability of any such information or forecast.

Q1 Summary1
Non-GAAP Revenue and EPS Exceeds Guidance2

Frontline:

Above expectations led by Portal 2 Strong sales led by Crysis 2 and FIFA 11

Catalogue: Digital:

+24% growth YOY excluding one time items in Q1 FY11

Outlook:

FY12 revenue guidance up $150M 2 due to PopCap, FX and distribution

Capital: Repurchased 7.1 million shares for $149 million life to date

1 2

On a non-GAAP basis. As compared to our May 4, 2011 guidance

Financial Summary
GAAP
Q1 FY11 Net revenue ($, millions) 815 Q1 FY12 999

Non-GAAP
Q1 FY111 539 Q1 FY12 524

Net revenue at Q1 FY11 FX rates ($, millions) Gross profit margin

Diluted EPS (LPS)

979 72.8%
$0.29

504 59.6%
($0.24)

76.0%
$0.66

55.0%
($0.37)

Headcount

7,758

7,973

7,758

7,973

Headcount in low cost locations

Operating cash flow ($, millions) TTM operating cash flow ($, millions) TTM Digital revenue ($, millions)

21%
(148) 332 581

22%
(274) 194 799

21%
(148) 332 634

22%
(274) 194 854

Q1 FY11 includes approximately $20 million of digital revenue that the Company does not anticipate in future quarters.

Cash Flow and Cap Ex1

Trailing twelve months
Operating Cash Flow Capital Expenditures Free Cash Flow
332
257 192 131 75 61 320 260 320

261
194

114

60

59

80

Q1 FY11
1

Q2 FY11

Q3 FY11

Q4 FY11

Q1 FY12
5

$, in millions. Cap Ex and Free Cash Flow exclude the purchase of EA Redwood Shores in Q2 FY10.

Balance Sheet Highlights

Approximately $5.58/share in cash and marketable securities
Jun. 30, 2010 Jun. 30, 2011

Total Cash, Short-Term Investments, and Marketable Securities ($, millions)

Debt 1 Inventories ($, millions)

1,730
82

1,848
75

Non-GAAP Days Sales Outstanding (DSO)

Sales Returns and Allowances (SRA) as a percentage of: Trailing six month non-GAAP revenue Trailing nine month non-GAAP revenue Quarter-to-date Shares Repurchased (millions) Quarter-to-date Share Repurchase Dollar Amount ($, millions) Life-to-date Shares Repurchased (millions) Life-to-date Share Repurchase Dollar Amount ($, millions)

47

44

13% 7%

15% 8% 4.0 91 7.1 149

Remaining Authorization for Share Repurchase ($, millions) 2

1

451

EA completed its $632.5 million 0.75% Convertible Senior Notes offering on July 20, 2011 is not obligated to repurchase any specific number of shares under its Share Repurchase Program and the program may be modified, suspended or discontinued at any time
2 EA

EA Segment Share: Packaged Goods

Western World (North America and Europe)
EA ex-Distribution Distribution

First Half of Calendar Year

Fiscal Quarters

16%

17% 14% 13%

1% CY10
EA titles, ex-Distribution EA Distribution titles
Source: EA estimates.

3%
1% CY11
11 2

0% Q1 FY11
3 2

Q1 FY12
3 1
7

8 2

Packaged Goods: Catalogue

Key Catalogue Titles
Q1 FY12
Crysis 2, FIFA 11, Tiger PGA TOUR 12, Battlefield: Bad Company 2

Non-GAAP Catalogue Revenue % of Total Revenue

30% 22% 16% 27%

Q4 FY11
FIFA 11, Battlefield: Bad Company 2, Need For Speed Hot Pursuit

Q3 FY11
FIFA 11, Madden NFL 11

17%

Q2 FY11
Tiger PGA TOUR 11, Battlefield: Bad Company 2, The Sims 3, FIFA 10

Q1 FY11
Battlefield: Bad Company 2, FIFA 10

Q1 FY11

Q2 FY11

Q3 FY11

Q4 FY11

Q1 FY12
8

Interactive Entertainment
Growth from Digital and HD-Console Software
Year-Over-Year Segment Growth

Segment Performance Summary

Worldwide Interactive Entertainment
CY10 was up 8% Expect CY11 up 5-10%

30% 20% 10% 0% -10% -20% -30% -40%

27% 25% 23%

27%

27%

Sub-segments
Digital Sales
Worldwide: CY10 up approximately 25 -30% Worldwide: Expect CY11 up >20%

14%

10%
-6% 4%

Western World HD-Console and PC Software Sales

Q1 FY12 up 4%

-18% -24% -32% -24%

-18%

-19%

Q4 Q1 Q2 Q3 Q4 Q1 FY10 FY11 FY11 FY11 FY11 FY12

Worldwide Digital Sales Western World High-Definition Packaged Goods Software Sales (Includes PC) Western World Standard Definition & Handheld Software Sales
Source: EA estimates. 9

EA Segment Mix1
Weighted To Growing Digital and High Definition Platforms
Distribution Standard-Definition Packaged Goods High-Definition Packaged Goods Digital

4,086

4,159 3,828

4,000
~12%

46%

424

570

833

1,125
2

38% Digital CAGR

FY09
1 2

FY10

FY11

FY12E

$, in millions, on a non-GAAP basis. At midpoint of non-GAAP FY12 Guidance. These forward-looking statements are valid as of July 26, 2011 only. Electronic Arts assumes no obligation and does not intend 10 to update these forward-looking statements.

Worldwide Digital Segment

($, billions) Calendar Year Basis
33.1 4.7 24.8 3.8 3.1 9.6 11.3 2013E 4.4

Mobile, Handheld Console PC (MMO, Download, PDLC) PC (Free to Play, Casual, Social)
15.9 3.1 6.5 5.0 2009 8.3 2011E

12.7

Source: EA estimates.

11

EA Digital Revenue1 by Platform

Trailing Twelve Months
Consoles PC Mobile 721 833 662
140 175 250

Quarterly
854 188
252

YOY Growth 11%

209 60 58

3%

634
132

283

303

318

341

356

76

90

18%

219

219

228

242

246

54 Q1 FY11

59
Q1 FY12

9%

Q1 FY11

Q2 FY11

Q3 FY11

Q4 FY11 3

Q1 FY12

1 2 3

In millions, on a non-GAAP basis. PC includes browser and Mobile includes Handhelds. Q1FY11 includes approximately $20 million of digital revenue that the Company does not anticipate in future quarters. Q4FY11 includes approximately $27 million of digital revenue that the Company does not anticipate in future quarters.

12

EA Digital Revenue1 by Type

Trailing Twelve Months
Extra content, free-to-play Full-game downloads Mobile Subscriptions, Ads, Other 662 634
150 88 219 193 87 219

Quarterly
854 209 188
70

YOY Growth 11%

833 721
295 220 88 228 94

32%

313

53

102

23

32

39%

242

246

54

59

9%

177

163

185

202

193

58

48

-17%

Q1 FY11

Q2 FY11

Q3 FY11

Q4 FY113

Q1 FY12

Q1 FY11

Q1 FY12

1 2 3

In millions, on a non-GAAP basis. PC includes browser and Mobile includes Handhelds. Q1FY11 includes approximately $20 million of digital revenue that the Company does not anticipate in future quarters. Q4FY11 includes approximately $27 million of digital revenue that the Company does not anticipate in future quarters.

13

EA Digital Revenue1 by Title

FIFA Digital Revenue
Forecast, Through Q4FY12 Actual Revenue, Through Q1FY12

Battlefield Digital Revenue

71
7

57
4

34
64

16

18
33
-

53

2 FIFA 09 FIFA 10 FIFA 11 BFBC1 BF1943 BFBC2

1 $,

in millions, non-GAAP, as of July 26, 2011, based on actual data through Q1FY12 and projected data through Q4FY12.

14

Margin Structure
Trailing Twelve Months
GAAP FY11 Net revenue ($, millions) Gross profit margin Marketing and sales expense General and administrative expense Research and development expense
3,825 53.8% 18.1% 8.6% 31.2%

Non-GAAP FY12
3,773

FY11
3,882 54.7% 17.4% 7.1% 27.7%

FY12
3,813 60.6% 19.4% 6.9% 27.8%

59.8% 20.1% 8.0% 30.8%

Operating income margin Net income margin

(9.0%) (9.1%)

(4.8%) (4.0%)

2.5% 1.9%

6.5% 4.9%

15

Guidance1
Currency Assumptions

Exchange rates may remain volatile Current guidance FX assumptions:

$1.44 USD/Euro
EPS decreases if the Euro weakens v. USD

$1.03 USD/Canadian Dollar

R&D costs increase if the Canadian Dollar strengthens v. USD

$1.61 USD/British Pound Sterling

EPS decreases if the British Pound Sterling weakens v. USD

Using spot exchange rates as of July 22, 2011:

Neutral to FY12 non-GAAP EPS Approximately $10 million benefit to FY12 non-GAAP net revenue
1 These

forward-looking statements are valid as of July 26, 2011 only. Electronic Arts assumes no obligation and does not intend to update these forward-looking statements.

16

Guidance Revenue1 Phasing

FY12 title release plan and quarterly revenue phasing

Packaged Goods title release schedule

Q1E
4

Q2E
5

Q3E
6

Q4E
7

Net revenue

Q1E

Q2E

Q3E

Q4E

GAAP Non-GAAP
1 These

25% 13%

18% 24%

25% 39%

32% 24%

forward-looking statements are valid as of July 26, 2011 only. Electronic Arts assumes no obligation and does not intend to update these forward-looking statements. The difference in GAAP and non-GAAP quarterly phasing is due to the change in deferred revenue (packaged goods and digital content).
17

Guidance Full Year FY12

Ending March 31, 2012
GAAP Revenue ($, millions) Publishing and Other revenue ($, millions) Distribution revenue ($, millions) Digital revenue ($, millions) Total Revenue ($, millions) Gross Profit Margin Operating Expense ($, millions) Tax Expense/(Benefit) ($, millions) Net Income/(Loss) ($, millions) Earnings Per Share Diluted Shares (millions) Operating Cash Flow ($, millions) 2,525 to 2,675 250 1,050 to 1,100 3,825 to 4,025 ~61% ~2,400 ~ (30) (33) to 70 ($0.10) to $0.21 330/334 250 to 300 Non-GAAP 2,550 to 2,700 250 1,100 to 1,150 3,900 to 4,100 ~63% ~2,150 91 to 117 234 to 300 $0.70 to $0.90 334 250 to 300

These forward-looking statements are valid as of July 26, 2011 only. Electronic Arts assumes no obligation and does not intend to update these forward-looking statements.
18

Guidance Q2 FY12
Ending Sept 30, 2011
GAAP 675 to 725 41% to 42% 650 to 670 60 (340) to (289) ($1.03) to ($0.87) 331 Non-GAAP 925 to 975 ~58% 580 to 600 17 to 4 (43) to (10) $(0.13) to $(0.03) 331

Net Revenue ($, millions) Gross Profit Margin Operating Expense ($, millions) Tax Benefit ($, millions) Net (Loss) ($, millions) Loss Per Share Diluted Shares (millions)

These forward-looking statements are valid as of July 26, 2011 only. Electronic Arts assumes no obligation and does not intend to update these forward-looking statements.
19

Supplemental Financial Information

Non-GAAP Financial Measures

To supplement the Companys unaudited condensed consolidated financial statements presented in accordance with GAAP, Electronic Arts uses certain non-GAAP measures of financial performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Companys results of operations as determined in accordance with GAAP. The non-GAAP financial measures used by Electronic Arts include: non-GAAP net revenue, non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) and historical and estimated non-GAAP diluted earnings (loss) per share. These non-GAAP financial measures exclude the following items, as applicable in a given reporting period, from the Companys unaudited condensed consolidated statements of operations:

Acquisition-related expenses Amortization of debt discount Change in deferred net revenue (packaged goods and digital content) Loss on lease obligation (G&A) and facilities acquisition Loss on licensed intellectual property commitment (COGS) Gain (loss) on strategic investments Restructuring charges Stock-based compensation Income tax adjustments

The Company uses a fixed, long-term projected tax rate of 28 percent internally to evaluate its operating performance, to forecast, plan and analyze future periods, and to assess the performance of its management team. Accordingly, the Company has applied the same 28 percent tax rate to its non-GAAP financial results. Electronic Arts may consider whether other significant non-recurring items that arise in the future should also be excluded in calculating the non-GAAP financial measures it uses. Electronic Arts believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding the Companys performance by excluding certain items that may not be indicative of the Companys core business, operating results or future outlook. Electronic Arts management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing the Companys operating results both as a consolidated entity and at the business unit level, as well as when planning, forecasting and analyzing future periods. These nonGAAP financial measures also facilitate comparisons of the Companys performance to prior periods. In its earnings press release dated July 26, 2011, Electronic Arts has provided a reconciliation of the most comparable GAAP financial measure to the historical non-GAAP 21 measures.

Q1 FY12 Reconciliation
GAAP to Non-GAAP Unaudited Condensed Consolidated Statement of Operations
Three Months Ended June 30, 2011

Net revenue Cost of goods sold Gross profit Operating expenses: Marketing and sales General and administrative Research and development Acquisition-related contingent consideration Amortization of intangibles Restructuring charges Total operating expenses Operating income (loss) Interest and other income, net

GAAP Results $ 999 240 759

% of Revenue 24.0% 76.0%

Acquisitionrelated expenses $ (3) 3

Change in Deferred Net Revenue (Packaged Goods and Digital Content) $ (475) (475)

Restructuring charges $ -

Stock-Based Compensation $ (1) 1

Income Tax Adjustments $ -

Non-GAAP Results $ 524 236 288

% of Revenue 45.0% 55.0%

140 74 285 2 13 18 532 227 3 230 9 $ 221

14.0% 7.4% 28.6% 0.2% 1.3% 1.8% 53.3% 22.7% 0.3% 23.0% 0.9% 22.1% $

(2) (13) (15) 18 18 18 $

(475) (475) (475) $

(18) (18) 18 18 18 $

(5) (9) (23) (37) 38 38 38 $

(57) 57 $

135 65 262 462 (174) 3 (171) (48) (123)

25.8% 12.4% 50.0%

88.2% -33.2% 0.6% -32.6% -9.1% -23.5%

Income (loss) before provision for (benefit from) income taxes Provision for (benefit from) income taxes Net income (loss) Earnings per share Basic Diluted Number of shares used in computation Basic Diluted

$ $

0.67 0.66

Loss per share Basic and diluted

(0.37)

331 337

Number of shares used in computation Basic and diluted

331

22

Q1 FY11 Reconciliation
GAAP to Non-GAAP Unaudited Condensed Consolidated Statement of Operations
Three Months Ended June 30, 2010

Net revenue Cost of goods sold Gross profit Operating expenses: Marketing and sales General and administrative Research and development Acquisition-related contingent consideration Amortization of intangibles Restructuring charges Total operating expenses Operating income (loss) Loss on strategic investments Income (loss) before benefit from income taxes Benefit from income taxes Net income (loss) Earnings per share Basic Diluted Number of shares used in computation Basic Diluted

GAAP AcquisitionResults % of Revenue related expenses $ 815 $ 222 27.2% (3) 593 72.8% 3

Change in Deferred Net Revenue (Packaged Goods and Digital Content) $ (276) (276)

Loss on Strategic Investments $ -

Restructuring Charges $ -

Stock-Based Compensation $ (1) 1

Income Tax Adjustments $ -

Non-GAAP Results $ 539 218 321

% of Revenue 40.4% 59.6%

127 74 275 2 15 2 495 98 (5) 93 (3) $ 96

15.7% 9.1% 33.8% 0.2% 1.8% 0.2% 60.8% 12.0% -0.6% 11.4% -0.4% 11.8% $

(2) (15) (17) 20 20 20 $

(276) (276) (276) $

5 5 5 $

(2) (2) 2 2 2 $

(4) (12) (30) (46) 47 47 47 $

(28) 28 $

123 62 245 430 (109) (109) (31) (78)

22.8% 11.5% 45.5%

79.8% -20.2%

-20.2% -5.7% -14.5%

Loss per share $ $ 0.29 0.29 Basic and diluted $ (0.24)

328 332

Number of shares used in computation Basic and diluted

328

23

TTM Q1 FY12 Reconciliation

GAAP to Non-GAAP Unaudited Condensed Consolidated Statement of Operations
Trailing Twelve Months Ended June 30, 2011 Change in Deferred Net Revenue (Packaged AcquisitionGoods and related expenses Digital Content) $ - $ 40 (12) 12 40 Loss on Licensed Intellectual Property Commitment (COGS) $ 1 (1)

Net revenue Cost of goods sold Gross profit Operating expenses: Marketing and sales General and administrative Research and development Acquisition-related contingent consideration Amortization of intangibles Restructuring charges Total operating expenses Operating income (loss) Gain on strategic investments Interest and other income, net Income (loss) before provision for income taxes Provision for income taxes Net income (loss) Loss per share Basic and diluted

GAAP Results $ 3,773 1,517 2,256

% of Revenue 40.2% 59.8%

Gain on Strategic Investments $ $

Restructuring charges -

Stock-Based Compensation $ (2) 2

Income Tax Adjustments $ -

Non-GAAP Results $ 3,813 1,504 2,309

% of Revenue 39.4% 60.6%

760 301 1,163 (17) 55 177 2,439 (183) 28 13 (142) 9 $ (151)

20.1% 8.0% 30.8% -0.5% 1.5% 4.7% 64.6% -4.8% 0.7% 0.3% -3.8% 0.2% -4.0% $

17 (55) (38) 50 50 50 $

40 40 40 $

(1) (1) (1) $

(28) (28) (28) $

(177) (177) 177 177 177 $

(22) (37) (104) (163) 165 165 165 $

64 (64) $

738 264 1,059 2,061 248 13 261 73 188

19.4% 6.9% 27.8%

54.1% 6.5%

0.3% 6.8% 1.9% 4.9%

(0.47)

Earnings per share Diluted

0.57
24

TTM Q1 FY11 Reconciliation

GAAP to Non-GAAP Unaudited Condensed Consolidated Statement of Operations
Trailing Twelve Months Ended June 30, 2010 Change in Deferred Net Revenue (Packaged GAAP % of AcquisitionGoods and Results Revenue related expenses Digital Content) $ 3,825 $ - $ 57 1,767 46.2% (10) 2,058 693 328 1,192 4 56 128 2,401 (343) (15) 3 (355) (8) $ (347) 53.8% 18.1% 8.6% 31.2% 0.1% 1.5% 3.3% 62.8% -9.0% -0.4% 0.1% -9.3% -0.2% -9.1% $ 10 (4) (56) (60) 70 70 70 $ 57 57 57 57 $

Loss on Lease Obligation (G&A) $ (14) (14) 14 14 14

Net revenue Cost of goods sold Gross profit Operating expenses: Marketing and sales General and administrative Research and development Acquisition-related contingent consideration Amortization of intangibles Restructuring charges Total operating expenses Operating income (loss) Loss on strategic investments Interest and other income, net Income (loss) before provison for (benefit from) income taxes Provision for (benefit from) income taxes Net income (loss) Loss per share Basic and diluted

Loss on licensed intellectual property commitment (COGS) $ 3 (3) (3) (3) $ (3)

Loss on Strategic Investments $ 15 15 $ 15 $ $

Restructuring Charges (128) (128) 128 128 128 $ $

Stock-Based Compensation (2) 2 (17) (40) (116) (173) 175 175 175 $ $

Income Tax Adjustments 36 (36)

Non-GAAP % of Results Revenue $ 3,882 1,758 45.3% 2,124 676 274 1,076 2,026 98 3 101 28 $ 73 54.7% 17.4% 7.1% 27.7%

52.2% 2.5%

0.1% 2.6% 0.7% 1.9%

(1.08)

Earnings per share Diluted

0.22
25

Q2 FY12 Guidance Reconciliation

The following table provides a reconciliation of the non-GAAP financial measures regarding Electronic Arts Q2 FY12 Guidance to the nearest comparable GAAP financial measures. These are preliminary estimates and expectations based on current information as of July 26, 2011 and are subject to business and economic risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth herein. The reconciliation provided below reflects rounding and other approximations.
Change in Deferred Net Revenue (Packaged Goods and Digital Content)

GAAP Guidance

Acquisitionrelated expenses

Amortization of debt discount

Restructuring

Stock-Based Compensation

Tax Adjustments

Non-GAAP Guidance

Low end of Q2 guidance range

Net Revenue Approximate Gross Margin % Approximate Operating Expense Approximate Tax Expense (Benefit) Net Income (Loss) Earnings (Loss) Per Share Diluted shares (Basic for Loss) $ 675 41% 670 (60) (340) (1.03) 331 30 5 250 5 50 2% (15) 250 15% (5) (50) 43 (43) $ 925 58% 600 (17) (43) (0.13) 331

High end of Q2 guidance range

Net Revenue Approximate Gross Margin % Approximate Operating Expense Approximate Tax Expense (Benefit) Net Income (Loss) Earnings (Loss) Per Share Diluted shares (Basic for Loss) $ 725 42% 650 (60) (289) (0.87) 331 25 5 250 5 50 1% (15) 250 15% (5) (50) 56 (56) $ 975 58% 580 (4) (10) (0.03) 331

26

FY12 Guidance Reconciliation

The following table provides a reconciliation of the non-GAAP financial measures regarding Electronic Arts FY12 Guidance to the nearest comparable GAAP financial measures. These are preliminary estimates and expectations based on current information as of July 26, 2011 and are subject to business and economic risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth herein. The reconciliation provided below reflects rounding and other approximations.
Change in Deferred Net Revenue (Packaged Goods and Digital Content)

GAAP Guidance

Acquisitionrelated expenses

Amortization of debt discount

Restructuring

Stock-Based Compensation

Tax Adjustments

Non-GAAP Guidance

Low end of FY guidance range

Net Revenue Approximate Gross Margin % Approximate Operating Expense Approximate Tax Expense (Benefit) Net Income (Loss) Earnings (Loss) Per Share Diluted shares (Basic for Loss) $ 3,825 61% 2,400 (30) (32) (0.10) 330 95 15 75 28 175 1% (52) 75 1% (28) (175) 121 (121) $ 3,900 63% 2,150 91 234 0.70 334

High end of FY guidance range

Net Revenue Approximate Gross Margin % Approximate Operating Expense Approximate Tax Expense (Benefit) Net Income (Loss) Earnings (Loss) Per Share Diluted shares (Basic for Loss) $ 4,025 61% 2,400 (30) 69 0.21 334 85 15 75 28 175 1% (49) 75 1% (28) (175) 147 (147) $ 4,100 63% 2,150 117 300 0.90 334

27