Avantax (AVTA) 8-K/A Revised Preliminary Condensed Consolidated Statements of Operations

Exhibit 99.1

InfoSpace, Inc.

Revised Preliminary Condensed Consolidated Statements of Operations

(Unaudited)

(Amounts in thousands, except per share data)

	Three months ended					Year ended
	December 31, 2009		December 31, 2008			December 31, 2009			December 31, 2008
Revenues	$	70,457	$	36,748		$	207,646		$	156,727
Operating expenses:
Content and distribution		47,791		17,850			126,493			75,969
Systems and network operations		2,483		3,083			9,703			11,537
Product development		1,401		2,036			5,617			9,931
Sales and marketing		6,603		7,549			25,379			24,261
General and administrative		4,134		5,457			23,586			24,079
Depreciation and amortization		1,812		1,957			7,252			7,335
Restructuring and other, net		—		—			—			(1,880	)
Total operating expenses		64,224		37,932			198,030			151,232
Operating income (loss)		6,233		(1,184	)		9,616			5,495
Gain (loss) on investments, net		302		(6,405	)		(4,714	)		(28,520	)
Other income, net		1,137		794			2,682			7,149
Income (loss) from continuing operations before income taxes		7,672		(6,795	)		7,584			(15,876	)
Income tax benefit (expense)		70		(445	)		(181	)		(598	)
Income (loss) from continuing operations		7,742		(7,240	)		7,403			(16,474	)
Discontinued operations:
Loss from discontinued operations, net of taxes		—		(132	)		—			(1,455	)
Loss on sale of discontinued operations, net of taxes		—		(562	)		—			(770	)
Net income (loss)	$	7,742	$	(7,934	)	$	7,403		$	(18,699	)
Earnings (loss) per share - Basic
Income (loss) from continuing operations	$	0.22	$	(0.21	)	$	0.21		$	(0.48	)
Loss from discontinued operations		—		(0.00	)		—			(0.04	)
Loss on sale of discontinued operations		—		(0.02	)		—			(0.02	)
Net income (loss) per share - Basic	$	0.22	$	(0.23	)	$	0.21		$	(0.54	)
Weighted average shares outstanding used in computing basic income (loss) per share		35,094		34,548			34,983			34,415
Earnings (loss) per share - Diluted
Income (loss) from continuing operations	$	0.21	$	(0.21	)	$	0.21		$	(0.48	)
Loss from discontinued operations		—		(0.00	)		—			(0.04	)
Loss on sale of discontinued operations		—		(0.02	)		—			(0.02	)
Net income (loss) per share - Diluted	$	0.21	$	(0.23	)	$	0.21		$	(0.54	)
Weighted average shares outstanding used in computing diluted income (loss) per share		36,112		34,548			35,431			34,415

InfoSpace, Inc.

Revised Preliminary Condensed Consolidated Balance Sheets

(Unaudited)

(Amounts in thousands)

	December 31, 2009			December 31, 2008
ASSETS
Current assets:
Cash and cash equivalents	$	83,750		$	49,936
Short-term investments, available-for-sale		142,647			141,592
Accounts receivable, net		28,466			15,423
Notes and other receivables		2,953			1,349
Prepaid expenses and other current assets		2,526			1,767
Total current assets		260,342			210,067
Property and equipment, net		12,315			18,078
Long-term investments, available-for-sale		—			13,916
Goodwill		44,815			43,940
Other intangible assets, net		457			183
Other long-term assets		4,287			4,949
Total assets	$	322,216		$	291,133
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	6,736		$	6,518
Accrued expenses and other current liabilities		34,131			19,707
Liabilities of discontinued operations		—			1,109
Total current liabilities		40,867			27,334
Other long-term liabilities		1,514			1,475
Total liabilities		42,381			28,809
Stockholders’ equity:
Common stock		4			3
Additional paid-in capital		1,303,667			1,292,360
Accumulated deficit		(1,025,176	)		(1,032,579	)
Accumulated other comprehensive income		1,340			2,540
Total stockholders’ equity		279,835			262,324
Total liabilities and stockholders’ equity	$	322,216		$	291,133
Summary of cash, short-term and long-term investments:
Cash and cash equivalents	$	83,750		$	49,936
Short-term investments, available-for-sale		142,647			141,592
Long-term investments, available-for-sale		—			13,916
Cash, short-term and long-term investments	$	226,397		$	205,444

InfoSpace, Inc.

Revised Preliminary Condensed Consolidated Statements of Cash Flows

(Unaudited)

(Amounts in thousands)

	Year ended
	December 31, 2009			December 31, 2008
Operating activities:
Net income (loss)	$	7,403		$	(18,699	)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Loss from discontinued operations		—			1,455
Loss on sale of discontinued operations		—			770
Loss on investments, net		4,714			28,520
Stock-based compensation		10,568			14,304
Depreciation and amortization		7,252			7,335
Loss on disposals of property and equipment		642			629
Deferred income taxes		2,814			(2,667	)
Excess tax benefits from stock-based award activity		(607	)		—
Gain on sale of non-core assets, net		—			(1,897	)
Other		377			(72	)
Cash provided (used) by changes in operating assets and liabilities:
Accounts receivable		(13,043	)		1,643
Notes and other receivables		(2,104	)		5,228
Prepaid expenses and other current assets		(759	)		135
Other long-term assets		712			1,784
Accounts payable		641			614
Accrued expenses and other current and long-term liabilities		10,336			(59,264	)
Net cash provided (used) by operating activities		28,946			(20,182	)
Investing activities:
Business acquisition, net of cash acquired		(395	)		—
Purchases of property and equipment		(2,435	)		(12,277	)
Other long-term assets		(50	)		(199	)
Proceeds from the sale of assets		623			2,550
Proceeds from sales and maturities of investments		196,856			43,980
Purchases of investments		(190,178	)		(145,338	)
Net cash provided (used) by investing activities		4,421			(111,284	)
Financing activities:
Special dividend paid		—			(299,296	)
Proceeds from stock option exercises and issuance of stock through employee stock purchase plan		404			603
Repayment of capital lease obligations		(564	)		(233	)
Excess tax benefits from stock-based award activity		607			—
Net cash used by financing activities		447			(298,926	)
Discontinued operations:
Net cash used by operating activities attributable to discontinued operations		—			(17,998	)
Net increase (decrease) in cash and cash equivalents		33,814			(448,390	)
Cash and cash equivalents:
Beginning of period		49,936			498,326
End of period	$	83,750		$	49,936