I Many (IMNY) 8-K Consolidated Statements of Operations

Exhibit 99.1

I-many, Inc.

Consolidated Statements of Operations

(in thousands, except per-share amounts)

(Unaudited)

	Three Months (Quarter) ended
	3/31/2004			6/30/2004			9/30/2004			12/31/2004			3/31/2005			6/30/2005			9/30/2005			12/31/2005			3/31/2006			6/30/2006			9/30/2006			12/31/2006			3/31/2007
Net Revenues:
Recurring	$	2,900		$	2,895		$	2,982		$	3,131		$	3,108		$	3,401		$	3,500		$	3,636		$	3,780		$	3,876		$	4,082		$	4,115		$	4,425
Services		3,622			4,220			3,966			3,524			3,887			3,708			3,222			2,796			2,749			3,003			2,945			3,427			2,988
License		4,908			1,040			2,359			2,866			1,939			1,257			328			1,794			1,089			16			444			49			940
Total net revenues		11,430			8,155			9,307			9,521			8,934			8,366			7,050			8,226			7,618			6,895			7,471			7,591			8,353
Operating expenses:
Cost of recurring revenue		1,030			967			973			1,006			1,053			1,200			1,262			1,295			1,447			1,621			1,643			1,640			1,651
Cost of services revenue		2,771			3,067			2,720			2,573			2,739			2,691			2,420			2,104			2,370			2,473			2,861			2,885			2,956
Cost of third-party technology		101			33			95			229			10			78			206			226			77			40			128			24			76
Amortization of acquired intangible assets		331			378			378			378			355			343			343			343			343			47			46			46			46
Sales and marketing		2,231			2,140			1,964			2,685			2,039			2,177			1,961			2,449			2,073			2,580			2,001			2,669			2,315
Research and development		3,510			2,610			2,759			2,995			3,046			2,886			2,795			2,540			2,978			3,163			3,258			3,186			4,304
General and administrative		1,665			1,188			1,068			1,631			1,144			1,149			1,320			1,206			1,313			1,364			1,376			1,396			1,452
Depreciation		211			220			233			253			180			207			204			205			171			190			218			245			188
In-process research and development		0			290			0			0			0			0			0			0			0			0			0			0			0
Restructuring and other charge (credits)		1,147			162			62			(25	)		(27	)		(6	)		8			15			8			36			24			35			62
Total operating expenses		12,997			11,055			10,252			11,725			10,539			10,725			10,519			10,383			10,780			11,514			11,555			12,126			13,050
Loss from operations		(1,567	)		(2,900	)		(945	)		(2,204	)		(1,605	)		(2,359	)		(3,469	)		(2,157	)		(3,162	)		(4,619	)		(4,084	)		(4,535	)		(4,697	)
Other income, net		31			29			107			77			31			41			110			103			132			142			143			168			175
Loss before income taxes		(1,536	)		(2,871	)		(838	)		(2,127	)		(1,574	)		(2,318	)		(3,359	)		(2,054	)		(3,030	)		(4,477	)		(3,941	)		(4,367	)		(4,522	)
Benefit from income taxes		0			0			(82	)		0			0			0			0			0			0			0			0			0			0
Net loss	$	(1,536	)	$	(2,871	)	$	(756	)	$	(2,127	)	$	(1,574	)	$	(2,318	)	$	(3,359	)	$	(2,054	)	$	(3,030	)	$	(4,477	)	$	(3,941	)	$	(4,367	)	$	(4,522	)
Basic and diluted net loss per common share	$	(0.04	)	$	(0.07	)	$	(0.02	)	$	(0.05	)	$	(0.04	)	$	(0.05	)	$	(0.07	)	$	(0.04	)	$	(0.06	)	$	(0.09	)	$	(0.08	)	$	(0.09	)	$	(0.09	)
Weighted average shares outstanding:		40,652			41,000			41,575			42,241			42,863			43,637			45,348			46,340			46,676			47,152			47,457			49,841			51,465