Exhibit 99.3
Doble Engineering Company
2007 Income Statement Summary (Unaudited)
Nine Months Ended September 30, 2007
2007 Income Statement Summary (Unaudited)
Nine Months Ended September 30, 2007
Amount | ||||
Net Revenues | $ | 58,613,153 | ||
Cost of Revenues: | ||||
Cost of Services | 11,126,754 | |||
Cost of Sales | 9,488,326 | |||
Manufacturing Variance | (137,488 | ) | ||
20,477,593 | ||||
Gross Profit | 38,135,560 | |||
Net Gain on Sale of Equipment | 1,013,081 | |||
Operating Expenses: | ||||
Marketing and Selling | 8,560,951 | |||
Engineering and Development | 4,641,859 | |||
General and Administrative | 4,497,697 | |||
Information Technology | 802,115 | |||
Employee Profit Sharing | 1,413,142 | |||
Total | 19,915,764 | |||
Operating Income | 19,232,876 | |||
Net Interest and Dividends | 401,434 | |||
Gain on Sale of Investments | 718 | |||
Total | 402,152 | |||
Income before Tax and Incentives | 19,635,029 | |||
Incentive Compensation | 1,414,100 | |||
Income Before Tax | 18,220,929 | |||
Income Tax Provision | 6,277,713 | |||
Net Income | $ | 11,943,216 | ||