InterMetro Communications, Inc. Financial Ratios — IMTO

Profitability (USD)

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-150.23	-160.15	-194.21	-121.83	69.52	87.26	22.54	-79.51
Return on Capital (%)	- -	- -	- -	- -	- -	- -	-12.17	-4.78	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	30.47	-8.95	-3.41	8.83	23.31	29.37	23.19	23.08	10.99
EBITDA Margin (%)	1.82	-54.41	-43.13	-20.92	-1.46	10.5	2.18	3.39	-17.8
Operating Margin (%)	-4.21	-60.39	-47.74	-27.53	-9.27	10.27	1.99	3.21	-18.24
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	86.65	36.49	-17.66	- -
Pretax Margin (%)	-10.5	-69.27	-74.51	-37.51	- -	- -	16.98	3.48	-21.18
Profit Margin (%)	-10.51	-69.27	-74.54	-37.51	-22.05	11.45	16.98	3.48	-21.18
Net Income to Common Margin (%)	-10.51	-69.27	-74.54	-37.51	-22.05	11.45	16.98	3.48	-21.18
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API Chat

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Total Debt	2	2	1	3	3	4	5	5	6
ST Debt	1	2	1	3	3	4	5	2	6
LT Debt	1	- -	- -	- -	- -	1	- -	3	- -
Total Debt/EBITDA	12.24	-0.18	-0.13	-0.59	-9.54	1.52	10.17	7.27	-2.76
Net Debt/EBITDA	8.53	-0.16	-0.09	-0.51	-8.86	1.34	9.23	6.63	-2.67
Total Debt/EBIT	-5.31	-0.16	-0.12	-0.45	-1.51	1.56	11.12	7.67	-2.69
Net Debt/EBIT	-3.7	-0.14	-0.08	-0.38	-1.4	1.37	10.1	7	-2.61
EBITDA to Interest Expense	- -	- -	- -	-2.02	-0.11	1.46	0.39	0.63	-2.31
EBITDA-CapEx/Interest Expense	- -	- -	- -	-2.04	-0.11	1.42	0.27	0.55	-2.81
EBIT to Interest Expense	- -	- -	- -	-2.66	-0.69	1.42	0.35	0.6	-2.36
Interest Expense	- -	- -	- -	3	3	2	1	1	1
Common Equity/Total Assets	-135.9	-115.26	-627.26	-1,066.92	-1,251.76	-866.42	-1,420.15	-1,294.47	-1,495.19
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-63	-0.59	-0.32	- -	- -	-2.13	-0.45	-8.4	-0.22
Long-Term Debt/Total Assets (%)	35.63	0.61	1.91	- -	- -	16.64	5.7	95.8	2.92
Total Debt/Equity (%)	-87.32	-38.92	-13.9	-19.55	-15.24	-26.62	-35.54	-46.22	-45.73
Total Debt/Capital (%)	-140.32	-12.36	-3.82	-7.57	-6.77	-10.8	-12.53	-13.46	-14.79
Total Debt/Total Assets (%)	79.35	12.67	23.05	75.11	79.39	84.44	158.13	153.57	192.64
Net Debt to Equity	-60.86	-34.06	-9.74	-16.7	-14.15	-23.45	-32.25	-42.15	-44.36
Net Debt/Capital (%)	-73.23	-10.71	-2.65	-6.42	-6.26	-9.39	-11.24	-12.13	-14.28
EBITDA	- -	-11	-10	-5	- -	3	- -	1	-2
EBITDA-CapEx	-1	-11	-10	-5	- -	3	- -	1	-3
Operating Income (Loss)	- -	-12	-11	-7	-2	3	- -	1	-2

Liquidity (USD)

API Chat

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Cash Ratio	0.12	0.01	0.02	0.02	0.01	0.03	0.03	0.04	0.01
Current Ratio	0.32	0.58	0.18	0.14	0.12	0.21	0.15	0.25	0.13
Quick Ratio	0.24	0.06	0.15	0.13	0.11	0.2	0.14	0.24	0.12
CFO/Avg Current Liab	- -	-0.27	-0.53	-0.23	- -	0.06	0.01	0.01	-0.08
Common Equity/Total Assets	-135.9	-115.26	-627.26	-1,066.92	-1,251.76	-866.42	-1,420.15	-1,294.47	-1,495.19
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	-63	-0.59	-0.32	- -	- -	-2.13	-0.45	-8.4	-0.22
Long-Term Debt/Total Assets (%)	35.63	0.61	1.91	- -	- -	16.64	5.7	95.8	2.92
Total Debt/Equity (%)	-87.32	-38.92	-13.9	-19.55	-15.24	-26.62	-35.54	-46.22	-45.73
Total Debt/Capital (%)	-140.32	-12.36	-3.82	-7.57	-6.77	-10.8	-12.53	-13.46	-14.79
Total Debt/Total Assets (%)	79.35	12.67	23.05	75.11	79.39	84.44	158.13	153.57	192.64
CFO/Total Liabilities	23.63	-16.44	-62.83	-19.51	0.28	6.12	1.34	1.11	-6.15
CFO/CapEx	1.7	-66.53	-120.56	-100.54	- -	19.37	1.49	1.87	-2.1
Altman's Z-Score	-0.13	-4.07	-20.38	-25.34	-26.54	-10.43	-21.3	-17.1	-35.95

Working Capital (USD)

API Chat

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Accounts Receivable Turnover	- -	23.88	15.01	11.94	9.12	9.26	8.31	11.16	6.64
Days Sales Outstanding	- -	15.28	24.32	30.56	40.03	39.44	43.95	32.71	54.96
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	6.21	3.07	2.37	1.42	1.67	2.57	6.3	3.36
Accounts Payable Turnover Days	- -	58.77	118.78	153.88	257.44	218.01	141.97	57.94	108.58
Cash Conversion Cycle	- -	-43.49	-94.47	-123.32	-217.41	-178.58	-98.03	-25.23	-53.61
Inventory to Cash Days	- -	15.28	24.32	30.56	40.03	39.44	43.95	32.71	54.96
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Market Capitalization	- -	- -	15	2	1	4	4	4	4
- Cash & Cash Equivalents	1	- -	- -	- -	- -	1	- -	- -	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	2	2	1	3	3	4	5	5	6
Enterprise Value	2	2	16	5	4	8	8	8	10
Total Capital	-2	-16	-34	-41	-46	-42	-38	-37	-38
Total Debt/Capital (%)	-140.32	-12.36	-3.82	-7.57	-6.77	-10.8	-12.53	-13.46	-14.79
Total Debt / EV	1.31	1.08	0.08	0.6	0.87	0.54	0.59	0.6	0.59
EV/Sales	0.17	0.09	0.7	0.21	0.16	0.3	0.37	0.41	0.83
EV/EBITDA	9.32	- -	- -	- -	- -	2.81	17.19	12.01	- -
EV/EBIT	- -	- -	- -	- -	- -	2.88	18.81	12.69	- -
EV/Cash Flow to Firm	1.34	- -	- -	- -	- -	- -	5.63	6.63	- -
EV/Free Cash Flow to Firm	0.84	- -	- -	- -	- -	- -	5.11	6.21	24.13
Diluted Market Cap	- -	- -	15	2	1	5	4	5	4
Diluted Enterprise Value	2	2	16	5	4	9	9	9	10
EV per Share	0.07	0.07	0.27	0.09	0.05	0.11	0.11	0.11	0.12
TTM Sales	11	20	23	25	22	28	21	20	12
TTM EBITDA	- -	-11	-10	-5	- -	3	- -	1	-2
TTM Operating Income	- -	-12	-11	-7	-2	3	- -	1	-2
TTM Cash Flow to Firm	1	-3	-9	-1	- -	- -	1	1	- -
TTM Free Cash Flow to Firm	2	-3	-9	-1	- -	- -	2	1	- -

Multiples (USD)

API Chat

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Price/Free Cash Flow	- -	- -	-1.62	-0.62	10.05	3.38	12.12	20.46	-8.31
EV/EBIT	- -	- -	- -	- -	- -	2.88	18.81	12.69	- -
Enterprise Value	2	2	16	5	4	8	8	8	10
Low Price	- -	- -	0.24	0.01	0.01	- -	0.03	0.05	0.05
EV/Sales	0.17	0.09	0.7	0.21	0.16	0.3	0.37	0.41	0.83
EV/EBITDA	9.32	- -	- -	- -	- -	2.81	17.19	12.01	- -
Price/Earnings	- -	- -	- -	- -	- -	1.35	1.02	5.24	- -
Price/Earnings Average	- -	- -	-5.92	-1.39	-0.5	0.36	0.89	5.24	-1.68
Price/Earnings High	- -	- -	-9.16	-3.27	-2.78	1.35	1.23	5.24	-1.71
Price/Earnings Low	- -	- -	-0.85	-0.06	-0.12	0.11	0.61	5.24	-1.67
Price/Book Value	- -	- -	-0.43	-0.05	-0.01	-0.09	-0.09	-0.09	-0.09
Price/Book Value Average	- -	- -	-2.87	-0.3	-0.05	-0.02	-0.08	-0.09	-0.09
Price/Book Value High	- -	- -	-4.44	-0.7	-0.28	-0.09	-0.1	-0.09	-0.1
Price/Book Value Low	- -	- -	-0.41	-0.01	-0.01	-0.01	-0.05	-0.09	-0.09
Price/Tangible Book Value	- -	- -	-1.34	-0.14	-0.03	-0.24	-0.27	-0.32	-0.31
Price/Tangible Book Value Average	- -	- -	-8.99	-0.77	-0.11	-0.06	-0.23	-0.32	-0.31
Price/Tangible Book Value High	- -	- -	-13.91	-1.82	-0.64	-0.24	-0.32	-0.32	-0.31
Price/Tangible Book Value Low	- -	- -	-1.28	-0.04	-0.03	-0.02	-0.16	-0.32	-0.31
Price/Sales	- -	- -	0.66	0.1	0.03	0.15	0.17	0.18	0.36
Price/Sales Average	- -	- -	4.41	0.52	0.11	0.04	0.15	0.18	0.36
Price/Sales High	- -	- -	6.83	1.23	0.61	0.15	0.21	0.18	0.36
Price/Sales Low	- -	- -	0.63	0.02	0.03	0.01	0.1	0.18	0.35
Price/Cash Flow	- -	- -	-1.6	-0.62	10.05	3.19	16.95	23.62	-4.35
Price/Cash Flow Average	- -	- -	-10.78	-3.33	35.95	0.84	14.77	23.62	-4.35
Price/Cash Flow High	- -	- -	-16.69	-7.87	200.96	3.19	20.39	23.62	-4.44
Price/Cash Flow Low	- -	- -	-1.54	-0.15	9.04	0.27	10.19	23.62	-4.34
Price/Free Cash Flow Average	- -	- -	-10.87	-3.37	35.95	0.89	10.56	20.46	-8.31
Price/Free Cash Flow High	- -	- -	-16.83	-7.95	200.96	3.38	14.58	20.46	-8.48
Price/Free Cash Flow Low	- -	- -	-1.55	-0.16	9.04	0.28	7.29	20.46	-8.29
EV/Sales Average	0.17	0.09	4.45	0.63	0.24	0.18	0.35	0.41	0.83
EV/Sales High	0.17	0.09	6.87	1.34	0.74	0.3	0.41	0.41	0.84
EV/Sales Low	0.17	0.09	0.67	0.14	0.16	0.15	0.31	0.41	0.83
EV/EBITDA Average	9.32	-0.17	-10.32	-3.02	-16.33	1.73	16.16	12.01	-4.67
EV/EBITDA High	9.32	-0.17	-15.93	-6.4	-50.65	2.81	18.8	12.01	-4.71
EV/EBITDA Low	9.32	-0.17	-1.56	-0.65	-10.74	1.46	14.02	12.01	-4.67
EV/EBIT Average	-4.04	-0.15	-9.33	-2.29	-2.58	1.77	17.69	12.69	-4.56
EV/EBIT High	-4.04	-0.15	-14.39	-4.87	-8	2.88	20.58	12.69	-4.6
EV/EBIT Low	-4.04	-0.15	-1.41	-0.49	-1.7	1.5	15.34	12.69	-4.55
Last Price	- -	- -	0.25	0.04	0.01	0.06	0.05	0.05	0.05
High Price	- -	- -	2.6	0.51	0.2	0.06	0.06	0.05	0.05
Enterprise Value Average	2	2	101	16	5	5	8	8	10
Enterprise Value High	2	2	156	34	17	8	9	8	10
Enterprise Value Low	2	2	15	3	4	4	7	8	10

	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y
Shares Outstanding	61	61	61	62	71	73	74	82	83
Diluted Weighted Avg Shares	25	26	60	61	68	80	88	98	82
Basic Weighted Avg Shares	25	26	60	61	68	72	74	73	82
Revenue per Share	0.43	0.77	0.38	0.42	0.33	0.39	0.29	0.27	0.14
EBITDA per Share	0.01	-0.42	-0.16	-0.09	- -	0.04	0.01	0.01	-0.03
Operating Income per Share	-0.02	-0.47	-0.18	-0.11	-0.03	0.04	0.01	0.01	-0.03
Basic EPS, GAAP	-0.05	-0.53	-0.28	-0.16	-0.07	0.04	0.05	0.01	-0.03
Basic EPS from Cont Ops	-0.05	-0.53	-0.28	-0.16	-0.07	0.04	0.05	0.01	-0.03
Diluted EPS, GAAP	-0.05	-0.53	-0.28	-0.16	-0.07	0.04	0.04	0.01	-0.03
Diluted EPS from Cont Ops	-0.05	-0.53	-0.28	-0.16	-0.07	0.04	0.04	0.01	-0.03
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.05	-0.13	-0.16	-0.06	- -	0.02	- -	- -	-0.01
Free Cash Flow per Basic Share	0.02	-0.13	-0.16	-0.07	- -	0.02	- -	- -	-0.02
Cash & Equivalents per Share	0.02	0.01	- -	0.01	- -	0.01	0.01	0.01	- -
Book Value per Share	-0.16	-0.69	-0.59	-0.73	-0.72	-0.64	-0.57	-0.57	-0.54
Tangible Book Value per Share	-0.11	-0.27	-0.19	-0.28	-0.31	-0.25	-0.19	-0.15	-0.16

InterMetro Communications, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)