OTC Bulletin Board S & P Company Insight for BROADCAST INTL INC
Profile
	Business Summary: Broadcast International, Inc., through its subsidiaries, engages in the installation, management, and support of private communication networks.   Address   7050 Union Park Avenue   Suite 600   Salt Lake City , UT 84047   Phone: 801-562-2252   Fax: 801-562-1773   Website: http://www.brin.com Auditor   HJ & Associates   Salt Lake City Transfer Agent   Interwest Transfer Co. Inc. Employees:  43 ShareHolders:  1400 Founded:  1983 Domicile:  Utah
Background
	Broadcast International, Inc., through its subsidiaries, engages in the installation, management, and support of private communication networks. Its networks are used by enterprise clients to deliver training programs, product announcements, entertainment, and other communication to employees and customers. The company also develops CodecSys, a proprietary video compression technology that converts video content into a digital data stream for transmission over satellite, cable, Internet, or wireless networks. In addition, it provides internal and external business applications, satellite-based services, streamed video hosting services, and production and content development services. Broadcast International serves retailers, other businesses, and third-party providers of in-store music and video. The company was founded in 1999 and is based in Salt Lake City, Utah. History:  INCORPORATED in Utah Jan. 12, 1983, as Laser Corp. Name changed to Broadcast International, Inc. Jan. 13, 2004, in connection with the acquisition of BI Acquisitions, Inc. for 17,210,268 (post split) Common shares. BI Acquisitions was organized in December 1999 and began operations in January 2000.   Subsidiaries: BI Acquisitions, Inc. Interact Devices, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2007   455   2006   149   2005   131   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2007   1,275   2006   2,324
Management
	Management Officers Position  William H. Davidson Chairman  Rodney M. Tiede President & Chief Executive Officer  Reed L. Benson Secretary, Chief Financial Officer, General Counsel & Chief Accounting Officer  Robert W. Ingraham Chief Technology Officer  Ron  Bell SR VP  Randy L. Turner Treasurer Directors  Richard  Benowitz  Bill  Boyd  Kirby D. Cochran  William H. Davidson  James E. Solomon  Rodney M. Tiede
Annual Report
	Annual Report   Income Statement   2007 2006 2005 Net sales $4,297,784 $13,894,383 $5,380,869 Cost of sales 4,273,490 13,153,261 5,434,433 Gross margin (loss) 24,294 741,122 (53,564) Operating expenses Administrative and general 8,755,709 4,583,512 2,958,232 Selling and marketing 556,568 693,223 720,841 Production and maintenance -- -- -- Research and development in process 1,274,792 2,323,843 812,581 Impairment of license rights 1,142,400 1,732,600 -- Total operating expenses 11,729,469 9,333,178 4,491,654 Total operating loss (11,705,175) (8,592,056) (4,545,218) Interest income 50,417 34,398 29,745 Interest expense (2,120,215) (1,894,620) (1,149,209) Derivative valuation loss (12,526,260) (1,266,300) (12,000) Loss on securities available for sale -- (4,152,591) -- Gain on forgiveness of debt 22,005 284,000 68,547 Other income (expense) (8,116) (10,740) 26,456 Net loss $(26,287,344) $(15,597,909) $(5,581,679) Loss per share - basic and diluted $(0.85) $(0.56) $(0.27)   Balance Sheet   2007 2006 ASSETS Current assets Cash and cash equivalents $16,598,300 $807,741 Accounts receivable, net 220,834 851,473 Inventory 57,218 46,341 Prepaid expenses 2,449,236 1,400,361 Total current assets 19,325,588 3,105,916 Property and equipment, net 641,314 387,058 Patents, at cost 197,346 200,306 Debt offering costs 1,367,583 346,269 Technology licenses -- 1,142,400 Deposits and other assets 8,795 8,795 Total other assets 1,573,724 1,697,770 Total assets $21,540,626 $5,190,744 LIABILITIES: Current liabilities Accounts payable $640,292 $705,099 Payroll and related expenses 460,236 202,335 Other accrued expenses 55,356 130,798 Unearned revenue 169,359 491,252 Current portion of long-term obligations 47,692 666,637 Derivative valuation 14,267,600 4,631,500 Total current liabilities 15,640,535 6,827,621 Convertible debt 2,931,245 1,413,308 Other long-term obligations -- 35,093 Deferred bonus payable -- 600,000 Common stock, $.05 par value 1,888,752 1,347,663 Additional paid-in capital 65,289,354 35,715,634 Unexercised options and warrants 3,789,095 937,436 Subscriptions receivable (25,000) -- Accumulated deficit (67,973,355) (41,686,011) Total stockholders equity (deficit) 2,968,846 (3,685,278) Total liabilities and stockholders equity (deficit) $21,540,626 $5,190,744
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 1,190,000   2008   2 810,000   2007   1 1,600,000   2007   2 4,280,000   2007   3 830,000   2007   4 1,100,000   2007   Full Year 4,300,000   2006   1 2,780,000   2006   2 4,280,000   2006   3 3,910,000   2006   4 2,920,000   2006   Full Year 13,890,000   2005   1 980,000   2005   2 1,030,000   2005   3 1,070,000   2005   Full Year 5,380,000   2004   1 1,380,000   2004   2 1,570,000   2004   3 1,290,000   2004   Full Year 5,390,000   2003   1 210,000   2003   2 40,000   2003   Full Year 4,930,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 2,160,000   2008   2 (5,560,000)   2007   1 (4,310,000)   2007   2 (480,000)   2007   3 (6,980,000)   2007   4 (13,770,000)   2007   Full Year (26,290,000)   2006   1 (4,350,000)   2006   2 (480,000)   2006   3 (2,120,000)   2006   4 (8,640,000)   2006   Full Year (15,597,900)   2005   1 (790,000)   2005   2 (1,500,000)   2005   3 310,000   2005   Full Year (5,581,700)   2004   1 (2,390,000)   2004   2 (11,290,000)   2004   3 (1,850,000)   2004   Full Year (16,488,700)   2003   1 (220,000)   2003   2 (70,000)   2003   Full Year (3,935,200)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 .05   2008   2 (.14)   2007   1 .15   2007   2 (.02)   2007   3 (.23)   2007   4 (.39)   2007   Full Year (.85)   2006   1 (.19)   2006   2 (.02)   2006   3 (.07)   2006   4 (.28)   2006   Full Year (.56)   2005   1 (.04)   2005   2 (.07)   2005   3 .01   2005   Full Year (.26)   2004   1 (1.30)   2004   2 (.59)   2004   3 (.09)   2004   Full Year (.85)   2003   1 (1.30)   2003   2 (.40)   2003   Full Year (2.30)
Stock Data
	Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Preferred no par 10,000,000 None Common $0.05 par 180,000,000 38,501,296   LONG TERM DEBT: $4,062,404.   Common $0.05 par   Stockholders:  03/20/2008, 1400. PRINCIPAL STOCKHOLDERS: March 20, 2008, Castlerigg Master Investments Ltd. owned or controlled 13.1% of the Common, Rodney Tiede 8.9% and Leon Frenkel 5.9%.   Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): BCST   Exchange Year High Low OTC Bulletin Board 2007 4.9000 0.8100 OTC Bulletin Board 2006 3.4000 1.1500 OTC Bulletin Board 2005 4.4000 2.0000 OTC Bulletin Board 2004 10.2500 2.2000 OTC Bulletin Board 2003 1.1000 0.0300 OTC Bulletin Board 2002 1.2000 0.6600 OTC Bulletin Board 2001 8.5630 0.7500 OTC Bulletin Board 2000 11.5000 4.8750 OTC Bulletin Board 1999 5.3750 1.2500 OTC Bulletin Board 1998 4.3750 1.0000   RECENT DIVIDENDS: Common $0.05 par: No cash. Common split 5-for-4, Jan. 30, 1998. Common reverse split 1-for-10, Jan. 23, 2004.