OTC Bulletin Board S & P Company Insight for BROADCAST INTL INC
Profile
	Business Summary: Broadcast International, Inc. engages in the installation, management, and support of private communication networks for large organizations in the United States.   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, LLC   Salt Lake City , UT Transfer Agent   Interwest Transfer Co. Inc. Employees:  49 ShareHolders:  1400 Founded:  1983 Domicile:  Utah
Background
	Broadcast International, Inc. engages in the installation, management, and support of private communication networks for large organizations in the United States. The company provides network-based services, such as network design and engineering, equipment and installation, network management, help desk services, on-site maintenance and service, full-time or occasional satellite transponder purchases, and uplink facilities or remote SNG uplink trucks. It also offers streamed video hosting services, which comprise dedicated server space, high-speed and redundant Internet connection, secure access, seamless links from client's Website, customized link pages and media viewers, testing or self-checks, interactive discussion threads, participation/performance reports for managers/administrators, notification of participants through email, pay-per-view or other e-commerce applications, live events, and technical support. In addition, the company provides production and content development services, including in-studio or on-location video/audio production, editing/post-production, instructional design, video/audio encoding for Internet delivery, conversion of text or PowerPoint to HTML, alternative language conversion, and access to off-the-shelf video training content. Further, it owns CodecSys, a video compression technology that converts video content into digital data stream for transmission over satellite, cable, Internet, or wireless networks; sells network products; and offers audio and video production services. The company's enterprise clients use its networks to deliver training programs, product announcements, entertainment, and other communications to their employees and customers. Broadcast International, Inc. 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   2009   2,544   2008   1,899   2007   455   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2009   3,584   2008   5,083   2007   1,275
Management
	Management Officers Position  William A. Boyd Chairman  Rodney M. Tiede President & Chief Executive Officer  James E. Solomon Secretary, Chief Financial Officer & Chief Accounting Officer  Ron  Bell Chief Technology Officer  David  Van Epps SR VP  Steven G. Jones SR VP Directors  William A. Boyd  James E. Solomon  Mark F. Spagnolo  Rodney M. Tiede  Ray Phillip Zobrist
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Net Sales 3,627,571 3,401,847 EXPENSES Cost of Sales (3,180,284) (3,378,361) Selling and Marketing (651,322) (1,348,179) Administrative and General (5,991,317) (7,974,204) Depreciation and Amortization (756,481) (500,577) Research and Development In-process (3,584,019) (5,083,056) Impairments of Assets - (2,504) Interest Expense (6,605,988) (5,980,318) Interest Income 19,055 351,229 Gains on Sale of Securities 208,029 - Unrealized Loss on Long-term Investment - (233,765) Derivative Liability Valuation Gain 3,579,600 8,256,623 Other Income/expense (45,533) 17,115 Net Income (Loss) (13,380,689) (12,474,150) SUPPLEMENTARY INFO Gross Profit/loss 447,287 23,486 Operating Income (Loss) (10,535,850) (14,885,030) Loss per share basic and diluted (0.34) (0.32)   Balance Sheet   2009 2008 ASSETS: CURRENT ASSETS Cash and Cash Equivalents 263,492 3,558,336 Accounts Receivable, Net 1,187,660 357,221 Inventory 105,410 28,118 Prepaid Expenses 128,042 209,636 Total Current Assets 1,684,604 4,153,311 NON CURRENT ASSETS Leasehold Improvements 382,695 377,724 Furniture and Fixtures 171,031 171,031 Machinery, Equipment 6,362,130 4,247,575 Accumulated Depreciation (3,104,479) (2,417,715) Long-term Investments 274,264 2,416,235 Patents-net 177,413 185,190 Debt offering Costs 447,525 906,525 Deposits and Other Assets 422,974 9,058 Total Assets 6,818,157 10,048,934 LIABILITIES: CURRENT LIABILITIES Accounts Payable 2,023,378 893,130 Other Accrued Expenses 180,695 541,435 Payroll and Related Expenses 385,349 380,162 Current Debt Obligations 13,354,170 725,812 Unearned Revenue 91,729 428 Derivative Valuation 969,900 4,549,500 Other Current Obligations 1,238,779 3,236 Total Current Liabilities 18,243,996 7,093,703 NON CURRENT LIABILITIES Convertible Debt 162,500 6,730,069 Other Long-term Obligations 2,494,512 6,937 SHAREHOLDERS' EQUITY Common Stock - Par Value 1,984,532 1,938,088 Additional Paid in Capital 77,760,810 74,727,640 Retained Earnings (Deficit) (93,828,190) (80,447,500) Total Shareholders Equity (14,082,850) (3,781,775) Total Liabilities & Shareholders Equity 6,818,157 10,048,934
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   2010   1 1,790,000   2009   1 380,000   2009   2 330,000   2009   3 810,000   2009   4 2,110,000   2009   Full Year 3,630,000   2008   1 1,190,000   2008   2 810,000   2008   3 760,000   2008   4 640,000   2008   Full Year 3,400,000   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   4 2,340,000   2005   Full Year 5,380,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (2,900,000)   2009   1 (650,000)   2009   2 (4,780,000)   2009   3 (3,850,000)   2009   4 (4,110,000)   2009   Full Year (13,380,000)   2008   1 2,160,000   2008   2 (5,560,000)   2008   3 (9,030,000)   2008   4 (40,000)   2008   Full Year (12,470,000)   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)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.07)   2009   1 (.02)   2009   2 (.12)   2009   3 (.10)   2009   4 (.10)   2009   Full Year (.34)   2008   1 .05   2008   2 (.14)   2008   3 (.23)   2008   4 Nil   2008   Full Year (.32)   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   4 (.03)   2005   Full Year (.26)
Stock Data
	Capitalization as of 12/31/2009:     Authorized Shares Outstanding Shares Common $0.05 par 180,000,000 39,690,634 Preferred no par 10,000,000 None   LONG TERM DEBT: $162,500.   Common $0.05 par   Stockholders:  03/20/2010, 1400. Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): BCST   Exchange Year High Low OTC Bulletin Board 2009 2.3500 0.8000 OTC Bulletin Board 2008 4.9000 1.3000 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   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.