SpaceDev made money

Oh my gosh! A alt.space type company made money. According to SpaceDev's 10QSB report (quarterly income) They made a whopping $101,223 in profit on sales of ~$1.8 million. Now I admit that is like $.00000004 EPS, but they lost $3 million last year. It's still good news.

Here is the comparison to last year, same quarter (emphasis mine):

FOR THE THREE-MONTHS ENDING. . . . . .  MARCH 31, 2005    March 31, 2004

                                           (UNAUDITED)       (Unaudited)

--------------------------------------  ----------------  ----------------

NET INCOME (LOSS). . . . . . . . . . .  $       101,223   $      (442,549)
--------------------------------------  ----------------  ----------------

Interest Income. . . . . . . . . . . .           (7,960)                -

Interest Expense . . . . . . . . . . .            1,222            19,788

Non-Cash Interest exp. (Debt Discount)                -                 -

Gain on Building Sale. . . . . . . . .          (29,318)          (29,318)

Loan Fee - Equity Conversion. . . . .                -           464,000

Provision for income taxes . . . . . .              400                 -

Depreciation and Amortization. . . . .           29,061            15,954

--------------------------------------  ----------------  ----------------

EBITDA . . . . . . . . . . . . . . . .  $        94,628   $        27,875

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