Exhibit 99.2

LIGHTBRIDGE, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
(Amounts in thousands, except share and per share amounts)

	Year Ended						Year Ended
	December 31,						December 31,
	2004			Pro Forma			2004
	(Historical)			Adjustments			(Pro Forma)
Revenues:
Transaction services	$	103,648					$	103,648
Consulting and maintenance services		19,898		$	(9,937	)		9,961
Software licensing and hardware		9,509			(7,625	)		1,884
Total revenues		133,055			(17,562	)		115,493
Cost of revenues:
Transaction services		54,831			(97	)		54,734
Consulting and maintenance services		9,930			(5,757	)		4,173
Software licensing and hardware		3,129			(3,117	)		12
Total cost of revenues		67,890			(8,971	)		58,919
Gross profit:
Transaction services		48,817						48,914
Consulting and maintenance services		9,968						5,788
Software licensing and hardware		6,380						1,872
Total gross profit		65,165			(8,591	)		56,574
Operating expenses:
Engineering and development		29,000			(8,057	)		20,943
Sales and marketing		22,541			(4,109	)		18,432
General and administrative		15,987			184			16,171
Restructuring costs		4,346			(277	)		4,069
Impairment of goodwill		1,664						1,664
Impairment of other intangible assets		599						599
Purchased in-process research and development		679						679
Gain on sale of Fraud Centurion assets		(2,673	)		2,673			—
Total operating expenses		72,143			(9,586	)		62,557
Loss from operations		(6,978	)		(995	)		(5,983	)
Other income, net		1,185			(539	)		646
Loss from continuing operations before provision for income taxes		(5,793	)		(456	)		(5,337	)
Provision for income taxes		8,351			(2,881	)		5,470
Loss from continuing operations	$	(14,144	)	$	(3,337	)	$	(10,807	)
Loss per common share (basic) from continuing operations	$	(0.53	)				$	(0.41	)
Loss per common share (diluted) from continuing operations	$	(0.53	)				$	(0.41	)
Basic weighted average shares		26,643						26,643
Diluted weighted average shares		26,643						26,643

LIGHTBRIDGE, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
(Amounts in thousands, except share and per share amounts)

	Six Months					Six Months
	Ended					Ended
	June 30, 2005		Pro Forma			June 30, 2005
	(Historical)		Adjustments			(Pro Forma)
Revenues:
Transaction services	$	50,801				$	50,801
Consulting and maintenance services		6,499	$	(3,563	)		2,936
Software licensing and hardware		4,776		(4,776	)		—
Total revenues		62,076		(8,339	)		53,737
Cost of revenues:
Transaction services		25,018		—			25,018
Consulting and maintenance services		3,247		(1,925	)		1,322
Software licensing and hardware		1,129		(1,129	)		—
Total cost of revenues		29,394		(3,054	)		26,340
Gross profit:
Transaction services		25,783					25,783
Consulting and maintenance services		3,252					1,614
Software licensing and hardware		3,647					—
Total gross profit		32,682		(5,285	)		27,397
Operating expenses:
Engineering and development		11,755		(3,867	)		7,888
Sales and marketing		9,926		(943	)		8,983
General and administrative		7,758		(59	)		7,699
Restructuring costs		873		(22	)		851
Total operating expenses		30,312		(4,891	)		25,421
Loss from operations		2,370		(394	)		1,976
Other income, net		631		(41	)		590
Income from continuing operations before provision for income taxes		3,001		(435	)		2,566
Provision for income taxes		855		(751	)		104
Income from continuing operations	$	2,146		316		$	2,462
Income per common share (basic) from continuing operations	$	0.08				$	0.09
Income per common share (diluted) from continuing operations	$	0.08				$	0.09
Basic weighted average shares		26,592					26,592
Diluted weighted average shares		26,963					26,963