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EVOLVING SYSTEMS, INC.
UNAUDITED BALANCE SHEET
(in thousands except share data)

			November 15, 2002
ASSETS
Current assets:
	Cash and cash equivalents		$	7,001
	Contract receivables, net of allowance of $658			10,573
	Unbilled work-in-progress			815
	Prepaid and other current assets			1,001
		Total current assets		19,390
Property and equipment, net				2,233
Restricted cash				500
		Total assets	$	22,123
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Current portion of long-term obligations		$	33
	Accounts payable and accrued liabilities			4,533
	Unearned revenue			12,252
		Total current liabilities		16,818
Long-term obligations				85
		Total liabilities		16,903
Stockholders' equity:
	Common stock, $0.001 par value; 25,000,000 shares authorized; 13,296,835 shares issued and outstanding as of November 15, 2002			13
	Additional paid-in capital			53,628
	Accumulated deficit			(48,421	)
		Total stockholders' equity		5,220
		Total liabilities and stockholders' equity	$	22,123

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EVOLVING SYSTEMS, INC. UNAUDITED BALANCE SHEET (in thousands except share data)