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Champions Oncology Reports Financial Results for the Year Ended April 30, 2012
Date:7/18/2012

>38%Research and development

2,937

2,910

1%Sales and marketing

2,928

1,085

170%General and administrative

5,450

4,611

18%  Loss from Operations($9,065)($5,235)73%Other Income

402

1,444

-72%  Net Loss before income tax expense($8,663)($3,791)129%Income taxes

(2)

11

-118%  Net Loss($8,661)($3,802)128%  Earnings per share- basic and diluted($0.19)($0.11)73%Average Shares outstanding- basic and diluted

46,815,000

33,774,000 Condensed Consolidated Balance Sheets (Unaudited)At April 30, 20122011Cash and cash equivalents

$4,754

$10,457Accounts receivable

584

585Other current assets

205

793  Total current assets5,54311,835Restricted cash

150

-Property and equipment, net

560

146Goodwill

669

669  Total assets$6,922$12,650Accounts payable and accrued liabilities

$2,301

$1,882Deferred revenue

1,185

1,618  Total current liabilities3,4863,500Warrant liability

555

972Redeemable common stock

8,159

8,159Stockholders' equity (deficit)

(5,278)

19  Total liabilities, redeemable common stock and stockholders' equity (deficit)($6,922)($12,650) Condensed Consolidated Statements of Cash Flows (Unaudited)Year Ended April 3020122011Cash flows from operating activities:Net Loss

($8,661)

($3,802)Adjustments to reconcile net cash used in operations:  Stock-based compensation expense

3,323

3,133  Depreciation expense

105

42  Change in fair value of warrant liability

(417)

36  Other adjustments

(2)

12  Changes in operating assets and liabilities

425

525Net cash used i
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SOURCE Champions Oncology, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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