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Uroplasty Reports Record Sales for Third Fiscal Quarter and Nine Months Ended December 31, 2007
Date:2/11/2008

of goods sold 789,955 752,181 2,053,208 1,760,553

Gross profit 2,939,359 1,406,092 7,664,323 3,922,700

Operating expenses

General and

administrative 799,193 707,288 2,755,000 2,365,574

Research and

development 460,374 424,987 1,393,496 1,758,350

Selling and

marketing 2,399,227 1,301,575 6,006,598 3,837,858

Amortization of

intangibles 209,862 25,210 632,865 78,323

3,868,656 2,459,060 10,787,959 8,040,105

Operating loss (929,297) (1,052,968) (3,123,636) (4,117,405)

Other income (expense)

Interest income 74,928 15,776 216,550 53,592

Interest expense (6,497) (8,671) (27,141) (25,136)

Warrant benefit - 522,995 - 150,315

Foreign currency

exchange gain

(loss) (37,632) 4,413 (53,538) 34,376

Other, net 2,134 - 4,014 3,585

32,933 534,513 139,885 216,732

Loss before income

taxes (896,364) (518,455) (2,983,751) (3,900,673)

Income tax expense 4,004 44,802 141,944 62,713

Net loss $(900,368) $(563,257) $(3,125,695) $(3,963,386)

Basic and diluted

loss per common share $(0.06) $(0.07) $(0.23) $(0.51)

Weighted average

common shares

outstanding:

Basic and diluted 14,119,583 8,555,586 13,482,928 7,766,463

UROPLASTY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

December 31, 2007 March 31, 2007

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SOURCE Uroplasty, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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