Uroplasty Reports Continued Progress During Second Quarter of F... (important indicator of the strength and ...)

Uroplasty Reports Continued Progress During Second Quarter of Fiscal 2009

Date:10/29/2008

important indicator of the strength and the performance of our business as they provide a link to operating cash flow. We also believe that analysts and investors use such measures to evaluate the overall operating performance of companies in our industry, including as a means of comparing period-to-period results and as a means of evaluating our results with those of other companies.

Our non-GAAP operating performance improved from a loss of approximately $0.6 million and $1 million, respectively, for the three and six months ended September 30, 2007 to a (loss) gain of approximately ($98,000) and $8,000, respectively, for the three and six months ended September 30, 2008. We attribute this improvement in non-GAAP operating performance to the increase in sales and an improvement in gross margin rate, offset partially by an increase in cash operating expenses.

Three Months Ended Six Months Ended

September 30, September 30,

2008 2007 2008 2007

Gross Profit

GAAP gross profit 3,371,317 $2,370,502 7,188,972 $4,724,964

% of sales 86% 78% 85% 79%

SFAS 123 (R)

share-based

compensation 8,879 9,107 25,253 9,686

Depreciation

expenses 13,057 13,054 25,847 28,604

Non-GAAP gross

profit 3,393,253 2,392,663 7,240,072 4,763,254

Operating Expenses

GAAP operating

expenses 3,962,936 3,755,494 8,238,179 $6,919,303

SFAS 123 (R)

share-based

compensation 198,131 494,449 464,748 660,956

Depreciation

expenses 62,104 46,379 119,161 78,159

Amortization

expenses 210,966
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