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Uroplasty Reports Fourth Quarter and Full Year Fiscal 2009 Results

overage and reimbursement, or reimburse the providers an amount sufficient to cover their costs and expenses, or that we will timely obtain, or even succeed at all at obtaining, a specific "listed" CPT reimbursement code from the AMA for Urgent PC treatments. We further cannot assure that reimbursement or other issues will not further impact our fiscal 2010 results.

    For Further Information: Uroplasty, Inc.          EVC Group
    David Kaysen, President and CEO, or               Doug Sherk (Investors)
    Medi Jiwani, Vice President, CFO, and Treasurer   415.896.6820
    952.426.6140                                      Chris Gale (Media)
                        UROPLASTY, INC. AND SUBSIDIARIES

                           Three Months Ended         Fiscal Year Ended
                                March 31,                 March 31,
                             2009        2008         2009         2008

    Net sales             2,908,759  $4,138,280  $14,742,182  $13,855,811
    Cost of goods sold      492,821     881,927    2,283,975    2,935,135

    Gross profit          2,415,938   3,256,353   12,458,207   10,920,676

    Operating expenses
       General and
        administrative      758,305     937,678    3,428,959    3,692,678
       Research and
        development       1,093,905     404,566    2,551,075    1,798,062
       Selling and
        marketing         2,004,119   2,509,000    9,255,025    8,515,598
       Amortization of
        intangibles         211,957     210,668      845,524      843,533
                          4,068,286   4,061,912   16,080,583   14,849,871

    Operating loss       (1,652,348)   (805,559)  (3,622,376)  (3,929,195)

    Other income (expense)
       Interest income       3
SOURCE Uroplasty, Inc.
Copyright©2009 PR Newswire.
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