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Champions Oncology Reports Financial Results for the Quarter Ended July 31, 2012
Date:9/12/2012

)Quarter Ended July 320122011EPS – GAAP

($0.03)

($0.04)Less: Effect of stock-based compensation on EPS

0.02

0.02EPS - non-GAAP

($0.01)

($0.02) Condensed Consolidated Statements of Operations (Unaudited)Quarter Ended July 31 20122011POS operating revenue

$918

$601TOS operating revenue

1,188

1,033  Total operating revenue$2,106$1,634Cost of POS

772

483Cost of TOS

699

419Research and development

387

541Sales and marketing

709

688General and administrative

1,138

1,717  Loss from Operations($1,599)($2,214)Other Income

279

177  Net Loss before income tax expense($1,320)($2,037)Income taxes

3

-  Net Loss($1,323)($2,037)  Earnings per share- basic and diluted($0.03)($0.04)Weighted average shares outstanding- basic and diluted

47,067,000

46,420,000 Condensed Consolidated Balance Sheets Balance as of  July 31, 2012(unaudited)April 30, 2012Cash and cash equivalents

$2,916

$4,716Accounts receivable

639

584Other current assets

208

205  Total current assets3,7635,505Restricted cash

188

188Property and equipment, net

525

560Goodwill

669

669  Total assets$5,145$6,922Accounts payable and accrued liabilities

$1,635

$2,301Deferred revenue

918

1,185  Total current liabilities2,5533,486Warrant liability

270

555Redeemable common stock

8,159

8,159Stockholders' deficit

(5,837)

(5,278)  Total liabilities, redeemable common stock and stockholders' deficit$5,145$6,922 

 Condensed Consolidated Statements of Cash Flows (Unaudited)Quarter Ended July 3120122011Cash flows from operating
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SOURCE Champions Oncology, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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