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Champions Oncology Reports Financial Results for the Quarter Ended July 31, 2012

)Quarter Ended July 320122011EPS – GAAP


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


0.02EPS - non-GAAP


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


$601TOS operating revenue


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


483Cost of TOS


419Research and development


541Sales and marketing


688General and administrative


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


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


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


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


$4,716Accounts receivable


584Other current assets


205  Total current assets3,7635,505Restricted cash


188Property and equipment, net




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


$2,301Deferred revenue


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


555Redeemable common stock


8,159Stockholders' deficit


(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

SOURCE Champions Oncology, Inc.
Copyright©2012 PR Newswire.
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