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Champions Oncology Reports Fiscal 2012 Second Quarter Financial Results
Date:12/14/2011

HACKENSACK, N.J., Dec. 14, 2011 /PRNewswire/ -- Champions Oncology, Inc. (OTC: CSBR) reported the following results:

Fiscal Year 2012 Second Quarter Financial Results:Operating revenues were $1.7 million and $0.9 million for the three months ended October 31, 2011 and 2010, respectively, and $3.4 million and $2.5 million for the six months ended October 31, 2011 and 2010, respectively.

Total operating expenses were $4.2 million and $1.9 million for the three months ended October 31, 2011 and 2010, respectively, and $8.0 million and $4.1 million for the six months ended October 31, 2011 and 2010, respectively.

Champions reported a net loss of $2.3 million , or ($0.05) per share and $0.05 million, or ($0.00) per share for  three months ended October 31, 2011 and 2010, respectively, and $4.4 million, or ($0.09) per share and $0.65 million, or ($0.02) per share for the six months ended October 31, 2011 and 2010, respectively.

Champions recognized a net loss of $1.5 million, excluding stock based compensation of $0.9 million, or ($0.03) per share and net income of $0.1 million, excluding stock based compensation of $0.2 million, or $0.00 per share for  three months ended October 31, 2011 and 2010, respectively, and net losses of $2.5 million, excluding stock based compensation of $1.9 million, or ($0.05) per share and $0.3 million, excluding stock based compensation of $0.4 million, or ($0.01) per share for the six months ended October 31, 2011 and 2010, respectively.

Operating ResultsRevenues from Transitional Oncology Services (TOS) were $1.2 million and $0.6 million for the three months ended October 31, 2011 and 2010, respectively, an increase of $0.6 million or 100%. TOS revenues were $2.2 million and $1.1 million for the six months ended October 31, 2011 and 2010, respectively, an increase of $1.1 million or 100%. These increases in TOS revenues were due primarily to the Company's increased sales efforts
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SOURCE Champions Oncology, Inc.
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