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Encision Reports 10% Product Revenue Increase in Third Quarter of Fiscal Year 2013 Results
Date:1/28/2013

naudited)December 31,
2012March 31,
2012ASSETSCash and cash equivalents$
473$
565Accounts receivable, net1,0961,428Inventories, net2,6222,489Prepaid expenses10028Total current assets4,2914,510Equipment, net1,6601,619Patents, net228273Other assets97Total assets$ 6,188$ 6,409LIABILITIES AND SHAREHOLDERS' EQUITYAccounts payable$   694$ 1,040Accrued compensation405283Other accrued liabilities421349Total current liabilities1,5201,672Common stock and additional paid-in capital21,56521,297Accumulated (deficit)(16,897)(16,560)Total shareholders' equity4,6684,737Total liabilities and shareholders' equity$ 6,188$  6,409 Encision Inc.Condensed Statements of Operations(Amounts in thousands, except per share information)(Unaudited)Three Months EndedNine Months EndedDecember 31, 2012December 31, 2011December 31, 2012December 31, 2011Net revenue:Product$ 2,955$ 2,689$8,566$ 8,352Service1004784641,266Total revenue3,0553,1679,0309,618Cost of revenue:Product1,3171,1953,6923,981Service72231311551Total cost of revenue1,3891,4264,0034,532Gross profit1,6661,7415,0275,086Operating expenses:Sales and marketing9031,0582,7163,308General and administrative3854071,3521,289Research and development4613381,2941,011Total operating expenses1,7491,8035,3625,608Operating loss(83)(62)(335)(522)Interest and other expense, net1(19)(2)(48)Loss before provision for income taxes(82)(81)(337)(570)Provision for income taxes– –– –– –– –Net loss$  (82)$  (81)$
(337)$  (570)Net loss per share—basic and diluted$ (0.01)$ (0.01)$   (0.04)$ (0.09)Basic and diluted weighted average number of shares8,2106,4558,1976,455 


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SOURCE Encision Inc.
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