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Encision Reports 14% Revenue Increase in Second Quarter Results
Date:10/24/2011

of new account conversions, insufficient cash to fund operations, delay in developing new products and receiving FDA approval for such new products and other factors discussed in the Company's filings with the Securities and Exchange Commission. Readers are encouraged to review the risk factors and other disclosures appearing in the Company's Annual Report on Form 10-K for the year ended March 31, 2010 and subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise.

CONTACT:   Marcia McHaffie, Encision Inc., 303-444-2600, mmchaffie@encision.comEncision Inc.Condensed Balance Sheets(Amounts in thousands)(Unaudited)September 30,2011March 31, 2011ASSETSCash and cash equivalents$
5$
20Accounts receivable, net1,1011,160Inventories, net2,6892,604Prepaid expenses12274Total current assets3,9273,958Equipment, net1,3811,169Patents, net269260Other assets124Total assets$ 5,578$ 5,411LIABILITIES AND SHAREHOLDERS' EQUITYAccounts payable$
728$
74Accrued compensation233261Other accrued liabilities617287Line of credit691435Total current liabilities2,2691,657Common stock and additional paid-in capital19,82819,783Accumulated (deficit)(16,519)(16,029)Total shareholders' equity3,3093,754Total liabilities and shareholders' equity$ 5,578$  5,411Encision Inc.Condensed Statements of Operations(Amounts in thousands, except per share information)(Unaudited)Three Months EndedSix Months EndedSeptember 30,2011September 30,2010September 30,2011September 30,2010Net revenue:Product$ 2,830$ 2,866$ 5,664$ 5,729Service437––78749Total revenue3,2672,8666,4515,778Cost of revenue:Product1,5251,0322,7862,055Service176––32045Total cost of revenue1,7011,0323,1062,100Gross profit1,5661,8343,3453,678Operating expenses:Sales and marketing1,213
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SOURCE Encision Inc.
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