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Encision Reports 9.3% Revenue Increase in First Quarter Results
Date:7/28/2011

r>20Accounts receivable, net1,1591,160Inventories, net2,6932,604Prepaid expenses14474 Total current assets4,1843,958Equipment, net1,2781,169Patents, net267260Other assets1824 Total assets$ 5,747$ 5,411LIABILITIES AND SHAREHOLDERS' EQUITYAccounts payable$
755$
74Accrued compensation288261Other accrued liabilities312287Line of credit635435 Total current liabilities1,9901,657Common stock and additional paid-in capital19,80719,783Accumulated (deficit)(16,050)(16,029) Total shareholders' equity3,7573,754 Total liabilities and shareholders' equity$ 5,747$  5,411Encision Inc.Condensed Statements of Operations(Amounts in thousands, except per share information)(Unaudited)Three Months EndedJune 30, 2011June 30, 2010Net revenue: Product$ 2,833$ 2,864 Service35149Total revenue3,1842,913Cost of revenue: Product1,2611,023 Service14445Total cost of revenue1,4051,068Gross profit1,7791,845Operating expenses: Sales and marketing1,0371,186 General and administrative419396 Research and development331372Total operating expenses1,7871,954Operating loss(8)(109)Interest and other income (expense), net(13)(10)Loss before provision for income taxes(21)(119)Provision for income taxes––––Net loss$
(21)$   (119)Net loss per share—basic and diluted$   0.00$ (0.02)Basic  and diluted weighted average number of shares6,4556,455
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SOURCE Encision Inc.
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