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InspireMD Reports Financial Results For Period Ended March 31, 2013
Date:5/8/2013

rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Transition Report on Form 10-K/T and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Financial Tables FollowCONSOLIDATED STATEMENTS OF OPERATIONS (1)

(U.S. dollars in thousands, except per share data)Three months ended
March 31,Nine months ended March 31,2013201220132012Revenues$1,514

$1,138

$3,373

$4,416Cost of Revenues

674

574

1,451

2,046Gross Profit840

564

1,922

2,370Operating Expenses:Royalties buyout expenses918Other research and development expenses

907

1,349

3,109

2,730Selling and marketing

804

445

2,412

1,373General and administrative

2,340

1,896

6,341

11,780Total operating expenses

4,051

3,690

12,780

15,883Loss from Operations

(3,211)

(3,126)

(10,858)

(13,513)Expenses related to revaluation of contingently redeemable warrants and others, net

402106Expenses related to interest on convertible loan and other financial expenses (income)

1,290

(11)

3,316

136Loss bef
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SOURCE InspireMD, Inc.
Copyright©2012 PR Newswire.
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