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PLC Systems Reports First Quarter 2012 Results
Date:5/15/2012

ains (losses)13--Financing costs associated with convertible notes--(530)Change in fair value of warrant liabilities(2,400)(1,476)Change in fair value of convertible notes(3,107)(2,218)Total other expense(5,610)(4,270)Net loss from continuing operations before income taxes(6,779)(5,019)Benefit for income taxes from continuing operations--492Net loss from continuing operations, net of income taxes(6,779)(4,527)Discontinued operations:Income from discontinued operations, net of income taxes--53Gain on sale of discontinued operations, net of provision for
income taxes of $492--687Net income from discontinued operations, net of income taxes--740Net loss(6,779)(3,787)Net loss per weighted average share, basic and diluted:From loss on continuing operations attributable to common
stockholders$(0.22)$ (0.16)From income on discontinued operations--0.00From gain on sale of discontinued operations--0.04Net loss attributable to common stockholders per weighted average share, basic and diluted$(0.22)$(0.12)Weighted average shares outstanding:Basic and diluted30,35730,351 CONDENSED CONSOLIDATED BALANCE SHEET(Unaudited)March 31,
2012December 31,
2011Cash and cash equivalents$
,601$
2,585Total current assets2,4713,509Total assets2,5523,549Total current liabilities716710Shareholders' equity (deficit)(10,664)(4,088) 

Contact: Mary T. Conway
508-520-2545
mconway@plcmed.com


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