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PLC Systems Reports Third Quarter 2011 Results
Date:11/14/2011

ffect the market for our products, and additional risk factors described in the "Forward Looking Statements" section of our Annual Report on Form 10-K for the year ended December 31, 2010, a copy of which is on file with the SEC.

PLC Systems, PLC Medical Systems, PLC, RenalGuard and RenalGuard System are trademarks of PLC Systems Inc.

Novadaq is a trademark of Novadaq Technologies, Inc.

Contact:  Mary T. Conway
508-520-2545
mconway@plcmed.com (Financial tables follow)PLC SYSTEMS INC.CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share data)

(Unaudited)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2011201020112010Revenues

$
27$
7$
482$
533Cost of revenues

1739355632Gross profit (loss)

10(22)127(99)Operating expensesSelling, general and administrative

5915451,8502,184Research and development

312116759482Total operating expenses

9036612,6092,666Gain on the sale of assets

----(40)(98)Loss from continuing operations

(893)(683)(2,442)(2,667)Other expense:Interest expense

(116)--(277)--Financing costs associated with convertible notes

----(530)--Change in fair value of warrant liabilities

232--(872)--Change in fair value of convertible notes

376--(1,840)--Total other expense

492--(3,519)--Net loss from continuing operations

(401)(683)(5,961)(2,667)Discontinued operations:Income from discontinued operations, net

--678531,903Gain on sale of discontinued operations, net

----1,179--Net loss

$  (401)$
(5)

SOURCE PLC Systems
Copyright©2010 PR Newswire.
All rights reserved

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