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ULURU Inc. Reports Second Quarter 2013 Financial Results
Date:8/15/2013

ADDISON, Texas, Aug. 15, 2013 /PRNewswire/ -- ULURU Inc. (OTCQB: ULUR) today announced its financial results for the second quarter ended June 30, 2013 and provided a review of its operating activities.

During the second quarter continued progress was made towards the expansion of commercialization of Altrazeal® in international markets:

  • Orders were received from 4 new markets, and production was initiated for the following;
  • Czech Republic, Slovakia, Portugal and South Africa;
  • Advanced discussions on the expansion of strategic relationships for major territories; and
  • Initiated a controlled clinical study to demonstrate the cost effectiveness of Altrazeal®.
  • Commenting on the business activities, Kerry P. Gray, President and CEO, stated, "Our previous guidance for revenue growth and positive cash flow in the fourth quarter remains unchanged. Our international partnership activities have now been expanded to include Latin America and Asia. These activities will further accelerate our global growth. We remain focused on achieving our commercialization objectives for the upcoming 18 months of marketing Altrazeal® in 50 markets and we believe we are on track to achieve this objective. Activities have also commenced to further enhance the clinical package supporting Altrazeal® by undertaking additional controlled studies to demonstrate clinical benefit and cost advantage."  

    For the second quarter of 2013, the Company reported a net loss of $0.8 million, or $0.06 per share, compared with a net loss of $0.9 million, or $0.11 per share, for the same period last year.  For the six months ended June 30, 2013, the reported net loss was $1.5 million, or $0.12 per share, compared with a net loss of $1.7 million, or $0.21 per share, for the same period last year.

    Commenting on the financial results Kerry P. Gray, President
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    SOURCE ULURU Inc.
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