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ULURU Inc. Reports Third Quarter 2011 Financial Results
Date:11/15/2011

F OPERATIONS DATAThree Months Ended September 30,Nine Months Ended September 30,2011201020112010REVENUESLicense fees

$
,184$
4,370$
8,349$  150,283Royalty income

18,86123,10451,528132,473Product sales, net

48,60734,143159,132245,725Other

------------Total Revenues

73,65261,617229,009528,481COSTS AND EXPENSESCost of goods sold

11,0656,41635,545143,259Research and development

233,087295,781749,049948,960Selling, general and administrative

566,541666,2051,779,0452,405,123Amortization of intangible assets

206,454206,454612,632699,252Depreciation

75,35979,073227,665179,053Total Costs and Expenses

1,092,5061,253,9293,403,9364,375,647OPERATING (LOSS)(1,018,854)(1,192,312)(3,174,927)(3,847,166)Other Income (Expense)Interest and miscellaneous income

1,8574,8409,4855,555Interest expense

(22,545)(20,650)(48,839)(37,138)Loss on sale of intangible asset

---------( 857,839)(LOSS) Before Income Taxes(1,039,542)(1,208,122)(3,214,281)(4,736,588)Income taxes

------------NET (LOSS)$(1,039,542)$(1,208,122)$(3,214,281)$(4,736,588)Less preferred stock dividends

(462)---(462)---NET (LOSS) Allocable to Common Stockholders$(1,040,004)$(1,208,122)$(3,214,743)$(4,736,588)Basic and diluted net (loss) per common share

$   (0.18)$   (0.22)$  (0.55)$  (0.87)WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING

5,928,0845,472,2885,850,9005,423,076ULURU Inc.SELECTED CONDENSED CONSOLIDATED BALANCE SHEET DATASeptember 30, 2011December 31, 2010(Unaudited)(Audited)  Cash and cash equivalents

$
,989$
41,441  Current assets

1,597,4441,996,265  Property and equipment, net

1,147,8181,375,484  Other assets

4,797,0045,648,764  Total assets

7,542,2669,020,513  Current liabilities

1,797,9891,019,597  Long term liabilities

907,994594,653  Total liabilities


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SOURCE ULURU Inc.
Copyright©2010 PR Newswire.
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