Uroplasty Reports Financial Results for the First Quarter of F... (ustained profitability that the rate of ...)

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Uroplasty Reports Financial Results for the First Quarter of Fiscal 2012

Date:7/28/2011

ustained profitability, that the rate of reimbursement for PTNS treatments will be adequate to justify the cost of our product, that other Medicare carriers or private payers will provide coverage for this treatment or that existing carriers and payers will not change their coverage decisions, or that any of the other risks identified in our 10-K will not adversely affect our expectations as described in these forward-looking statements.

CPT is a registered trademark of the American Medical Association.For Further Information:Uroplasty, Inc.

EVC GroupDavid Kaysen, President and CEO, or

Doug Sherk/Jenifer Kirtland (Investors)Medi Jiwani, Vice President, CFO, and Treasurer

415.568.4887952.426.6140

Chris Gale (Media)646.201.5431UROPLASTY, INC. AND SUBSIDIARIESCONDENSED Consolidated Statements of Operations(Unaudited)Three Months EndedJune 30,20112010Net sales

$4,653,123$3,035,499Cost of goods sold

709,566510,696Gross profit

3,943,5572,524,803Operating expensesGeneral and administrative

1,021,858850,509Research and development

455,760400,629Selling and marketing

3,594,1421,988,526Amortization

212,315210,7685,284,0753,450,432Operating loss

(1,340,518)(925,629)Other income (expense)Interest income

17,83413,628Interest expense

-(1,947)Foreign currency exchange gain (loss)

5,3081,79023,14213,471Loss before income taxes

(1,317,376)(912,158)Income tax expense

13,93117,150Net loss

($1,331,307)($929,308)Basic and diluted loss per common share

($0.06)($0.06)Weighted average common shares outstanding:Basic and diluted

20,629,00015,307,000UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)June 30, 2011March 31, 2011AssetsCurrent assets:Cash and cash equivalents & short-term investments

$14,050,660$14,084,150Accounts receivable, net

2,032,2682,085,262Inventories

714,089677,960Other<
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SOURCE Uroplasty, Inc.
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1. Uroplasty to Issue First Quarter 2012 Financial Results on July 28, 2011
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