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Uroplasty Reports Financial Results for the First Quarter of Fiscal 2012
Date:7/28/2011

4,250,059500,000Purchases of marketable securities

(3,840,016)(3,000,000)Purchases of property, plant and equipment

(71,865)(40,519)Purchase of intangible assets

(10,405)-Proceeds from sale of property, plant and equipment

1,000-Net cash provided by (used in) investing activities

328,773(2,540,519)Cash flows from financing activities:Net proceeds from exercise of  warrants and options

126,5502,211,250Net cash provided by financing activities

126,5502,211,250Effect of exchange rate changes on cash and cash equivalents

5,575(29,969)Net decrease in cash and cash equivalents

(902,632)(1,002,488)Cash and cash equivalents at beginning of period

6,063,5732,311,269Cash and cash equivalents at end of period

$5,160,941$1,308,781Supplemental disclosure of cash flow information:Cash (paid) received during the period for income taxes

($8,968)$8,034Non-GAAP Financial Measures:  The following table reconciles our operating loss calculated in accordance with accounting principles generally accepted in the U.S. (GAAP) to non-GAAP financial measures that exclude non-cash charges for share-based compensation, and depreciation and amortization expenses from gross profit, operating expenses and operating loss.  The non-GAAP financial measures used by management and disclosed by us are not a substitute for, or superior to, financial measures and consolidated financial results calculated in accordance with GAAP, and you should carefully evaluate our reconciliations to non-GAAP.  We may calculate our non-GAAP financial measures differently from similarly titled measures used by other companies.  Therefore, our non-GAAP financial measures may not be comparable to those used by other companies.  We have described the reconciliations of each of our non-GAAP financial measures described above to the most directly comparable GAAP financial measures.

We use these non-GAAP
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SOURCE Uroplasty, Inc.
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