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Uroplasty Reports Financial Results for the Fiscal Fourth Quarter and Full Year 2011
Date:5/25/2011

741)Deferred rent

(35,228)(35,076)Changes in operating assets and liabilities: Accounts receivable

(752,970)(56,052)Inventories

(328,754)172,723Other current assets and income tax receivable

(85,529)(42,827)Accounts payable

170,326(127,355)Accrued liabilities

705,474(152,700)Accrued pension liability, net

(5,322)39,159Net cash used in operating activities

(3,376,465)(1,892,243)Cash flows from investing activities:Proceeds from maturity of marketable securities

7,261,5685,500,000Purchases of marketable securities

(17,318,915)(4,500,000)Purchases of property, plant and equipment

(229,131)(111,154)Proceeds from sales of equipment

-2,800Payments for intangible assets

(35,643)-Net cash (used in) provided by  investing activities

(10,322,121)891,646Cash flows from financing activities:Net proceeds from public offering of common stock

14,917,059-Net proceeds from exercise of  warrants and options

2,542,207-Net cash provided by financing activities

17,459,266-Effect of exchange rates on cash and cash equivalents

(8,376)35,567Net increase (decrease) in cash and cash equivalents

3,752,304(965,030)Cash and cash equivalents at beginning of year

2,311,2693,276,299Cash and cash equivalents at end of year

$6,063,573$2,311,269Supplemental disclosure of cash flow information:Cash paid during the year for interest

$17$7,697Cash paid during the year for income tax

17,549135,032Non-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
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SOURCE Uroplasty, Inc.
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Related medicine technology :

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4. Uroplasty to Present at ROTH Capital Partners 23rd Annual OC Growth Stock Conference
5. Uroplasty Reports Financial Results for the Third Quarter FY2011
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