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

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 financial measures, and in particular non-GAAP operating loss, for internal managerial purposes and incentive compensation for senior management because we believe such measures are one important indicator of the strength and the operating performance of our business.  Analysts and investors frequently ask us for this information.  We believe that they use these measures to evaluate the overall operating performance of companies in our industry, including as a means of comparing period-to-period results and as a means of evaluating our results with those of other companies.

Our non-GAAP operating loss for the fourth quarter of fiscal 2011 and 2010 was approximately $928,000 and $218,000, respectively.  Expense AdjustmentsGAAPShare-based
CompensationDepreciationAmortizationNon-GAAPThree Months Ended March 31, 2011Gross Profit

$3,338,000

$4,000

$9,000$3,351,000% of sales

83%83%Operating ExpensesGeneral & administrative

833,000

(101,000)

(36,000)696,000Research and development

423,000

(6,000)

(3,000)414,000Selling and marketing

3,215,000

(34,000)

(12,000)3,169,000Amortization

211,000$(211,000)

-4,682,000

(141,000)

(51,000)

(211,000)

4,279,000Operating Loss

$(1,344,000)

$145,000<
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SOURCE Uroplasty, Inc.
Copyright©2010 PR Newswire.
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