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Uroplasty Reports Financial Results for the Second Quarter FY2011
Date:10/27/2010

e recent six month period, sales from Urgent PC totaled $1.9 million, a decline of 3% from $2.0 million for the comparable period last year.

Sales in the U.S. of Macroplastique increased 50% to $791,000 for the three months ended September 30, 2010, from $528,000 for the same period last year.  For the six months of fiscal 2011, sales of Macroplastique increased 58% to $1.5 million versus $949,000 in the same period a year ago.  The growth in Macroplastique product sales reflects the increased sales and marketing focus on this product line as well as competitive benefits that have been highlighted by independent reviews.

Net sales to customers outside of the U.S. for the three months ended September 30, 2010 were $1.4 million, a decrease of 6% from $1.5 million in the same quarter last year.  Excluding the impact of foreign exchange translation, sales increased by approximately 4%.  For the six months ended September 30, 2010, sales of $2.8 million were roughly unchanged from the comparable period of the prior year.  Excluding the impact of foreign exchange translation, sales increased by approximately 7%.

The operating loss for the fiscal second quarter ended September 30, 2010 was $947,000 compared with $877,000 in the prior year. The operating loss, excluding non-cash charges for share-based compensation and depreciation and amortization, of $591,000 in the recent second quarter increased from approximately $475,000 in the year-ago quarter, primarily due to increased spending because of higher bonuses, commissions, increase in headcount and consulting expenses.  The net loss for the three months ended September 30, 2010 was $923,000, or $0.05 per diluted share, as compared to a net loss of $875,000, or $0.06 per diluted share, for the quarter ended September 30, 2009.

Cash and cash equivalents and short-term investments at September 30, 2010 totaled $21.4 million.  Reflected in the total was the contr
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SOURCE Uroplasty, Inc.
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