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Uroplasty Reports Financial Results for the Third Quarter FY2011
Date:1/27/2011

bladder.  In anticipation of increased interest in Urgent PC, we have expanded our U.S. field sales and support organization.  At December 31, 2010, we had 31 sales representatives compared with 19 sales reps at September 30, 2010."

"As we look ahead, we anticipate continued demand for our Urgent PC Neuromodulation System, as physicians become more comfortable with the treatment and gather additional patient feedback and reimbursement experience.  We are focused on execution, driving adoption and sales of Urgent PC and Macroplastique in the U.S., and maintaining our presence in international markets.  With the capital raise in July, we have sufficient cash to pursue these growth initiatives," Mr. Kaysen concluded.

Fiscal Third Quarter and First Nine Months Results for the Period Ended December 31, 2010 Net sales for the three months ended December 31, 2010 totaled $3.5 million, an increase of 14% over net sales of $3.1 million for the third quarter of the prior fiscal year.  Excluding the translation impact of foreign currency exchange rates, sales increased by approximately 17%. For the nine months ended December 31, 2010, net sales were $9.8 million, a 10% increase above net sales for the comparable period of 2009 of $8.9 million.  Excluding the impact of foreign exchange translation, sales grew by 14%.

Sales to customers in the U.S. for the three months ended December 31, 2010 were $2.0 million, a 33% increase compared to $1.5 million in net sales for the year-ago quarter.  During the first nine months of fiscal 2011, sales to customers in the U.S. totaled $5.5 million, representing a 22% increase over net sales of $4.5 million for the comparable nine month period of fiscal 2010.  

Sales in the U.S. of the Urgent PC product for the three months ended December 31, 2010 increased 10% to $1.0 million compared with $934,000 for the same period last year.  For the recent nine month period, sal
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SOURCE Uroplasty, Inc.
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