Uroplasty Reports Financial Results for the Third Quar... (e events and financial performance. Thes...)

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Uroplasty Reports Financial Results for the Third Quarter FY2011

Date:1/27/2011

e events and financial performance. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our anticipated results. We discuss in detail the factors that may affect the achievement of our forward-looking statements in our Annual Report on Form 10-K filed with the SEC. In particular, we cannot be certain that we will ever achieve sustained profitability, that the rate of reimbursement for PTNS treatments will be adequate to justify the cost of our product, that other Medicare carriers or private payers will provide coverage for this treatment or that existing carriers and payers will not change their coverage decisions, or that any of the other risks identified in our 10-K will not adversely affect our expectations as described in these forward-looking statements.For Further Information: Uroplasty, Inc.

David Kaysen, President and CEO, or

Medi Jiwani, Vice President, CFO, and

Treasurer

952.426.6140 EVC Group

Doug Sherk/Jenifer Kirtland (Investors)

415.896.6820

Chris Gale (Media)

646.201.5431 UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three Months EndedNine Months EndedDecember 31,December 31,2010200920102009Net sales

$3,492,067$3,068,142$9,772,389$8,880,546Cost of goods sold

604,566505,3991,709,7311,592,443Gross profit

2,887,5012,562,7438,062,6587,288,103Operating expensesGeneral and administrative

861,183639,6082,608,8682,201,199Research and development

423,794401,4811,296,4311,365,194Selling and marketing

2,871,4561,702,9006,877,4025,728,242Amortization

211,058211,189632,508634,5054,367,4912,955,17811,415,2099,929,140Operating loss

(1,479,990)(392,435)(3,352,551)(2,641,037)Other income (expense)Interest income

21,13521,46852,76277,097Interest expense

(652)(1,291)(4,537)(10,986)Foreign currency exchange gain
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SOURCE Uroplasty, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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1. Uroplasty to Issue Third Quarter 2011 Results on January 27, 2011
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4. Uroplasty Inc. Announces CPT® Category I Code and Associated Reimbursement Value for Posterior Tibial Nerve Stimulation
5. Uroplasty Reports Financial Results for the Second Quarter FY2011
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