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Uroplasty Reports Fiscal Fourth Quarter And Full Year 2012 Financial Results

rs will not change their coverage decisions, that the rate of adoption of our products by new customers will continue, 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




EVC Group

Doug Sherk/Jenifer Kirtland (Investors)


Chris Gale (Media)



 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSThree Months EndedMarch 31,(unaudited)Year EndedMarch 31,2012201120122011Net sales

$5,596,782$4,014,643$20,561,714$13,787,032Cost of goods sold

791,527676,7003,036,9672,386,431Gross profit

4,805,2553,337,94317,524,74711,400,601Operating expensesGeneral and administrative

843,684833,8923,732,6233,442,952Research and development

406,296423,1011,905,3661,719,532Selling and marketing


215,460211,094856,995843,6025,394,6884,682,74721,791,20116,098,148Operating loss

(589,433)(1,344,804)(4,266,454)(4,697,547)Other income (expense)Interest income

14,25419,66460,07272,426Interest expense

-(530)(57)(5,067)Foreign currency exchange gain (loss)

18,084(2,145)3,78010,72232,33816,98963,79578,081Loss before income taxes

(557,095)(1,327,815)(4,202,659)(4,619,466)Income tax expense

15,94457747,71228,837Net loss

$(573,039)$(1,328,392)$(4,250,371)$(4,648,303)Basic and diluted loss per common share

$(0.03)$(0.06)$(0.21)$(0.25)Weighted average common shares outstanding:Basic and diluted




SOURCE Uroplasty, Inc.
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