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Uroplasty Reports Fiscal Fourth Quarter And Full Year 2012 Financial Results
Date:5/24/2012

rent assets

(17,510)(85,529)Accounts payable

(59,025)170,326Accrued liabilities

63,981711,832Accrued pension liability, net

45,843(11,680)Net cash used in operating activities

(3,128,369)(3,376,465)Cash flows from investing activities:Proceeds from maturity of available-for-sale marketable securities

10,018,2522,261,568Proceeds from maturity of held-to-maturity marketable securities

3,740,0005,000,000Purchases of available-for-sale marketable securities

(3,046,270)(12,318,915)Purchases of held-to-maturity marketable securities

(8,840,000)(5,000,000)Purchases of property, plant and equipment

(267,944)(229,131)Payments for intangible assets

(77,738)(35,643)Net cash provided by (used in) investing activities

1,526,300(10,322,121)Cash flows from financing activities:Net proceeds from public offering of common stock

-14,917,059Net proceeds from exercise of  warrants and options

208,8252,542,207Net cash provided by financing activities

208,82517,459,266Effect of exchange rates on cash and cash equivalents

(17,103)(8,376)Net increase (decrease) in cash and cash equivalents

(1,410,347)3,752,304Cash and cash equivalents at beginning of year

6,063,5732,311,269Cash and cash equivalents at end of year

$4,653,226$6,063,573Supplemental disclosure of cash flow information:Cash paid during the year for interest

$57$17Cash paid during the year for income tax

39,00517,549Non-GAAP Financial Measures:  The following table reconciles our operating loss calculated in accordance with accounting principles generally accepted in the U.S. (GAAP) to non-GAAP financial measures that exclude non-cash charges for share-based compensation, and depreciation and amortization expenses from gross profit, operating expenses and operating loss.  The non-GAAP financial measures used by management an
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SOURCE Uroplasty, Inc.
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