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

d disclosed by us are not a substitute for, or superior to, financial measures and consolidated financial results calculated in accordance with GAAP, and you should carefully evaluate our reconciliations to non-GAAP.  We may calculate our non-GAAP financial measures differently from similarly titled measures used by other companies.  Therefore, our non-GAAP financial measures may not be comparable to those used by other companies.  We have described the reconciliations of each of our non-GAAP financial measures described above to the most directly comparable GAAP financial measures.

We use these non-GAAP financial measures, and in particular non-GAAP operating loss, for internal managerial purposes and incentive compensation for senior management because we believe such measures are one important indicator of the strength and the operating performance of our business.  Analysts and investors frequently ask us for this information.  We believe that they use these measures to evaluate the overall operating performance of companies in our industry, including as a means of comparing period-to-period results and as a means of evaluating our results with those of other companies.

Our non-GAAP operating loss for the three months ended March 31, 2012 and 2011 was approximately $122,000 and $928,000, respectively.  Our non-GAAP operating loss for fiscal 2012 and 2011 was approximately $2.5 million and $3.1 million, respectively.  The fiscal 2012 decrease in non-GAAP operating loss is attributed primarily to an increase in net sales which more than offset the increase in non-GAAP spending.  Expense AdjustmentsGAAPShare-based  CompensationDepreciationAmortizationNon-GAAP 

Three Months Ended March 31, 2012Gross Profit

$4,805,000

$6,000

$9,000$4,820,000% of sales

85.9%86.1%Operating ExpensesGeneral & administrative

844,000

(116,000)

(44,000
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SOURCE Uroplasty, Inc.
Copyright©2010 PR Newswire.
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