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Uroplasty Reports Fiscal Second Quarter 2012 Financial Results
Date:10/27/2011

compared with $591,000 in the fiscal second quarter a year ago.

For the six month period ended September 30, 2011, sales grew 53% to $9.6 million, reflecting an 82% increase in U.S. sales and a 17% increase in sales outside the U.S.  In the U.S., sales of Urgent PC increased 85% and Macroplastique sales grew 78%.  The Company ended the quarter with cash, cash equivalents and cash investments of $17.3 million.

"Our sales staff continues to execute very well. They worked hard to generate sales of Macroplastique and made excellent progress in bringing in new physician customers for Urgent PC.  At quarter end, we had a field staff of 40 sales reps.  By early November, based on hiring confirmations, we expect to have 42 sales reps, five regional sales directors and five reimbursement managers.  

"We see an excellent opportunity for continued growth in our markets. To ensure that we maximize the potential we will be focused on driving utilization with our existing customers, as well as seeking new customers.  With our significant market opportunity, a strengthening sales and marketing organization, and solid financial position, we anticipate continued growth in sales and improved results throughout fiscal 2012," concluded Mr. Kaysen.

Conference Call Uroplasty will host an audio conference call today at 3:30 pm Central, 4:30 pm Eastern, to review the financial results for the second quarter ended September 30, 2011. David Kaysen, President and Chief Executive Officer, and Medi Jiwani, Vice President, Chief Financial Officer and Treasurer, will host the call. Individuals wishing to participate in the conference call should dial 888-549-7880. An audio replay will be available for 30 days following the call at 800-406-7325 (domestic) or 303-590-3030 (international), with the passcode 4481369#.

About Uroplasty, Inc. Uroplasty, Inc., headquartered in Minnetonka, Minnesota, with wholly-owned subsidiaries in
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SOURCE Uroplasty, Inc.
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