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

Inc.

David Kaysen, President and CEO, or

Medi Jiwani, Vice President, CFO, and Treasurer

952.426.6140 EVC Group

Doug Sherk/Jenifer Kirtland (Investors)

415.568.4887

Chris Gale (Media)

646.201.5431 UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)Three Months EndedSeptember 30,Six Months EndedSeptember 30,2011201020112010Net sales

$4,967,621$3,244,823$9,620,743$6,280,322Cost of goods sold

759,336594,4691,468,9011,105,165Gross profit

4,208,2852,650,3548,151,8425,175,157Operating expensesGeneral and administrative

942,557897,3681,964,4151,747,877Research and development

456,871472,008912,631872,637Selling and marketing

3,869,8752,017,4207,464,0174,005,946Amortization

214,056210,682426,371421,4505,483,3593,597,47810,767,4347,047,910Operating loss

(1,275,074)(947,124)(2,615,592)(1,872,753)Other income (expense)Interest income

13,71617,99931,55031,627Interest expense

(57)(1,938)(57)(3,885)Foreign currency exchange gain (loss)

(8,587)10,574(3,279)12,3645,07226,63528,21440,106Loss before income taxes

(1,270,002)(920,489)(2,587,378)(1,832,647)Income tax expense

8,4852,18322,41619,333Net loss

$(1,278,487)$(922,672)$(2,609,794)$(1,851,980)Basic and diluted loss per common share

$(0.06)$(0.05)$(0.13)$(0.11)Weighted average common shares outstanding:Basic and diluted

20,689,00019,088,00020,659,00017,208,000UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)September 30, 2011March 31, 2011AssetsCurrent assets:Cash and cash equivalents & short-term investments

$14,162,296$14,084,150Accounts receivable, net

2,255,5932,085,262Inventories

738,534677,960Other

489,730348,100Total current assets

17,646,15317,195,472Property, plant, and equipment, net

1,160,0081,210,542Intangible assets, net
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SOURCE Uroplasty, Inc.
Copyright©2010 PR Newswire.
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