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Uroplasty Reports Fiscal Second Quarter 2013 Financial Results
Date:10/25/2012

rage for this treatment or that existing carriers and payers 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

Treasurer

952.426.6140

EVC Group

Jenifer Kirtland/Jamar Ismail (Investors)

415.568.4887

Chris Gale (Media)

646.201.5431  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three Months EndedSix Months EndedSeptember 30,September 30,2012201120122011Net sales

$5,709,840$4,967,621$11,286,963$9,620,743Cost of goods sold 

774,963759,3361,530,5501,468,901Gross profit

4,934,8774,208,2859,756,4138,151,842Operating expensesGeneral and administrative

1,027,835942,5572,119,6811,964,415Research and development

598,933456,8711,161,974912,631Selling and marketing

3,734,0423,869,8757,698,8777,464,017Amortization

215,681214,056431,290426,3715,576,4915,483,35911,411,82210,767,434Operating loss

(641,614)(1,275,074)(1,655,409)(2,615,592)Other income (expense)Interest income

10,93113,71623,50931,550Interest expense

-(57)-(57)Foreign currency exchange gain (loss)

5,794(8,587)(3,877)(3,279)16,7255,07219,63228,214Loss before income taxes

(624,889)(1,270,002)(1,635,777)(2,587,378)Income tax expense 

14,6378,48523,10422,416Net loss

$(639,526)$(1,278,487)$(1,658,881)$(2,609,794)Basic and diluted loss per common share

$(0.03)$(0.06)$(0.08)$(0.13)Weighted average common shares outstanding:Basic and diluted

20,763,34520,688,91920,753,36820,659,017UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)Sept
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SOURCE Uroplasty, Inc.
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