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

nventories

(175,833)(65,281)Other current assets

(102,998)(143,370)Accounts payable

26,516(27,130)Accrued liabilities

10,040(20,515)Accrued pension liability, net

(36,401)(65,303)Net cash used in operating activities

(891,673)(2,281,152)Cash flows from investing activities: Proceeds from maturity of held-to-maturity investments

3,800,0003,500,016 Proceeds from maturity of available-for-sale investments

2,000,0007,518,252 Purchases of held-to-maturity investments

(1,780,000)(5,280,042) Purchases of available-for-sale investments

(3,218,286)- Purchases of property, plant and equipment

(93,981)(106,325) Proceeds from sale of property, plant and equipment

7,276- Purchase of intangible assets

(4,440)(67,198)Net cash provided by investing activities

710,5695,564,703Cash flows from financing activities: Net proceeds from exercise of options

150,000207,050Net cash provided by financing activities

150,000207,050Effect of exchange rate changes on cash and cash equivalents

(10,580)(15,824)Net (decrease) increase  in cash and cash equivalents

(41,684)3,474,777Cash and cash equivalents at beginning of period

4,653,2266,063,573Cash and cash equivalents at end of period

$4,611,542$9,538,350Cash paid during the period for interest

$-$57Cash paid during the period for income taxes

35,50724,074Non-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 and disclosed by us are not a substi
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SOURCE Uroplasty, Inc.
Copyright©2012 PR Newswire.
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