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Uroplasty Reports Third Quarter of Fiscal 2012 Financial Results
Date:1/26/2012

MINNEAPOLIS, Jan. 26, 2012 – Uroplasty, Inc. (NASDAQ: UPI), a medical device company that develops, manufactures and markets innovative proprietary products to treat voiding dysfunctions, today reported financial results for the third quarter of fiscal 2012 ended December 31, 2011.

Global sales increased 53% to $5.3 million in the third quarter of fiscal 2012, compared with $3.5 million in the fiscal third quarter a year ago.  Sales in the U.S. grew 78%, with an 89% increase in sales of the Urgent PC Neuromodulation System and a 71% increase in sales of Macroplastique.  Outside the U.S., sales rose by 19%.

"Year over year sales growth for both Urgent PC and Macroplastique remained strong inside and outside the U.S.  Macroplastique continued to gain market acceptance in the U.S.  Although we were not pleased that our sequential quarterly sales in the U.S. of Urgent PC were relatively flat, we are confident that by implementing key new initiatives, we will continue to realize growth in the upcoming quarters," said David Kaysen, President and CEO of Uroplasty, Inc.On a sequential basis, U.S. sales of Urgent PC in the third quarter of fiscal 2012 were essentially unchanged from the second quarter of fiscal 2012.  There were 500 active U.S. Urgent PC customers during the fiscal third quarter compared with 509 in the second quarter.  The Company sold 2,531 lead set boxes during the third quarter compared with 2,579 in the prior quarter.  

"To accelerate Urgent PC sequential growth in the U.S., we intend to help our new customers ramp up and more quickly incorporate the therapy into their practices," Mr. Kaysen continued.  "To accomplish this, we have aligned our sales initiatives and incentives, which we believe will shorten the period between the initial purchase and the scheduling of patients for treatment.  S
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SOURCE Uroplasty, Inc.
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