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

dentified in our 10-K will not adversely affect our expectations as described in these forward-looking statements.

CPT is a registered trademark of the American Medical Association.For Further Information: Uroplasty, Inc.

EVC Group David Kaysen, President and CEO, or

Doug Sherk/Jenifer Kirtland (Investors) Medi Jiwani, Vice President, CFO,

415.568.4887 and Treasurer

Chris Gale (Media) 952.426.6140

646.201.5431UROPLASTY, INC. AND SUBSIDIARIESCONDENSED Consolidated Statements of Operations(Unaudited)Three Months EndedNine Months EndedDecember 31,December 31,2011201020112010Net sales

$5,344,188$3,492,067$14,964,932$9,772,389Cost of goods sold

776,538604,5662,245,4401,709,731Gross profit

4,567,6502,887,50112,719,4928,062,658Operating expensesGeneral and administrative

924,524861,1832,888,9392,609,060Research and development

586,439423,7941,499,0701,296,431Selling and marketing

3,902,9522,871,45611,366,9696,877,402Amortization

215,164211,058641,535632,5085,629,0794,367,49116,396,51311,415,401Operating loss

(1,061,429)(1,479,990)(3,677,021)(3,352,743)Other income (expense)Interest income

14,26821,13545,81852,762Interest expense

-(652)(57)(4,537)Foreign currency exchange gain (loss)

(11,025)503(14,304)12,8673,24320,98631,45761,092Loss before income taxes

(1,058,186)(1,459,004)(3,645,564)(3,291,651)Income tax expense

9,3528,92731,76828,260Net loss

$
(1,067,538)$
(1,467,931)$
(3,677,332)$
(3,319,911)Basic and diluted loss per common share

$(0.05)$(0.07)$(0.18)$(0.18)Weighted average common shares outstanding:Basic and diluted

20,718,34720,514,53020,678,86518,314,157UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)December 31, 2011March 31, 2011AssetsCurrent assets:Cash and cash equivalents & short-term investments

$12,302,995$14,084,150Accounts receivable, net


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SOURCE Uroplasty, Inc.
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