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Uroplasty Sets New Quarterly Revenue Record During Fiscal Second Quarter 2014
Date:10/24/2013

mber 30, 2013 and 2012 was approximately $917,000 and $163,000, respectively.  The increase in non-GAAP operating loss for the three months ended September 30, 2013 over the corresponding period a year ago is attributed to the increase in operating spending, offset slightly by the increase in net sales and gross profit percent.  Our non-GAAP operating loss during the six months ended September 30, 2013 and 2012 was approximately $2.4 million and $724,000, respectively.  The increase in non-GAAP operating loss for the six months ended September 30, 2013 over the corresponding period a year ago is attributed to the increase in operating spending, offset slightly by the increase in net sales and gross profit percent.Expense AdjustmentsThree-Months EndedGAAPShare-based  ExpenseDepreciationAmortization of IntangiblesNon-GAAPSeptember 30, 2013Gross profit

$5,235,000

$6,000

$9,000$5,250,000% of net sales

87.6%87.8%Operating expensesGeneral and administrative

2,390,000

(834,000)

(53,000)1,503,000Research and development

429,000

(11,000)

(1,000)417,000Selling and marketing

4,323,000

(54,000)

(22,000)4,247,000Amortization

8,000(8,000)

-7,150,000

(899,000)

(76,000)

(8,000)

6,167,000Operating loss

$(1,915,000)

$905,000

$85,000

$8,000

$(917,000)September 30, 2012Gross profit

$4,935,000

$8,000

$9,000$4,952,000% of net sales

86.4%86.7%Operating expensesGeneral and administrative

1,028,000

(108,000)

(50,000)870,000Research and development

599,000

(14,000)

(1,000)584,000Selling and marketing

3,734,000

(60,000)

(13,000)3,661,000Amortization

216,000$(216,000)

-5,577,000

(182,000)

(64,000)

(216,
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SOURCE Uroplasty, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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