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Uroplasty Reports Fiscal Third Quarter 2013 Financial Results

ice President, CFO, and Treasurer

952.426.6140 EVC Group

Jenifer Kirtland (Investors)


Chris Gale (Media)


UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three Months EndedNine Months EndedDecember 31December 312012201120122011Net sales

$5,590,431$5,344,188$16,877,394$14,964,932Cost of goods sold 

734,171776,5382,264,7212,245,440Gross profit

4,856,2604,567,65014,612,67312,719,492Operating expenses  General and administrative

1,058,558924,5243,178,2392,888,939  Research and development

533,867586,4391,695,8411,499,070  Selling and marketing

3,725,5303,902,95211,424,40711,366,969  Amortization

215,681215,164646,971641,5355,533,6365,629,07916,945,45816,396,513Operating loss

(677,376)(1,061,429)(2,332,785)(3,677,021)Other income (expense)  Interest income

12,32714,26835,83645,818  Interest expense

(12)-(12)(57)  Foreign currency exchange gain (loss)

445(11,025)(3,432)(14,304)12,7603,24332,39231,457Loss before income taxes

(664,616)(1,058,186)(2,300,393)(3,645,564)Income tax expense 

12,7089,35235,81231,768Net loss

$(677,324)$(1,067,538)$(2,336,205)$(3,677,332)Basic and diluted loss per common share

$(0.03)$(0.05)$(0.11)$(0.18)Weighted average common shares outstanding:Basic and diluted


UROPLASTY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)December 31, 2012March 31, 2012AssetsCurrent assets:Cash and cash equivalents & short-term investments

$14,423,486$11,854,127Accounts receivable, net



433,790363,639Total current assets

18,156,00115,620,942Property, plant, and equipment, net


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

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