Oculus Innovative Sciences, Inc. (OCLS) Reports Record Fiscal Second Quarter 2012 Financial Results
11/4/2011 10:09:32 AM
PETALUMA, Calif., Nov. 3, 2011 (GLOBE NEWSWIRE) -- Oculus Innovative Sciences, Inc. (Nasdaq:OCLS) today announced financial results for the second quarter of fiscal year 2012, ended September 30, 2011. Total revenue was $3.7 million in the second quarter, compared to $2.5 million in the second quarter of fiscal year 2011. Product revenue was $3.4 million, up 49%, from $2.3 million in the prior year's second quarter with revenue increases in the United States, Mexico, Europe, China and Middle East, slightly offset by a decline in India. As a result of the strong revenue growth and 80% gross-margin product profitability, the loss from operations minus non-cash expenses for the quarter was $33,000 compared to $1.0 million in the same period last year. The net loss minus non-cash expenses dropped to $246,000 for the quarter compared to $1.2 million last year.