ULURU Inc. (Amex: ULU) today announced its financial results for the fourth quarter and year ended December 31, 2009. ULURU Inc. trades on the “American Stock Exchange” under the stock symbol “ULU”. For More information regarding the "ULU", make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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ULURU Inc. (Amex: ULU) today announced its financial results for the fourth quarter and year ended December 31, 2009.
For the fourth quarter of 2009, the Company reported a net loss of $1.7 million, or $0.02 per share, compared with a net loss of $2.9 million, or $0.04 per share, for the same period last year. For the year ended December 31, 2009, the Company reported a net loss of $9.2 million, or $0.14 per share, compared with a net loss of $9.8 million, or $0.15 per share, in the same period of 2008. At December 31, 2009, the Company held cash and cash equivalents of approximately $1.9 million, compared with $7.6 million at December 31, 2008. As of March 1, 2010, the Company held cash and cash equivalents of approximately $2.34 million.
Revenues for the fourth quarter of 2009 were $233,000, compared to $257,000 for the fourth quarter of 2008. The decrease of approximately $14,000 in revenues from the fourth quarter of 2008 compared to the fourth quarter of 2009 was primarily due to lower licensing fees of $34,000 relating to our Zindaclin® and OraDisc™ technologies and a decrease of $32,000 in sponsored research.
For the year ended December 31, 2009, revenues were $668,000, compared to $733,000 for the same period of 2008. The decrease of approximately $66,000 in revenues was entirely due to lower Aphthasol™ product sales of $166,000 as our distributor did not purchase any Aphthasol™ in 2009.
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