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Transgenomic, Inc. Reports Fourth Quarter and Fiscal Year 2008 Results
Date:3/18/2009

future economic circumstances, industry conditions, company performance and financial results, including the ability of the Company to grow its involvement in the diagnostic products and services markets. The known risks, uncertainties and other factors affecting these forward-looking statements are described from time to time in Transgenomic's reports to the Securities and Exchange Commission. Any change in such factors, risks and uncertainties may cause the actual results, events and performance to differ materially from those referred to in such statements. Accordingly, the company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all statements contained in this press release. All information in this press release is as of the date of the release and Transgenomic does not undertake any duty to update this information, including any forward-looking statements, unless required by law.


                               Transgenomic, Inc.
                             Summary Financial Results
                 Unaudited Condensed Consolidated Statements of Operations
                          (dollars in thousands except per share data)

                                     Three Months Ended      Year Ended
                                        December 31,         December 31,
                                      2008       2007       2008       2007
                                      ----       ----       ----       ----

    NET SALES                        $6,126      $6,531    $23,993    $23,176
    COST OF GOODS SOLD                2,776       2,610     10,345     10,483
      Gross profit                    3,350       3,921     13,648     12,693
    OPERATING EXPENSES:
      Selling, general and
       administrative                 1,972       2,748     10,795     11,466
      Research and development   
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SOURCE Transgenomic, Inc.
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