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

---- ---- NET CASH FLOWS USED IN OPERATING ACTIVITIES (413) (2,939) NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES (399) 3,083 EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH (140) (289) NET CHANGE IN CASH AND CASH EQUIVALENTS (952) (145) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 5,723 5,868 ----- ----- CASH AND CASH EQUIVALENTS AT END OF PERIOD $4,771 $5,723 ====== ====== Transgenomic, Inc. Summary Financial Results Unaudited Condensed Consolidated Balance Sheets (dollars in thousands) December December 31, 2008 31, 2007 -------- -------- ASSETS CURRENT ASSETS: Cash and cash equivalents $4,771 $5,723 Accounts receivable (net of allowances for bad debts of $388 and $703, respectively) 5,385 5,095 Inventories 4,775 4,586 Prepaid expenses and other current assets 654 759 --- --- Total current assets 15,585 16,163 PROPERTY AND EQUIPMENT, NET 1,198 1,579 OTHER ASSETS: Goodwill
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