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Transgenomic, Inc. Reports Second Quarter 2007 Results
Date:8/19/2007

vents 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 Six Months

Ended Ended

June 30 June 30

2007 2006 2007 2006

NET SALES $6,272 $6,189 $11,494 $12,686

COST OF GOODS SOLD 2,859 3,140 5,373 6,654

Gross profit 3,413 3,049 6,121 6,032

OPERATING EXPENSES:

Selling, general and

administrative 3,067 2,820 6,047 5,529

Research and development 492 531 1,550 1,135

Restructuring costs 624 -- 624 --

4,183 3,351 8,221 6,664

LOSS FROM OPERATIONS (770) (302) (2,100) (632)

OTHER INCOME (EXPENSE):

Interest income, net of

interest expense 79 44 141 88

Other, net -- -- 4 --

Gain on sale of i
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SOURCE Transgenomic, Inc.

Copyright©2007 PR Newswire.

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