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

nvestment 938 -- 938 --

1,017 44 1,083 88

INCOME (LOSS) BEFORE INCOME TAXES 247 (258) (1,017) (544)

INCOME TAX EXPENSE 14 -- 19 17

INCOME (LOSS) FROM CONTINUING

OPERATIONS 233 (258) (1,036) (561)

INCOME (LOSS) FROM DISCONTINUED

OPERATIONS, NET OF TAX (7) (125) 66 (139)

NET INCOME (LOSS) $226 $(383) $(970) $(700)

BASIC AND DILUTED INCOME (LOSS)

PER SHARE:

From continuing operations $0.00 $(0.01) $(0.02) $(0.01)

From discontinued operations 0.00 0.00 0.00 0.00

$0.00 $(0.01) $(0.02) $(0.01)

BASIC WEIGHTED AVERAGE SHARES

OUTSTANDING 49,189,672 49,189,672 49,189,672 49,187,211

DILUTED WEIGHTED AVERAGE

SHARES OUTSTANDING 62,141,863 49,189,672 49,189,672 49,187,211

Transgenomic, Inc.

Summary Financial Results

Unaudited Condensed Consolidated Statements of Cash Flows

(Dollars in thousands)

Six Months

Ended

June 30,

2007 2006

NET CASH FLOWS PROVIDED BY (USED IN) OPERATING

ACTIVITIES (1,564) 665

NET CASH FLOWS PROVIDED BY (USED IN) INVESTING

ACTIVITIES 3,572 (179)

NET CASH FLOWS PROVIDED BY FINANCING

ACTIVITIES
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SOURCE Transgenomic, Inc.

Copyright©2007 PR Newswire.

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