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

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EFFECT OF FOREIGN CURRENCY EXCHANGE RATE

CHANGES ON CASH 7 135

NET CHANGE IN CASH AND CASH EQUIVALENTS 2,015 626

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 5,868 6,736

CASH AND CASH EQUIVALENTS AT END OF PERIOD $7,883 $7,362

Transgenomic, Inc.

Summary Financial Results

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands except per share data)

June 30,

2007 December 31,

(unaudited) 2006

ASSETS

CURRENT ASSETS:

Cash and cash equivalents $7,883 $5,868

Accounts receivable (net of allowances for

doubtful accounts of $476 and $444, respectively) 6,474 6,525

Inventories 3,243 2,672

Prepaid expenses and other current assets 571 540

Current assets of discontinued operations 4 --

Total current assets 18,175 15,605

PROPERTY AND EQUIPMENT, NET 1,230 1,498

OTHER ASSETS:

Goodwill 638 638

Other assets 733 853

Non-current assets of discontinued operations -- 2,773

$20,776 $21,367

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accounts payable
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SOURCE Transgenomic, Inc.

Copyright©2007 PR Newswire.

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