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Transgenomic, Inc. Reports Second Quarter 2009 Results
Date:8/12/2009

solidated Balance Sheets (Dollars in thousands) (Unaudited) June 30, December 31, 2009 2008 ---- ---- ASSETS CURRENT ASSETS: Cash and cash equivalents $4,776 $4,771 Accounts receivable (net of allowances for bad debts of $358 and $388, respectively) 4,310 5,385 Inventories 4,639 4,775 Prepaid expenses and other current assets 513 654 --- --- Total current assets 14,238 15,585 PROPERTY AND EQUIPMENT, NET 1,100 1,198 OTHER ASSETS: Other assets, (net of accumulated amortization of $457 and $425, respectively) 748 773 --- --- $16,086 $17,556 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $873 $905 Other accrued expenses 2,592 2,810 Accrued compensation 577 520 --- --- Total current liabilities 4,042 4,235 OTHER LONG TERM LIABILITIES 143 116
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