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Transgenomic Reports Second Quarter 2008 Results
Date:8/5/2008

ded Six Months Ended

June 30, June 30,

2008 2007 2008 2007

NET SALES $6,246 $6,272 $12,501 $11,494

COST OF GOODS SOLD 2,507 2,859 5,122 5,373

Gross profit 3,739 3,413 7,379 6,121

OPERATING EXPENSES:

Selling, general and

administrative 3,091 3,067 6,066 6,047

Research and

development 560 492 1,132 1,550

Restructuring Costs 8 624 8 624

3,659 4,183 7,206 8,221

INCOME (LOSS) FROM

OPERATIONS 80 (770) 173 (2,100)

OTHER INCOME (EXPENSE):

Interest income

(expense) 25 79 58 141

Other, net - - (1) 4

Gain on sale of

investment - 938 - 938

25 1,017 57 1,083

INCOME (LOSS) BEFORE

INCOME TAXES 105 247 230 (1,017)

INCOME TAX EXPENSE 4 14 7 19

INCOME (LOSS) FROM

CONTINUING OPERATIONS 101 233 223 (1,036)

INCOME FROM DISCONTINUED

OPERATIONS, NET OF TAX - (7) - 66

NET INCOME (LOSS) $101 $226 $223 $(970)

BASIC AND DILUTED INCOME

(LOSS) PER SHARE:

From continuing

operations $0.00 $0.00 $0.00 $(0.02)

From discontinued

operations - 0.00 - 0.00


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SOURCE Transgenomic
Copyright©2008 PR Newswire.
All rights reserved

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