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Transgenomic Reports Second Quarter Financial Results
Date:8/11/2011

looking statements" of Transgenomic within the meaning of the Private Securities Litigation Reform Act of 1995, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Forward-looking statements include, but are not limited to, those with respect to management's current views and estimates of future economic circumstances, industry conditions, company performance and financial results, including the ability of the Company to grow its involvement in the diagnostic products and services markets. The known risks, uncertainties and other factors affecting these forward-looking statements are described from time to time in Transgenomic's filings with the Securities and Exchange Commission. Any change in such factors, risks and uncertainties may cause the actual results, events 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. AND SUBSIDIARYUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Dollars in thousands except per share data)Three Months EndedSix Months EndedJune 30,June 30,2011201020112010NET SALES$

7,667$

5,095$

15,148$

10,537COST OF GOODS SOLD3,1122,6086,4065,166Gross profit

4,5552,4878,7425,371OPERATING EXPENSES:Selling, general and administrative

5,5893,0339,9465,464Research and development

5795121,1351,339Restructuring Charges

11—35—6,1
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SOURCE Transgenomic, Inc.
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