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

)756(50)765(50)MODIFIED EBITDA(369)(939)(385)(1,104)TRANSGENOMIC, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in thousands except per share data)June 30,2011December 31,(unaudited)2010ASSETSCURRENT ASSETS:Cash and cash equivalents

$

2,639$

3,454Accounts receivable

7,1947,601Inventories

3,3093,344Other current assets

860635Total current assets

14,00215,034PROPERTY AND EQUIPMENT, NET1,7711,602OTHER ASSETS:Goodwill

6,2756,275Intangibles

8,5228,962Other assets

130154$

30,700$

32,027LIABILITIES AND STOCKHOLDERS' EQUITYCURRENT LIABILITIES$9,905$8,253OTHER LIABILITIES:Long term debt less current maturities

7,4068,640Preferred stock conversion feature

7,6001,983Preferred Stock Warrant liability

3,0002,351Other long-term liabilities

1,008843Total liabilities

28,91922,070Redeemable Series A convertible preferred stock, $0.1 par value, 3,879,307 shares authorized, 2,586,205 shares issued and outstanding1,6701,457STOCKHOLDERS' EQUITY1118,500$

30,700$

32,027See notes to unaudited condensed consolidated financial statements.
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SOURCE Transgenomic, Inc.
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