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Transgenomic Reports Third Quarter Financial Results

urrent 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 SubsidiarySummary Financial ResultsUnaudited Condensed Consolidated Statements of Operations(dollars in thousands except per share data)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2010200920102009NET SALES$  4,419

$  5,046

$  14,956

$  15,508COST OF GOODS SOLD2,402



7,291Gross profit




8,217OPERATING EXPENSES:Selling, general and administrative




7,922Research and development




2,468Restructuring charges









(2,173)OTHER INCOME (EXPENSE):Interest income



14Other, net



SOURCE Transgenomic, Inc.
Copyright©2010 PR Newswire.
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