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Transgenomic Reports Third Quarter Financial Results
Date:11/15/2010

1

10LOSS BEFORE INCOME TAXES (827)

(400)

(2,258)

(2,163)INCOME TAX EXPENSE (BENEFIT)71

(34)

109

(114)NET LOSS $
(898)

$
(366)

$
(2,367)

$
(2,049)BASIC AND DILUTED LOSS PER SHARE$
(0.02)

$
(0.01)

$   (0.05)

$
(0.04)BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING 49,289,672

49,189,672

49,228,561

49,189,672Transgenomic, Inc. and SubsidiarySummary Financial ResultsUnaudited Condensed Consolidated Statements of Cash Flows(dollars in thousands)Nine Months EndedSeptember 30,20102009NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES$  (884)

$
237NET CASH FLOWS USED IN INVESTING ACTIVITIES(166)

(347)NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES(15)

—EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH12

—NET CHANGE IN CASH AND CASH EQUIVALENTS(1,053)

(110)CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD5,642

4,771CASH AND CASH EQUIVALENTS AT END OF PERIOD$
4,589

$
4,661
Transgenomic, Inc. and SubsidiarySummary Financial ResultsUnaudited Condensed Consolidated Balance Sheets(dollars in thousands)(Unaudited)September 30,2010December 31,2009ASSETSCURRENT ASSETS:Cash and cash equivalents

$  4,589

$  5,642Accounts receivable (net of allowances for bad debts of $335 and $310, respectively)

3,536

4,522Inventories (net of allowance for obsolescence of $520 and $507, respectively)

3,658

3,552Prepaid expenses and other current assets

646

738Total current assets

12,429

14,454PROPERTY AND EQUIPMENT, NET1,047

967OTHER ASSETS:  Other assets (net of accumulated amortization of $524 and $525, respec
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SOURCE Transgenomic, Inc.
Copyright©2010 PR Newswire.
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