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Luminex Corporation Reports First Quarter 2011 Results
Date:5/9/2011

AUSTIN, Texas, May 9, 2011 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the first quarter ended March 31, 2011.  Financial and operating highlights include the following:

  • Consolidated first quarter revenue was $43.3 million, a 30 percent increase over the first quarter of 2010
  • First quarter 2011 consumable sales of $15.0 million, a 53 percent increase over the first quarter of 2010
  • First quarter 2011 shipments of 197 multiplexing analyzers that included 38 MAGPIX® systems, resulting in cumulative life-to-date multiplexing analyzer shipments of 7,897, up 13% from a year ago. Also included in system sales are 34 BSD sample handling systems
  • Consolidated gross profit margin was 71 percent for the first quarter of 2011
  • Operating income for the first quarter of 2011 was $8.3 million compared with operating income of $3.7 million for the same period last year
  • Established collaboration agreement with Partners HealthCare Center for Personalized Genetic Medicine in the areas of biomarker discovery and clinical assay development

  • (Logo:  http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO)REVENUE SUMMARY(in thousands, except percentages)Three Months EndedMarch 31,Variance20112010($)(%)(unaudited)System sales

    $  7,679$  6,699$
    98015%Consumable sales

    15,0029,8195,18353%Royalty revenue

    7,2565,8491,40724%Assay revenue

    9,5847,6601,92425%All other revenue

    3,7543,22552916%$43,275$33,252$10,02330%"Luminex delivered strong financial and operating performance for the first quarter of 2011," said Patrick J. Balthrop, president and chief executive officer of Luminex.  "Our consumable, assay, and royalty revenue categories each showed excellent growth trends over th
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    SOURCE Luminex Corporation
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