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Luminex Corporation Reports First Quarter 2012 Results
Date:4/30/2012

AUSTIN, Texas, April 30, 2012 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the first quarter ended March 31, 2012.  Financial and operating highlights include the following:

  • Consolidated first quarter revenue was $48.7 million, a 13 percent increase over the first quarter of 2011
  • First quarter assay revenue was $17.3 million, a 80 percent increase over the first quarter of 2011
  • First quarter shipments of 206 multiplexing analyzers that included 55 MAGPIX® systems, resulting in cumulative life-to-date multiplexing analyzer shipments of 8,884, up 12 percent from a year ago
  • Consolidated gross profit margin was 69 percent for the first quarter of 2012
  • Operating expenses for the first quarter of 2012 were $28.2 million, an increase of $5.7 million over the first quarter of 2011. $2.1 million of this increase can be attributed to Luminex Madison, formerly known as EraGen Biosciences, that was acquired on June 27, 2011
  • Operating income for the first quarter of 2012 was $5.6 million compared with operating income of $8.3 million for the same period last year
  • Extended a global sales and distribution agreement with Bio-Rad Laboratories, Inc. (NYSE: BIO) under which Luminex has granted Bio-Rad global sales and distribution rights for Luminex's MAGPIX multiplexing analyzer and extended the strategic partnership agreement until 2023
  • Received CE marking for the newborn screening assay, xMAP® NeoPlex4™, and a fully automated instrument, the NeoPlex System, in April
  • (Logo:  http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO)

     REVENUE SUMMARY
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    SOURCE Luminex Corporation
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