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

two factors," said Harriss T. Currie, vice president and chief financial officer. "First, we experienced a normalization in bulk consumable purchase behavior from a top partner, as anticipated; and second, operating expenses for the current quarter included $2.1 million attributable to our Luminex Madison location.  That transaction closed on June 27, 2011.  Sequentially, our operating expenses actually declined slightly from the fourth quarter of 2011.  We remain on-track to recognize accretion from the Luminex Madison transaction in 2012 and expect to face improving year-over-year consumable revenue comparisons in the second half of 2012."LUMINEX CORPORATION
REPORTABLE SEGMENT HIGHLIGHTS
(in thousands, except percentages) Three Months EndedMarch 31,Variance20122011($)(%)(unaudited)RevenueTechnology and strategic partnerships

$
30,209$
31,935$
(1,726)-5%Assays and related products

18,51811,3407,17863%Total Revenue

48,72743,2755,45213%Operating income (loss)Technology and strategic partnerships

4,1998,656(4,457)-51%Assays and related products

1,409(362)1,771489%Total Operating income

5,6088,294(2,686)-32%FINANCIAL OUTLOOK AND GUIDANCE The Company reaffirms its 2012 annual revenue guidance of between $205 and $215 million.

CONFERENCE CALL Management will host a conference call to discuss the operating highlights and financial results for the first quarter ended March 31, 2012, on Monday, April 30, 2012, at 4:00 p.m. Central time/ 5:00 p.m. Eastern time.  The conference call will be webcast live and will be accompanied by a slide presentation, both of which may be accessed at Luminex Corporation's website at http://www.luminexcorp.com.  Simply log on to the we
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SOURCE Luminex Corporation
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