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Luminex Corporation Reports Second Quarter 2011 Results
Date:8/8/2011

AUSTIN, Texas, Aug. 8, 2011 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the second quarter ended June 30, 2011.  Financial and operating highlights include the following:

(Logo:  http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO)

  • Consolidated second quarter revenue was $47.6 million, a 43% increase over the second quarter of 2010
  • Second quarter 2011 consumable sales of $18.4 million, a 90% increase over the second quarter of 2010
  • Second quarter 2011 shipments of 248 multiplexing analyzers that included 62 MAGPIX® systems, resulting in cumulative life-to-date multiplexing analyzer shipments of 8,145, up 13% from a year ago
  • Consolidated gross profit margin was 71% for the second quarter of 2011
  • Operating income for the second quarter of 2011 was $8.8 million compared with operating income of $2.3 million for the same period last year
  • Received CE marking for the 15-pathogen xTAG® Gastrointestinal Pathogen Panel (GPP)
  • Signed a global sales and distribution agreement with Life Technologies™ Corporation (NASDAQ: LIFE) for our MAGPIX multiplexing instrument for the research market
  • Completed the acquisition of privately-held EraGen® Biosciences, Inc., an innovator in molecular diagnostic testing technologies for infectious disease and genetic applications
  • Received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the xTAG Respiratory Viral Panel FAST (RVP FAST) in early July

  • "Luminex delivered another strong performance in the second quarter of 2011," said Patrick J. Balthrop, president and chief executive officer of Luminex.  "Our consumable, ro
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