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

yalty revenue and assay categories each demonstrated excellent growth over the prior year period. Consumable revenue reached an all-time record in the second quarter, royalty revenue grew 52% while our assay group, led by our Cystic Fibrosis and Respiratory Viral Panel franchises, generated solid 24% growth. In addition, we continue to expand our installed base at a healthy rate and look forward to ramping up our MAGPIX placements." 

"During the quarter we achieved several significant milestones, including receipt of CE Mark for our novel xTAG Gastrointestinal Pathogen Panel, the acquisition of EraGen Biosciences, and the expansion of our distribution channel for MAGPIX," added Balthrop. "These accomplishments will help ensure that Luminex delivers high performance solutions to our customers and long term value for our shareholders," Balthrop concluded. REVENUE SUMMARY(in thousands, except percentages)Three Months EndedJune 30,Variance20112010($)(%)(unaudited)System sales

$
9,135$
7,896$
,23916%Consumable sales

18,3979,6988,69990%Royalty revenue

7,4124,8612,55152%Assay revenue

9,2617,4391,82224%All other revenue

3,4333,348853%$
47,638$
33,242$
4,39643%Six Months EndedJune 30,Variance20112010($)(%)(unaudited)System sales

$
,814$
4,595$
2,21915%Consumable sales

33,39919,51713,88271%Royalty revenue

14,66810,7103,95837%Assay revenue

18,84515,0993,74625%All other revenue

7,1876,5736149%$
90,913$
,494$
24,41937%Consolidated revenue for the second quarter of 2011 was $47.6 million, a 43% increase over consolidated revenue of $33.2 million for the second quarter of 2010.  GAAP net income for the second quarter of 2011 was $4.6 million, or $0.11 per diluted share, compared with GAAP net income of $0.9 million, or $0.02 per diluted share, for the prior year period. Included in SG&A expenses for the current quarter are approximately $1.3 million o
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SOURCE Luminex Corporation
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1. Luminex Corporation Receives U.S. FDA Clearance for New, Front Line Respiratory Viral Panel Test
2. Luminex Corporation Second Quarter Earnings Release Scheduled for August 8, 2011
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4. Luminex Corporation Named Most Innovative Company of the Year and Receives Business Innovation of the Year Award for MAGPIX® System
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