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

f acquisition costs related to the EraGen Biosciences transaction representing an approximate $0.03 per diluted share one time burden.  Exclusive of acquisition costs, the operating activities of EraGen incorporated in our consolidated financial results for the quarter were immaterial.

Net income for the second quarter of 2011 included non-cash charges of $3.0 million in stock compensation expense associated with ASC 718 and $2.6 million of depreciation and amortization expense.  Net income for the second quarter of 2010 included non-cash charges of $2.4 million in stock compensation expense associated with ASC 718 and $2.1 million of depreciation and amortization expense.  

LUMINEX CORPORATIONREPORTABLE SEGMENT HIGHLIGHTS(in thousands, except percentages)Three Months EndedJune 30,Variance20112010($)(%)(unaudited)RevenueTechnology and strategic partnerships

$
36,211$
25,227$
,98444%Assays and related products

11,4278,0153,41243%Total Revenue

47,63833,24214,39643%Operating income (loss)Technology and strategic partnerships

11,5723,6167,956220%Assays and related products

(2,775)(1,351)(1,424)-105%Total Operating income

8,7972,2656,532288%Six Months EndedJune 30,Variance20112010($)(%)(unaudited)RevenueTechnology and strategic partnerships

$
8,146$
50,443$
7,70335%Assays and related products

22,76716,0516,71642%Total Revenue

90,91366,49424,41937%Operating income (loss)Technology and strategic partnerships

20,2287,91212,316156%Assays and related products

(3,137)(1,899)(1,238)-65%Total Operating income

17,0916,01311,078184%FINANCIAL OUTLOOK AND GUIDANCE The Company raises its 2011 annual revenue guidance to a range of $180 million to $185 million from $163 to $170 million.  The updated range of annual revenue is an increase of between 27 to 31 percent over reported 2010 annual revenue and includes an anticipated contributio
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