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Luminex Corporation Reports Second Quarter 2013 Results
Date:7/29/2013

AUSTIN, Texas, July 29, 2013 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the second quarter ended June 30, 2013.  Financial and operating highlights include the following:

  • Consolidated second quarter revenue was $54.3 million, a 12 percent increase over the second quarter of 2012
  • Second quarter assay revenue of $21.7 million, a 24 percent increase over the second quarter of 2012
  • Cumulative life-to-date multiplexing analyzer shipments of 10,130, up 11 percent from a year ago
  • Consolidated gross margin of 70 percent for the second quarter of 2013
  • Non-GAAP net income for the second quarter was $7.2 million, or $0.17 per diluted share, which compares with $6.3 million and $0.15 per diluted share for the same quarter of the previous year. GAAP net income for the quarter was $3.7 million, or $0.09 per diluted share, which compares with $3.0 million and $0.07 per diluted share in the same quarter of 2012 (see the reconciliation of GAAP to non-GAAP net income set forth on page 8)
  • In June, Natural Molecular Testing Corporation began the commercialization of a 42-target test, called The Personalized Medicine Panel, based on Luminex's proprietary technology
  • (Logo: http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO)

    "We generated another quarter of strong financial performance, driven by continued execution in our assay segment. Growth in assay revenue was well balanced across our genetic and infectious disease franchises and included a notable contribution from our recent US IVD cleared xTAG® gastrointestinal pathogen panel. This performance also reflects a positive impact from the Company's transition to a direct molecular diagnostic sales force which began in early 2013," said Patrick J. Bal
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    SOURCE Luminex Corporation
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