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

throp, president and chief executive officer of Luminex. "In addition, we surpassed a major milestone for the Company in the second quarter, delivering our 10,000th multiplexing analyzer to date.  The entire company is proud of this achievement," added Balthrop.

"Notwithstanding our success during the second quarter, the overall molecular diagnostic market began to experience a deceleration in the utilization of certain molecular assays. This is a result of administrative issues related to the reimbursement of certain tests included in the new molecular diagnostic code system established January 1, 2013 by the Centers for Medicare and Medicaid Services. A number of our lab customers have expended significant efforts in striving for a rapid resolution, nonetheless progress has been slow. While the situation remains fluid, we believe it is prudent to adjust our expectations for the second half of 2013 to account for this headwind," Balthrop concluded. REVENUE SUMMARY(in thousands, except percentages)Three Months EndedJune 30,Variance20132012($)(%)(unaudited)System sales

$
7,647$   8,386$
(739)-9%Consumable sales

11,75010,8029489%Royalty revenue

8,5787,71586311%Assay revenue

21,69917,5104,18924%All other revenue

4,6133,86075320%$   54,287$ 48,273$   6,01412%Six Months EndedJune 30,Variance20132012($)(%)(unaudited)System sales

$   14,204$ 15,384$  (1,180)-8%Consumable sales

23,64722,7029454%Royalty revenue

18,68715,9572,73017%Assay revenue

40,02334,8075,21615%All other revenue

10,9268,1502,77634%$ 107,487$ 97,000$ 10,48711% 

"We are pleased with the overall financial performance in the second quarter of 2013, especially as we continue to invest in our strategic priorities," said Harriss T. Currie, senior vice president and chief financial officer. "The 18% increase in operating expenses for the second quarter reflects agg
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