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Luminex Corporation Reports Second Quarter 2014 results
Date:7/28/2014

AUSTIN, Texas, July 28, 2014 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the second quarter ended June 30, 2014. Financial and operating highlights include the following:

  • Consolidated second quarter revenues of $55.6 million, a 2 percent increase over the second quarter of 2013.
  • Second quarter system sales of $8.3 million, a 9 percent increase over the second quarter of 2013. 
  • Second quarter shipments of 268 multiplexing analyzers, which included 148 LX systems, 96 MAGPIX systems, and 24 FLEXMAP 3D Systems.
  • Second quarter assay revenue of $19.9 million. Infectious disease assay sales comprised approximately 67 percent of total assay sales, with genetic testing assays representing 33 percent.
  • Second quarter royalty revenue of $9.5 million, a 10 percent increase over the second quarter of 2013.
  • GAAP net income for the second quarter was $4.7 million, or $0.11 per diluted share. This compares to a GAAP net income of $3.7 million, or $0.09 per diluted share for the second quarter of 2013. 
  • Non-GAAP net income for the second quarter was $8.5 million or $0.20 per diluted share. This compares to non-GAAP net income of $7.1 million, or $0.17 per diluted share in the second quarter of 2013. (see Non-GAAP reconciliation)
  • "We delivered another quarter of strong financial performance, driven by growth across systems, consumables, and royalty revenue. We also were pleased with the relative performance of our assay business when compared with the same quarter in 2013 which included substantial non-recurring assay revenue," said Patrick J. Balthrop, president and chief executive officer of Luminex. "As we proceed into the second half of 2014, we are focused on execution and continuing the momentum that we have built during the first two quarters."

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