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Luminex Corporation Reports Third Quarter 2010 Results
Date:11/4/2010

AUSTIN, Texas, Nov. 4, 2010 /PRNewswire-FirstCall/ -- Luminex Corporation (Nasdaq: LMNX) today announced financial results for the third quarter and nine months ended September 30, 2010.  Financial and operating highlights include the following:

  • Consolidated third quarter revenue was $33.9 million, a 16 percent increase over the third quarter of 2009
  • Luminex launched new MAGPIX® multiplexing system bringing affordable multiplexing to laboratories worldwide
  • Third quarter 2010 shipments of 231 multiplexing analyzers that included 41 MAGPIX systems, resulting in cumulative life-to-date multiplexing analyzer shipments of 7,414, up 14% from a year ago. This compares to shipments of 259 multiplexing analyzers in the third quarter of 2009. Also included in system sales are 28 BSD sample handling systems
  • Consolidated gross profit margin was 65 percent for the third quarter of 2010
  • Operating income for the third quarter of 2010 was $155,000 compared with an operating loss of $512,000 for the same period last year
  • Received FDA clearance for CYP450 2D6 assay, the first multiplexed assay addressing the area of Personalized Medicine. The company plans to launch the 2D6 assay by year end
  • Won prestigious 2010 Prix Galien USA Award for Luminex's innovative xTAG® Respiratory Viral Panel (RVP) named "Best Medical Technology"

  • REVENUE SUMMARY(in thousands, except percentages)Three Months EndedSeptember 30,Variance20102009($)(%)(in thousands, except percentages)System sales

    $
    8,085$
    9,166$
    (1,081)-12%Consumable sales

    8,6336,0622,57142%Royalty revenue

    5,6604,69996120%Assay revenue

    7,8636,1991,66427%All other revenue

    3,6322,99264021%$
    33,873$
    29,118$
    4,75516%Nine Months EndedSeptember 30,Variance20102009($)(%)(in thousands, except percentages)System sales

    $

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    SOURCE Luminex Corporation
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