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

22,680$
21,404$
,2766%Consumable sales

28,15020,3477,80338%Royalty revenue

16,37013,5242,84621%Assay revenue

22,96218,1644,79826%All other revenue

10,2059,0371,16813%$
,367$
82,476$   17,89122%Consolidated revenue for the third quarter of 2010 was $33.9 million, a 16 percent increase over consolidated revenue of $29.1 million for the third quarter of 2009.  GAAP net loss for the third quarter of 2010 was $727,000, or $0.02 per share, compared with a GAAP net loss of $609,000, or $0.01 per share, for the prior year period.  Net income for the third quarter of 2010 included non-cash charges of $2.3 million in stock compensation expense associated with ASC 718 and $2.2 million of depreciation and amortization expense.  Net income for the third quarter of 2009 included non-cash charges of $2.2 million in stock compensation expense associated with ASC 718 and $2.1 million of depreciation and amortization expense.  A portion of our total valuation allowance on U.S. deferred tax assets was released at December 31, 2009 and, as a result, the 2010 third quarter and year to date results are shown fully taxed in the U.S., whereas the 2009 third quarter and year to date results are not.  On a comparable basis, net loss for the third quarter of 2009, removing the effects of the release of the valuation allowance and the $4.4 million litigation settlement in 2009, would have been $1.4 million or a loss of $0.04 per share, and the net loss for the first nine months of 2009 would have been $1.9 million, or a loss of $0.05 per share.

LUMINEX CORPORATIONREPORTABLE SEGMENT HIGHLIGHTS(unaudited)(in thousands)Three Months EndedNine Months EndedSeptember 30,September 30,2010200920102009RevenueTechnology and strategic partnerships

$  24,593$  22,031$  75,036$  62,595Assays and related products

9,2807,08725,33119,881Total Revenue

33,87329,118100,36782,476Operating
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SOURCE Luminex Corporation
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