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Luminex Corporation Reports Third Quarter 2011 Results
Date:11/1/2011

AUSTIN, Texas, Nov. 1, 2011 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial results for the third quarter ended September 30, 2011.  Financial and operating highlights include the following:

(Logo: http://photos.prnewswire.com/prnh/20100104/LUMINEXLOGO)

  • Consolidated third quarter revenue was $45.6 million, a 34% increase over the third quarter of 2010
  • Third quarter 2011 assay sales of $13.4 million grew 71% over the third quarter of 2010 and included a first full quarter contribution from EraGen Biosciences, Inc.
  • Third quarter 2011 shipments of 226 multiplexing analyzers that included 61 MAGPIX® systems, resulting in cumulative life-to-date multiplexing analyzer shipments of 8,371
  • Consolidated gross profit margin of 62.4% for the third quarter of 2011, which reflects the impact of $2.0 million in incremental expense resulting from the recording of EraGen inventory acquired at fair value on the date of acquisition. Excluding this impact, non-GAAP consolidated gross profit margin was 66.9% for the third quarter of 2011
  • Operating income for the third quarter of 2011 was $2.8 million. Included in this amount is $2.0 million in incremental expense resulting from recording the EraGen inventory acquired at fair value on the date of acquisition. Excluding this amount and current quarter integration expenses, non-GAAP operating income for the third quarter of 2011 was $5.1million, a $5.0 million increase over the third quarter of 2010
  • Successful launch of the 15-pathogen xTAG® Gastrointestinal Pathogen Panel (GPP) in Europe
  • Received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the xTAG Respiratory Viral Panel FAST (RVP FAST) in early July
  • Hosted the ninth annual Planet xMAP Europe Se
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    2. Luminex Corporation Third Quarter Earnings Release Scheduled for November 1, 2011
    3. Luminex Corporation Hosts Ninth Annual Planet xMAP Europe in Vienna
    4. Luminex Corporation to Present at Upcoming Investment Conferences In September
    5. Luminex Corporation Reports Second Quarter 2011 Results
    6. Luminex Corporation Receives U.S. FDA Clearance for New, Front Line Respiratory Viral Panel Test
    7. Luminex Corporation Second Quarter Earnings Release Scheduled for August 8, 2011
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    10. Luminex Corporation Announces Agreement to Acquire EraGen Biosciences, Inc.
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