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Luminex Corporation Reports Third Quarter 2013 Results
Date:11/4/2013

AUSTIN, Texas, Nov. 4, 2013 /PRNewswire/ -- Luminex Corporation (NASDAQ: LMNX) today announced financial and operating results for the third quarter ended September 30, 2013.  Highlights include the following:

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

  • Consolidated third quarter revenue of $50.8 million
  • Third quarter assay revenue of $16.1 million.  Infectious disease sales comprised approximately 64 percent of total assay sales, with genetic testing representing 36 percent.
  • Third quarter royalty revenue of $9.0 million 
  • Shipments of 280 multiplexing analyzers, which included 135 MAGPIX systems, 128 LX systems, and 17 FLEXMAP 3D systems
  • Cumulative life-to-date multiplexing analyzer shipments of 10,410
  • Realized a gain of $5.4 million from the sale of our minority interest investment in a private company that was acquired by a third party in July 2013
  • Received FDA and European Clearance for an updated version of Comprehensive Genotyping Assay, xTAG® CYP2D6 Kit in July
  • Received FDA and European Clearance for a new personalized Medicine Genotyping Assay, xTAG® CYP2C19 Kit in September
  • Proceeded with the restructuring plan announced during the quarter, focused on the Newborn Screening Group and our Brisbane, Australia office to allow for increased focus on the molecular diagnostics market
  • "We are disappointed that the reimbursement issues concerning certain tests included in the new molecular diagnostic code system in the U.S., which we commented on during our second quarter call, have not been resolved and continue to affect the entire industry including Luminex, as we experienced a significant order delay from our largest customer at the end of the quarter.  A
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