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Transgenomic Reports Fourth Quarter Financial Results
Date:3/10/2011

RENCY EXCHANGE RATE CHANGES ON CASH(5)

(19)NET CHANGE IN CASH AND CASH EQUIVALENTS(2,188)

871CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD5,642

4,771CASH AND CASH EQUIVALENTS AT END OF PERIOD$
3,454

$  5,642Transgenomic, Inc.Summary Financial ResultsUnaudited Condensed Consolidated Balance Sheets(dollars in thousands)December 31,2010December 31,2009ASSETSCURRENT ASSETS:Cash and cash equivalents

$  3,454

$  5,642Accounts receivable (net of allowances for bad debts
of $334 and $310, respectively)

7,601

4,522Inventories (net of allowance for obsolescence of $518
and $507, respectively)

3,344

3,552Other current assets

635

738Total current assets

15,034

14,454PROPERTY AND EQUIPMENT, NET1,602

967OTHER ASSETS:Goodwill

6,275

—Intangibles (net of accumulated amortization of $519
and $525, respectively)

8,962

383Other assets

154

200$32,027

$16,004LIABILITIES AND STOCKHOLDERS' EQUITYCURRENT LIABILITIES:Accounts payable

$  1,360

$  1,013Accrued compensation

875

573Short term debt

989

—Accrued expenses

3,231

2,517Contractual obligation

1,628

—Current portion of lease obligations

170

  —Total current liabilities

8,253

4,103Long term debt less current maturities

8,640

—Series A convertible preferred stock, $0.1 par value,
3,879,307 shares authorized, 2,586,205 shares
issued and outstanding

1,457

—Beneficial conversion featur
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SOURCE Transgenomic, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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