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Transgenomic Reports Fourth Quarter Financial Results
Date:2/24/2010

413) NET CASH FLOWS USED IN INVESTING ACTIVITIES (377) (399) EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH (19) (140) --- ---- NET CHANGE IN CASH AND CASH EQUIVALENTS 871 (952) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,771 5,723 ----- ----- CASH AND CASH EQUIVALENTS AT END OF PERIOD $5,642 $4,771 ====== ======
    
    
                       Transgenomic, Inc.
                   Summary Financial Results
        Unaudited Condensed Consolidated Balance Sheets
                     (dollars in thousands)
    
                                      December 31,  December 31,
                                         2009          2008
                                       ---------     ---------
                 ASSETS
    CURRENT ASSETS:
      Cash and cash equivalents          $5,642      $4,771
      Accounts receivable (net of
       allowances for bad debts of
       $310 and $388, respectively)       4,522       5,385
      Inventories (net of allowance
       for obsolescence of $507 and
       $108, respectively)                3,552       4,775
      Prepaid expenses and other
       current assets                       738         654
                                            ---         ---
          Total current assets           14,454      15,585
    PROPERTY AND EQUIPMENT, NET             967       1,198
    OTHER ASSETS:
      Other assets (net of
       accumulated amortization of
       $525 and $425, respectively)         583         773
                                            ---         ---
                                        $1
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SOURCE Transgenomic, Inc.
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