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

r the fourth quarter of 2008.

Net sales were $6.5 million during the fourth quarter 2009, compared with $6.1 million during the comparable period of 2008. Gross profit was $3.4 million or 52 percent of net sales during the fourth quarter of 2009, compared with gross profit of $3.4 million or 55 percent of net sales during the comparable period of 2008.  Operating expenses were $3.1 million during the fourth quarter of 2009, compared with $3.4 million during the same period of 2008.  The 2008 operating expenses included a goodwill impairment charge of $638,000 and income from foreign currency revaluation of $0.5 million.  Cash and cash equivalents were $5.6 million as of December 31, 2009, compared with $4.8 million as of December 31, 2008.

Full Year Financial Results

The Company reported a net loss for 2009 of $1.9 million or $0.04 per share, compared with a net loss for 2008 of
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SOURCE Transgenomic, Inc.
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