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

affecting these forward-looking statements are described from time to time in Transgenomic's filings with the Securities and Exchange Commission. Any change in such factors, risks and uncertainties may cause the actual results, events and performance to differ materially from those referred to in such statements. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all statements contained in this press release. All information in this press release is as of the date of the release and Transgenomic does not undertake any duty to update this information, including any forward-looking statements, unless required by law.

    
    
                            Transgenomic, Inc.
                        Summary Financial Results
          Unaudited Condensed Consolidated Statements of Operations
                 (dollars in thousands except per share data)
    
                                   
                             Three Months Ended            Year Ended
                                 December 31,              December 31,
                             2009          2008        2009          2008
                             ----          ----        ----          ----
    NET SALES              $6,515         $6,126     $22,023       $23,993
    COST OF GOODS SOLD      3,127          2,776      10,418        10,345
                            -----          -----      ------        ------
        Gross profit        3,388          3,350      11,605        13,648
    OPERATING EXPENSES:
        Selling, general
         and
         administrative     2,397          1,972      10,319        10,795
        Research and
         development          714            649       3,182         2,465
        Restructuring
         charges                -            110           -           118
        Goodwill Impairment     -        
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SOURCE Transgenomic, Inc.
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