2011 Q3 Form 10-Q Financial Statement

#000104396111000004 Filed on August 12, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2011 Q2 2010 Q2
Revenue $8.253M $7.667M $5.095M
YoY Change 86.76% 50.48% -6.86%
Cost Of Revenue $3.808M $3.112M $2.608M
YoY Change 58.53% 19.33% -7.52%
Gross Profit $4.445M $4.555M $2.487M
YoY Change 120.38% 83.15% -6.15%
Gross Profit Margin 53.86% 59.41% 48.81%
Selling, General & Admin $4.364M $5.589M $3.033M
YoY Change 102.13% 84.27% 11.1%
% of Gross Profit 98.18% 122.7% 121.95%
Research & Development $515.0K $579.0K $512.0K
YoY Change -15.99% 13.09% -25.8%
% of Gross Profit 11.59% 12.71% 20.59%
Depreciation & Amortization $481.0K $499.0K $210.0K
YoY Change 243.57% 137.62% -4.55%
% of Gross Profit 10.82% 10.95% 8.44%
Operating Expenses $4.884M $6.179M $3.545M
YoY Change 71.73% 74.3% 3.65%
Operating Profit -$439.0K -$1.624M -$1.058M
YoY Change -46.92% 53.5% 37.4%
Interest Expense -$240.0K -$240.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$2.000K $1.000K $0.00
YoY Change
Pretax Income -$1.279M -$6.102M -$1.057M
YoY Change 54.66% 477.29% 37.27%
Income Tax -$9.000K -$104.0K $89.00K
% Of Pretax Income
Net Earnings -$1.270M -$5.998M -$1.146M
YoY Change 41.43% 423.39% 56.99%
Net Earnings / Revenue -15.39% -78.23% -22.49%
Basic Earnings Per Share
Diluted Earnings Per Share -$127.0M -$600.0M -$115.0M
COMMON SHARES
Basic Shares Outstanding 49.32M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q3 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.420M $2.640M $5.420M
YoY Change -69.06% -51.29% 13.39%
Cash & Equivalents $1.423M $2.639M $5.416M
Short-Term Investments
Other Short-Term Assets $1.336M $860.0K $580.0K
YoY Change 105.54% 48.28% 13.73%
Inventory $3.306M $3.309M $3.320M
Prepaid Expenses
Receivables $7.591M $7.194M $3.830M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.66M $14.00M $13.14M
YoY Change 9.86% 6.56% -7.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.597M $1.771M $840.0K
YoY Change 52.1% 110.83% -23.64%
Goodwill $6.275M $6.275M
YoY Change
Intangibles $8.325M $8.522M
YoY Change
Long-Term Investments
YoY Change
Other Assets $121.0K $130.0K
YoY Change
Total Long-Term Assets $16.32M $16.70M $1.310M
YoY Change 980.66% 1174.66% -29.19%
TOTAL ASSETS
Total Short-Term Assets $13.66M $14.00M $13.14M
Total Long-Term Assets $16.32M $16.70M $1.310M
Total Assets $29.97M $30.70M $14.45M
YoY Change 115.02% 112.46% -10.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.721M $1.400M $890.0K
YoY Change 93.37% 57.3% 2.3%
Accrued Expenses $3.834M $3.681M $3.400M
YoY Change 13.1% 8.26% 7.26%
Deferred Revenue
YoY Change
Short-Term Debt $247.0K $1.730M $0.00
YoY Change
Long-Term Debt Due $1.234M $220.0K
YoY Change
Total Short-Term Liabilities $10.10M $9.905M $4.290M
YoY Change 136.07% 130.89% 6.19%
LONG-TERM LIABILITIES
Long-Term Debt $7.405M $7.406M $0.00
YoY Change
Other Long-Term Liabilities $974.0K $1.008M $180.0K
YoY Change 178.29% 460.0% 28.57%
Total Long-Term Liabilities $8.379M $8.414M $180.0K
YoY Change 2294.0% 4574.44% 28.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.10M $9.905M $4.290M
Total Long-Term Liabilities $8.379M $8.414M $180.0K
Total Liabilities $29.68M $28.92M $4.470M
YoY Change 541.1% 546.96% 6.68%
SHAREHOLDERS EQUITY
Retained Earnings -$144.2M -$142.6M
YoY Change
Common Stock $499.0K $498.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.505M $111.0K $9.980M
YoY Change
Total Liabilities & Shareholders Equity $29.97M $30.70M $14.45M
YoY Change 115.02% 112.46% -10.19%

Cashflow Statement

Concept 2011 Q3 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income -$1.270M -$5.998M -$1.146M
YoY Change 41.43% 423.39% 56.99%
Depreciation, Depletion And Amortization $481.0K $499.0K $210.0K
YoY Change 243.57% 137.62% -4.55%
Cash From Operating Activities -$990.0K $40.00K -$420.0K
YoY Change 16.47% -109.52% 281.82%
INVESTING ACTIVITIES
Capital Expenditures $70.00K -$130.0K -$60.00K
YoY Change -333.33% 116.67% 500.0%
Acquisitions
YoY Change
Other Investing Activities -$120.0K -$140.0K -$20.00K
YoY Change 1100.0% 600.0%
Cash From Investing Activities -$40.00K -$270.0K -$80.00K
YoY Change 0.0% 237.5% 300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.0K -330.0K 40.00K
YoY Change 166.67% -925.0%
NET CHANGE
Cash From Operating Activities -990.0K 40.00K -420.0K
Cash From Investing Activities -40.00K -270.0K -80.00K
Cash From Financing Activities -160.0K -330.0K 40.00K
Net Change In Cash -1.190M -560.0K -460.0K
YoY Change 25.26% 21.74% 253.85%
FREE CASH FLOW
Cash From Operating Activities -$990.0K $40.00K -$420.0K
Capital Expenditures $70.00K -$130.0K -$60.00K
Free Cash Flow -$1.060M $170.0K -$360.0K
YoY Change 29.27% -147.22% 260.0%

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CY2011Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-142620000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-133317000 USD
CY2010Q2 us-gaap Sales Revenue Net
SalesRevenueNet
5095000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
10537000 USD
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
7667000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
15148000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9946000 USD
CY2011Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5589000 USD
CY2010Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3033000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5464000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
-50000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
765000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7000 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
111000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
8500000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
CY2010Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
CY2011Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
4239000 USD
CY2011Q2 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
1670000 USD
CY2010Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
1457000 USD
CY2011Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2011Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
3879307 shares
CY2010Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
3879307 shares
CY2011Q2 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2586205 shares
CY2010Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2586205 shares
CY2010Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
2586205 shares
CY2011Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
2586205 shares
CY2011Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
3000000 USD
CY2010Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2351000 USD
CY2011Q2 tbio Accumulated Amortization On Intangibles
AccumulatedAmortizationOnIntangibles
843000 USD
CY2010Q4 tbio Accumulated Amortization On Intangibles
AccumulatedAmortizationOnIntangibles
519000 USD
tbio Basic And Diluted Weighted Average Shares Of Common Stock Outstanding
BasicAndDilutedWeightedAverageSharesOfCommonStockOutstanding
49296339 shares
CY2011Q2 tbio Basic And Diluted Weighted Average Shares Of Common Stock Outstanding
BasicAndDilutedWeightedAverageSharesOfCommonStockOutstanding
49299672 shares
tbio Basic And Diluted Weighted Average Shares Of Common Stock Outstanding
BasicAndDilutedWeightedAverageSharesOfCommonStockOutstanding
49198005 shares
CY2010Q2 tbio Basic And Diluted Weighted Average Shares Of Common Stock Outstanding
BasicAndDilutedWeightedAverageSharesOfCommonStockOutstanding
49206339 shares
CY2011Q2 tbio Furniture Fixtures And Leasehold Impovements Gross
FurnitureFixturesAndLeaseholdImpovementsGross
3723000 USD
CY2010Q4 tbio Furniture Fixtures And Leasehold Impovements Gross
FurnitureFixturesAndLeaseholdImpovementsGross
3479000 USD
tbio Interest Income And Expense Net
InterestIncomeAndExpenseNet
-478000 USD
CY2010Q2 tbio Interest Income And Expense Net
InterestIncomeAndExpenseNet
1000 USD
CY2011Q2 tbio Interest Income And Expense Net
InterestIncomeAndExpenseNet
-240000 USD
tbio Interest Income And Expense Net
InterestIncomeAndExpenseNet
1000 USD
tbio Other Income Expense
OtherIncomeExpense
1000 USD
tbio Other Income Expense
OtherIncomeExpense
-6512000 USD
CY2011Q2 tbio Other Income Expense
OtherIncomeExpense
-4478000 USD
CY2010Q2 tbio Other Income Expense
OtherIncomeExpense
1000 USD
CY2010Q4 tbio Short Term Debt And Current Maturities Of Long Term Debt
ShortTermDebtAndCurrentMaturitiesOfLongTermDebt
989000 USD
CY2011Q2 tbio Short Term Debt And Current Maturities Of Long Term Debt
ShortTermDebtAndCurrentMaturitiesOfLongTermDebt
1728000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001043961
CY2011Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
49319672 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
TRANSGENOMIC INC

Files In Submission

Name View Source Status
0001043961-11-000004-index-headers.html Edgar Link pending
0001043961-11-000004-index.html Edgar Link pending
0001043961-11-000004.txt Edgar Link pending
0001043961-11-000004-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tbio-20110630.xml Edgar Link completed
tbio-20110630.xsd Edgar Link pending
tbio-20110630_cal.xml Edgar Link unprocessable
tbio-20110630_def.xml Edgar Link unprocessable
tbio-20110630_lab.xml Edgar Link unprocessable
tbio-20110630_pre.xml Edgar Link unprocessable
tbio-2011630x10q.htm Edgar Link pending
tbio-ex311_2011630xq2.htm Edgar Link pending
tbio-ex312_2011630xq2.htm Edgar Link pending
tbio-ex321_2011630xq2.htm Edgar Link pending
tbio-ex322_2011630xq2.htm Edgar Link pending