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Last $17.71 USD
Change Today -0.51 / -2.80%
Volume 316.9K
LMNX On Other Exchanges
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As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

luminex corp (LMNX) Key Developments

Luminex Corporation Submits 510(K) Application for the NxTAG® Respiratory Pathogen Panel

Luminex Corporation announced that it has submitted a 510(k) application to the FDA for the company's NxTAG® Respiratory Pathogen Panel. This panel is the only respiratory assay that will easily enable laboratories to simultaneously detect 21 respiratory pathogens in a single closed tube system in a format that scales to changes in throughput requirements and responds to seasonal changes in demand. The NxTAG Respiratory Pathogen Panel requires only minutes of hands-on time with no upstream reagent preparation. Extracted samples are added directly to pre-plated, lyophilized reagents. The tubes are then sealed and ready for closed tube amplification and subsequent detection using the Luminex MAGPIX® instrument. The innovative tube strip design offers laboratories the flexibility to manage variable sample demand by processing a single sample or up to as many as 96 samples per run, without wasting consumables or reagents, and the total turnaround time is only about three hours for 96 samples (excluding extraction). In addition, the accompanying SYNCT™ Software provides a comprehensive approach to data analysis and reporting, and enables the NxTAG Respiratory Pathogen Panel to integrate easily into any laboratory.

Luminex Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015; Revises Earnings Guidance for the Full Year 2015

Luminex Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was $58.917 million against $55.632 million a year ago. Income from operations was $9.959 million against $4.771 million a year ago. Income before income taxes was $2.916 million against $4.770 million a year ago. Net income was $2.629 million or $0.06 per basic and diluted share against $4.725 million or $0.11 per basic and diluted share a year ago. Net cash provided by operating activities was $20.557 million against $10.227 million a year ago. Purchase of property and equipment was $3.670 million against $3.150 million a year ago. Acquired technology rights was $0.025 million against $0.064 million a year ago. Adjusted income from operations was $14.165 million against $9.857 million a year ago. Adjusted net income was $11.592 million or $0.27 per diluted share against $8.497 million or $0.20 per diluted share a year ago. For the six months, revenue was $116.658 million against $112.193 million a year ago. Income from operations was $19.652 million against $12.956 million a year ago. Income before income taxes was $13.303 million against $12.930 million a year ago. Net income was $10.082 million or $0.24 per basic and diluted share against $10.691 million or $0.26 per basic and diluted share a year ago. Net cash provided by operating activities was $31.492 million against $21.664 million a year ago. Purchase of property and equipment was $12.568 million against $6.255 million a year ago. Acquired technology rights was $0.202 million against $0.064 million a year ago. Adjusted income from operations was $26.813 million against $22.336 million a year ago. Adjusted net income was $21.178 million or $0.50 per diluted share against $18.369 million or $0.44 per diluted share a year ago. For the third quarter of 2015, the company anticipates revenue to be between $56 million and $58 million. For the full year of 2015, the company currently expects full year effective tax rate to be approximately 25% as is reflected in ETR for the year-to-date period. Considering first half performance, the company is raising the lower end of 2015 revenue guidance by $2 million to $232 million, resulting in a revised revenue guidance range between $232 million and $236 million. New 2015 revenue guidance range balances continued execution with respect to molecular diagnostic assay portfolio, which the company expects to grow in the mid- to low teens in 2015, offset somewhat from the timing of consumable reorders from large partner.

Luminex Corporation Submits FDA 510(k) Submissions for ARIES™ System and ARIES™ HSV 1&2 Assay

Luminex Corporation announced that it has submitted 510(k) applications to the FDA for the company's ARIES™ System and ARIES™ HSV 1&2 Assay. The company anticipates receiving FDA clearance and CE-IVD marking before the end of 2015. Clinical trials for the ARIES C. difficile Assay and the ARIES Group B Streptococcus (GBS) Assay are progressing, and the company expects to launch clinical trials for additional ARIES products prior to the end of 2015.

Luminex Corporation to Report Q2, 2015 Results on Aug 03, 2015

Luminex Corporation announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Aug 03, 2015

Luminex Corporation, Q2 2015 Earnings Call, Aug 03, 2015

Luminex Corporation, Q2 2015 Earnings Call, Aug 03, 2015

 

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LMNX

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Valuation LMNX Industry Range
Price/Earnings 20.1x
Price/Sales 3.3x
Price/Book 2.3x
Price/Cash Flow 18.7x
TEV/Sales 2.9x
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