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Abaxis Reports Financial Performance for the First Quarter of Fiscal 2009
Date:7/24/2008

g-term investments 31,559 35,463

Property and equipment, net 14,727 14,599

Intangible assets, net 356 375

Other assets - 5

Net deferred tax asset - non-current 3,855 3,868

Total assets $123,779 $120,903

Current liabilities:

Accounts payable $4,808 $6,421

Accrued payroll and related expenses 3,447 4,277

Other accrued liabilities 1,209 1,369

Deferred revenue 875 807

Warranty reserve 1,108 1,219

Total current liabilities 11,447 14,093

Non-current liabilities:

Deferred rent 251 286

Deferred revenue 1,409 1,146

Warranty reserve 1,007 729

Total non-current liabilities 2,667 2,161

Shareholders' equity:

Common stock 111,188 109,031

Accumulated deficit (191) (2,967)

Accumulated other comprehensive loss (1,332) (1,415)

Total shareholders' equity 109,665 104,649

Total liabilities and shareholders' equity $123,779 $120,903

Non-GAAP Operating Income Per Share

(In thousands, except per share data)

Three Months Ended

June 30,

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SOURCE Abaxis, Inc.
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