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Abaxis Reports Financial Performance for the Fourth Quarter and Fiscal 2009
Date:4/29/2009

UNION CITY, Calif., April 29 /PRNewswire-FirstCall/ -- ABAXIS, Inc. (Nasdaq: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today reported financial results for the fiscal quarter and the fiscal year ended March 31, 2009.

Highlights for the fourth quarter and fiscal 2009 include:

  • Revenues of $26.3 million for the fourth quarter, down 1% over last year's comparable quarter, and $105.6 million for fiscal 2009, up 5% year-over-year.
  • Veterinary sales in North America of $16.5 million for the fourth quarter, up 13% over last year's comparable quarter, and $60.3 million for fiscal 2009, up 5% year-over-year.
  • Total sales in the veterinary market of $19.6 million for the fourth quarter, up 5% over last year's comparable quarter, and $74.0 million for fiscal 2009, up 4% year-over-year.
  • Total sales in North America of $22.2 million for the fourth quarter, up 1% over last year's comparable quarter, and $87.8 million for fiscal 2009, up 5% year-over-year.
  • Medical reagent disc sales of 412,000 units for the fourth quarter, up 11% over last year's comparable quarter, and 1.7 million units for fiscal 2009, up 32% year-over-year.
  • Medical and veterinary reagent disc sales of 1.4 million units for the fourth quarter, compared to 1.3 million units in the same period last year, up 1% over last year's comparable quarter, and 5.3 million units for fiscal 2009, up 7% year-over-year.
  • Medical and veterinary reagent disc sales of $17.0 million for the fourth quarter, compared to $15.7 million in the same period last year, up 8% over last year's comparable quarter, and $64.1 million for fiscal 2009, up 10% year-over-year.
  • Gross profit of 55.7% for the fourth quarter, up 120 basis points over las
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SOURCE Abaxis, Inc.
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