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

the calculation of net income per share: Weighted average common shares outstanding - basic 21,912 21,674 21,826 21,499 Weighted average common shares outstanding - diluted 22,302 22,393 22,324 22,261 ABAXIS, INC. Condensed Consolidated Balance Sheets (Unaudited and in thousands) March 31, March 31, 2009 2008 Current assets: Cash and cash equivalents $49,237 $17,219 Short-term investments 20,776 6,991 Trade receivables, net 21,983 20,873 Inventories, net 15,735 18,657 Prepaid expenses 957 427 Net deferred tax asset - current 4,676 2,426 Total current assets 113,364 66,593 Long-term investments 4,886 35,463 Property and equipment, net 14,798 14,599 Intangible assets, net 5,175 375 Other assets 24 5 Net deferred tax asset - non-current 2,464 3,868 Total assets $140,711 $120,903 Current liabilities: Accounts payable $3,963 $6,421 Accrued payroll and related expenses 3,698 4,277 Other accrued liabilities 1,150 1,369 Deferred revenue 1,024 807 Warranty reserve 1,714 1,219 Total current liabilities 11,549 14,093 N
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1. Abaxis to Report Fourth Quarter Fiscal 2009 Financial Results Wednesday, April 29, 2009
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