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Abaxis Reports Record Financial Performance for the First Quarter of Fiscal 2010
Date:7/30/2009

====== ====== Net income per share: Basic net income per share $0.17 $0.13 ===== ===== Diluted net income per share $0.17 $0.12 ===== ===== Shares used in the calculation of net income per share: Weighted average common shares outstanding - basic 21,965 21,735 Weighted average common shares outstanding - diluted 22,357 22,398

    ABAXIS, INC.
    Condensed Consolidated Balance Sheets
    (Unaudited and in thousands)

                                                       June 30,    March 31,
                                                        2009         2009
                                                        ----         ----
    Current assets:
      Cash and cash equivalents                       $46,868      $49,237
      Short-term investments                           20,215       20,776
      Accounts receivables, net                        24,159       21,983
      Inventories                                      15,488       15,735
      Prepaid expenses                                    959          957
      Net deferred tax asset, current                   4,628        4,676
                                                        -----        -----
        Total current assets                          112,317      113,364
      Long-term investments                            13,759        4,886
      Property and equipment, net                      14,366       14,798
      Intangible assets, net                            5,031        5,175
      Other assets                                         35           24
      Net deferred tax asset, non-current               2,464
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SOURCE Abaxis, Inc.
Copyright©2009 PR Newswire.
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Related medicine news :

1. Abaxis to Report First Quarter Fiscal 2010 Financial Results Thursday, July 30, 2009
2. Abaxis, Inc. to Present at Bank of America and Merrill Lynch 2009 Health Care Conference
3. Abaxis Reports Financial Performance for the Fourth Quarter and Fiscal 2009
4. Abaxis to Report Fourth Quarter Fiscal 2009 Financial Results Wednesday, April 29, 2009
5. ABAXIS Realigns North American Medical Sales and Marketing
6. Abaxis, Inc. to Attend Lazard Capital Markets Medical Technologies Conference
7. Abaxis, Inc. to Present at Sidoti & Companys Thirteenth Annual New York Emerging Growth Institutional Investor Forum
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11. Abaxis, Inc. to Present at Sidoti & Companys Sixth Annual Palm Beach Emerging Growth Institutional Investor Forum
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