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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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