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Abaxis Reports Record Sales for the Third Quarter of Fiscal 2008
Date:1/31/2008

$0.13 $0.41 $0.33

Shares used in the calculation of net

income per share:

Weighted average common shares

outstanding - basic 21,561 20,766 21,441 20,547

Weighted average common shares

outstanding - diluted 22,359 21,939 22,208 21,871

ABAXIS, INC.

Condensed Balance Sheets

(Unaudited and in thousands)

December 31, March 31,

2007 2007

Current assets:

Cash and cash equivalents $11,792 $10,183

Short-term investments 43,966 35,028

Trade receivables, net 20,862 16,929

Inventories, net 18,020 14,813

Prepaid expenses 677 1,321

Net deferred tax asset - current 4,133 8,979

Total current assets 99,450 87,253

Property and equipment, net 13,982 12,662

Intangible assets, net 394 450

Other assets 19 38

Net deferred tax asset - non-current 2,469 2,312

Total assets $116,314 $102,715

Current liabilities:

Accounts payable $7,047 $6,505

Accrued payroll and related expenses 3,587 3,830

Other accrued liabilities 1,422 1,169

Deferred revenue 780 917

Warranty reserve 1,157 315

Total current liabili
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SOURCE Abaxis, Inc.
Copyright©2008 PR Newswire.
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