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Abaxis Reports Financial Performance For The First Quarter Of Fiscal 2013
Date:7/26/2012

UNION CITY, Calif., July 26, 2012 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today reported financial results for the first fiscal quarter ended June 30, 2012.

Quarterly highlights include:

  • Revenues of $42.0 million, up 17% over last year's comparable quarter.
  • North America revenues of $33.2 million, up 12% over last year's comparable quarter.
  • Medical market revenues of $8.4 million, up 18% over last year's comparable quarter.
  • Veterinary market revenues of $32.5 million, up 17% over last year's comparable quarter.
  • International revenues of $8.8 million, up 41% over last year's comparable quarter.
  • Total medical and veterinary instrument revenues of $9.9 million, up 31% over last year's comparable quarter.
  • Total medical and veterinary instrument sales of 1,303 units, up 28% over last year's comparable quarter.
  • Total medical and veterinary reagent disc sales of $23.6 million, up 14% over last year's comparable quarter.
  • Total medical and veterinary reagent disc sales of 1.7 million units, up 9% over last year's comparable quarter.
  • Service revenues from Abaxis Veterinary Reference Laboratories (AVRL) of $861,000, up 83% over fourth quarter of fiscal 2012.
  • Diluted net income per share of $0.13, up 30% over last year's comparable quarter.
  • Quarterly Results:  For the fiscal quarter ended June 30, 2012, Abaxis reported revenues of $42.0 million, as compared with revenues of $36.0 million for the comparable period last year, an increase of 17 percent.  Revenues from sales of instruments, which include chemistry analyzers, hematology instruments, VSpro coagulation and specialty analyzers and i-STAT analyzers, increased by an aggregate of $2.4 million or 31 percent, over the same period last year.  Revenues from sales of consumables, which include re
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    SOURCE Abaxis, Inc.
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