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Abaxis Reports Financial Performance For The Fourth Quarter And Fiscal 2013
Date:4/25/2013

UNION CITY, Calif., April 25, 2013 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today reported financial results for the fourth quarter and fiscal year ended March 31, 2013.

Record fourth quarter and fiscal 2013 results include:

  • Revenues of $50.0 million for the fourth quarter, up 17% over last year's comparable quarter, and $186.0 million for fiscal 2013, up 19% year-over-year.
  • North America revenues of $41.9 million for the fourth quarter, up 18% over last year's comparable quarter, and $152.8 million for fiscal 2013, up 18% year-over-year.
  • Veterinary market revenues of $42.9 million for the fourth quarter, up 25% over last year's comparable quarter, and $150.5 million for fiscal 2013, up 23% year-over-year.
  • Total medical and veterinary reagent disc sales of $27.0 million for the fourth quarter, up 14% over last year's comparable quarter, and $99.3 million for fiscal 2013, up 13% year-over-year.
  • Other fourth quarter and fiscal 2013 highlights include:

  • International revenues of $8.1 million for the fourth quarter, up 10% over last year's comparable quarter, and $33.3 million for fiscal 2013, up 20% year-over-year.
  • Total medical and veterinary instrument revenues of $10.6 million for the fourth quarter, up 8% over last year's comparable quarter, and $46.0 million for fiscal 2013, up 31% year-over-year.
  • Total medical and veterinary instrument sales of 1,485 units for the fourth quarter, up 13% over last year's comparable quarter, and 6,173 units for fiscal 2013, up 30% year-over-year.
  • Total medical and veterinary reagent disc sales of 2.0 million units for the fourth quarter, up 11% over last year's comparable quarter, and 7.5 million units for fiscal 2013, up 11% year-over-year.
  • Diluted net income per share of $0.30 for the fourth quarter, up 43% over last year's comparable qua
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  • SOURCE Abaxis, Inc.
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