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Abaxis Reports Financial Performance For The Fourth Quarter And Fiscal 2013

efects, risks related to the introduction of new instruments manufactured by third parties, risks associated with competing in the human diagnostic market, risks related to transitioning our medical sales to Abbott, risks related to the protection of Abaxis' intellectual property or claims of infringement of intellectual property asserted by third parties and risks related to condition of the United States economy.  Readers should also refer to the section entitled "Risk Factors" in Abaxis' Annual Report on Form 10-K, its most recent Quarterly Report on Form 10-Q and Abaxis' other periodic reports filed with the United States Securities and Exchange Commission.  Forward-looking statements speak only as of the date the statements were made.  Abaxis does not undertake and specifically disclaims any obligation to update any forward-looking statements.

Financial Tables to FollowABAXIS, INC.Condensed Consolidated Statements of Income(In thousands, except per share data)(Unaudited)Three Months EndedTwelve Months EndedMarch 31,March 31,2013201220132012Revenues




56,596Cost of revenues




71,493Gross profit




85,103Operating expenses:Research and development 




12,246Sales and marketing 




39,618General and administrative




13,782Gain from legal settlement




-Total operating expenses




65,646Income from operations




19,457Interest and other income (expense), net




710Income before income tax provision<

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