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Abaxis Reports Financial Performance For The Fourth Quarter And Fiscal 2013





20,167Income tax provision




7,076Net income




3,091Net income per share:  Basic net income per share




.59  Diluted net income per share




.58Shares used in the calculation of net income per share:  Weighted average common shares outstanding - basic




22,084  Weighted average common shares outstanding - diluted




22,462 ABAXIS, INC.Condensed Consolidated Balance Sheets(Unaudited and in thousands)March 31,March 31,20132012Current assets: Cash and cash equivalents


45,843 Short-term investments


21,689 Receivables, net


30,694 Inventories


19,597 Prepaid expenses and other current assets


5,423 Net deferred tax assets, current


4,151Total current assets 


127,397Long-term investments


23,442Investment in unconsolidated affiliate


2,626Property and equipment, net


24,296Intangible assets, net


3,990Net deferred tax assets, non-current


-Other assets


85Total assets


81,836Current liabilities: Accounts payable


,381 Accrued payroll and related expenses


6,336 Accrued taxes


266 Other accrued liabilities


1,991 Deferred revenue

SOURCE Abaxis, Inc.
Copyright©2012 PR Newswire.
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