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Abaxis Reports Financial Performance for the First Quarter of Fiscal 2012



22,211  Weighted average common shares outstanding - diluted


22,750ABAXIS, INC.Condensed Consolidated Balance Sheets(Unaudited and in thousands)June 30,March 31,20112011Current assets: Cash and cash equivalents


43,471 Short-term investments


25,981 Receivables, net


27,880 Inventories


19,814 Prepaid expenses and other current assets


3,496 Net deferred tax assets, current


3,422  Total current assets


124,064 Long-term investments


36,237 Investment in unconsolidated affiliate


2,769 Property and equipment, net


19,637 Intangible assets, net


4,216 Net deferred tax assets, non-current


1,203 Other assets


134  Total assets


88,260Current liabilities: Accounts payable


,173 Accrued payroll and related expenses


6,129 Accrued taxes


559 Other accrued liabilities


1,677 Deferred revenue


953 Warranty reserve


1,031  Total current liabilities


16,522Non-current liabilities: Deferred rent


416 Deferred revenue


1,737 Warranty reserve


191 Notes payable, less current portion


746  Total non-current liabilities


3,090  Total liabilities


19,612Shareholders' equity: Common stock


132,042 Retained earnings


36,606  Total shareholders' equity


168,648  Total liabilities and shareholders' equity


88,260Operating Income Per Share(In thousands, except per share da

SOURCE Abaxis, Inc.
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