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Abaxis Reports Financial Performance for the First Quarter of Fiscal 2015
Date:7/24/2014

ase of 10 percent.  Revenues from sales of instruments, which include chemistry analyzers, hematology instruments, VSpro specialty analyzers and i-STAT analyzers, decreased by $1.1 million, or 12 percent, compared to the same period last year.  Revenues from sales of consumables, which include reagent discs, hematology reagent kits, VSpro specialty cartridges, i-STAT cartridges and rapid tests, increased by $3.7 million, or 12 percent, compared to the same period last year.  Abaxis reported net income of $4.7 million for the fiscal quarter ended June 30, 2014, compared to $3.2 million for the fiscal quarter ended June 30, 2013.  Abaxis' effective tax rate in the quarter ended June 30, 2014 was 37 percent, compared to 36 percent for the same period last year.  Abaxis reported diluted net income per share of $0.21 (calculated based on 22,637,000 shares) for the three-month period ended June 30, 2014, compared to $0.14 per share (calculated based on 22,571,000 shares) for the same period last year. 

Other Reported InformationTotal sales in the medical market for the first quarter of fiscal 2015 were $7.2 million, an increase of 20 percent compared to the same period last year.  Total sales in the veterinary market for the first quarter of fiscal 2015 were $39.4 million, an increase of 8 percent, compared to the same period last year.  Total medical and veterinary reagent disc sales for the first quarter of fiscal 2015 were $26.9 million, an increase of 18 percent compared to the same period last year.  Total unit sales of medical and veterinary reagent discs for the first quarter of fiscal 2015 were 2.1 million units, an increase of 18 percent, compared to the same period last year.  Total medical and veterinary instrument sales for the first quarter of fiscal 2015 were $7.6 million, a decrease of 12 percent, compared to the same period last year.  Total unit sales of medical and veterinary in
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