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

A Inc.  We have the financial wherewithal to effectively grow our business going forward, with cash, cash equivalents and investments of $125.7 million at June 30, 2014.  Due to our strong cash flow profile and our positive outlook for the year, the Board of Directors has again approved a quarterly dividend in the amount of $0.10 per share of common stock, which we expect will be paid in September 2014.  We look forward to building momentum as we advance through fiscal 2015 and beyond," Mr. Severson concluded.

Conference CallAbaxis has scheduled a conference call to discuss its financial results at 4:15 p.m. Eastern Time on Thursday, July 24, 2014.  Participants can dial (877) 317-6789 or (412) 317-6789 to access the conference call, or can listen via a live Internet webcast, which is available in the Investor Relations section of the company's website at http://www.abaxis.com.  A replay of the call will be available by visiting http://www.abaxis.com for the next 30 days or by calling (877) 344-7529 or (412) 317-0088, confirmation code 10049800, through July 30, 2014.  This press release is also available prior to and after the call via Abaxis' website or the Securities and Exchange Commission's website at http://www.sec.gov

About AbaxisAbaxis develops, manufactures, markets and sells portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements.  The system consists of a compact, 5.1 kilogram (11.2 pounds), portable analyzer and a series of single-use plastic discs, called reagent discs that contain all the chemicals required to perform a panel of up to 13 tests on veterinary patients and 14 tests on human patients.  The system can be operated with minimal training and performs multiple routine tests on whole
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