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

nd 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 Follow
 ABAXIS, INC.Condensed Consolidated Statements of Income(In thousands, except per share data)(Unaudited)Three Months EndedJune 30,2014

2013Revenues

$
47,477

$
43,169
Cost of revenues

23,605

22,277Gross profit

23,872

20,892Operating expenses:Research and development 

3,947

3,173Sales and marketing 

9,578

10,028General and administrative

2,908

3,055Total operating expenses

16,433

16,256Income from operations

7,439

4,636Interest and other income (expense), net

47

404Income before income tax provision

7,486

5,040Income tax provision

2,771

1,811Net income

$
4,715


SOURCE Abaxis, Inc.
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