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Abaxis Reports Financial Performance for the Third Quarter of Fiscal 2012
Date:1/26/2012

ective tax rate in the quarter ended December 31, 2011 was 37 percent, compared to 35 percent for the same period last year.
Abaxis reported diluted net income per share of $0.13 (calculated based on 21,990,000 shares) for the three-month period ended December 31, 2011, compared to $0.17 per share (calculated based on 22,872,000 shares) for the same period last year.

Nine-Month Results:  For the nine-month period ended December 31, 2011, Abaxis reported revenues of $113.9 million, as compared with revenues of $106.1 million for the comparable period last year, an increase of 7 percent.
Revenues from instrument sales increased by an aggregate of $1.1 million, or 5 percent, over the same period last year.
Revenues from consumables increased by an aggregate of $7.9 million, or 10 percent, over the same period last year.
The company reported net income of $8.4 million, compared to $11.2 million for the same period last year, a decrease of 25 percent.
The company's effective tax rate in the nine-month period ended December 31, 2011, was 37 percent, compared to 38 percent for the same period last year.  The company reported diluted net income per share of $0.37 (calculated based on 22,579,000 shares) for the nine-month period ended December 31, 2011, compared to $0.49 per share (calculated based on 22,795,000 shares) for the same period last year.

Other Reported Information:  Total sales in the medical market for the third quarter of fiscal 2012 were $8.1 million, which were flat, compared to the same period last year.  Medical sales worldwide, excluding sales to the U.S. government, during the third quarter of fiscal 2012 were $7.5 million, an increase of 15 percent, compared to the same period last year.  Total sales in the veterinary market for the third quarter of fiscal 2012 were $28.5 million, an increase of 8 percent, compared to the same period last year.  Veterinary reagent disc sales for th
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SOURCE Abaxis, Inc.
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