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Abaxis Reports Financial Performance with Record Revenues for the Second Quarter of Fiscal 2012
Date:10/25/2011

ptember 30, 2011, compared to $3.7 million for the same period last year.
Abaxis' effective tax rate in the quarter ended September 30, 2011 was 37 percent, compared to 39 percent for the same period last year.
Abaxis reported diluted net income per share of $0.15 (calculated based on 22,564,000 shares) for the three-month period ended September 30, 2011, compared to $0.17 per share (calculated based on 22,691,000 shares) for the same period last year.

Six-Month Results:  For the six-month period ended September 30, 2011, Abaxis reported revenues of $76.0 million, as compared with revenues of $70.2 million for the comparable period last year, an increase of 8 percent.
Revenues from instrument sales increased by an aggregate of $1.3 million, or 9 percent, over the same period last year.
Revenues from consumables increased by an aggregate of $5.6 million, or 11 percent, over the same period last year.
The company reported net income of $5.5 million, compared to $7.3 million for the same period last year.
The company's effective tax rate in the six-month period ended September 30, 2011, was 37 percent, compared to 39 percent for the same period last year.  The company reported diluted net income per share of $0.24 (calculated based on 22,850,000 shares) for the six-month period ended September 30, 2011, compared to $0.32 per share (calculated based on 22,736,000 shares) for the same period last year.

Other Reported Information:  Total sales in the medical market for the second quarter of fiscal 2012 were $7.3 million, an increase of 7 percent, compared to the same period last year.  Medical sales worldwide, excluding sales to the U.S. government, during the second quarter of fiscal 2012 were $6.3 million, an increase of 6 percent, compared to the same period last year.  Total sales in the veterinary market for the second quarter of fiscal 2012 were $31.5 million, an increase of 18 percent, compared
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SOURCE ABAXIS, Inc.
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