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

br>.17

$
.25

$
.33  Diluted net income per share

$
.15

$
.17

$
.24

$
.32Shares used in the calculation of net income per share:  Weighted average common shares outstanding - basic

22,290

22,317

22,484

22,264  Weighted average common shares outstanding - diluted

22,564

22,691

22,850

22,736ABAXIS, INC.Condensed Consolidated Balance Sheets(Unaudited and in thousands)September 30,March 31,20112011Current assets: Cash and cash equivalents

$
37,994

$
43,471 Short-term investments

17,649

25,981 Receivables, net

27,490

27,880 Inventories

19,109

19,814 Prepaid expenses and other current assets

5,068

3,496 Net deferred tax assets, current

3,048

3,422   Total current assets

110,358

124,064 Long-term investments

29,099

36,237 Investment in unconsolidated affiliate

2,697

2,769 Property and equipment, net

22,913

19,637 Intangible assets, net

3,919

4,216 Net deferred tax assets, non-current

1,203

1,203 Other assets

111

134Total assets

$
70,300

$
88,260Current liabilities: Accounts payable

$
,996

$
,173 Accrued payroll and related expenses

6,873

6,129 Accrued taxes

232

559 Other accrued liabilities

1,788

1,677 Deferred revenue

1,103

953 Warranty reserve

1,123

1,031   Total current liabilities

18,115

16,522Non-current liabilities: Deferred rent

530

416 Deferred revenue

2,105

1,737 Warranty reserve

313

191 Notes payable, less current portion

834

746   Total non-current liabilities

3,782

3,090   Total liabilities

21,897

19,612Shareholders' equity:
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SOURCE ABAXIS, Inc.
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1. Abaxis to Report Second Quarter Fiscal Year 2012 Financial Results Tuesday, October 25, 2011
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