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Abaxis Reports Record Revenues For The Third Quarter Of Fiscal 2013
Date:1/31/2013

UNION CITY, Calif., Jan. 31, 2013 /PRNewswire/ -- Abaxis, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today reported financial results for the third fiscal quarter ended December 31, 2012.

Record quarterly highlights include:

  • Revenues of $49.8 million, up 32% over last year's comparable quarter.
  • North America revenues of $41.8 million, up 31% over last year's comparable quarter.
  • Medical market revenues of $9.0 million, up 10% over last year's comparable quarter.
  • Veterinary market revenues of $39.9 million, up 40% over last year's comparable quarter.
  • Total medical and veterinary instrument revenues of $14.0 million, up 54% over last year's comparable quarter.
  • Total medical and veterinary instrument sales of 1,818 units, up 52% over last year's comparable quarter.
  • Total medical and veterinary reagent disc sales of $26.7 million, up 31% over last year's comparable quarter.
  • Total medical and veterinary reagent disc sales of 2.1 million units, up 29% over last year's comparable quarter.
  • Other quarterly highlights include:

  • International revenues of $8.0 million, up 33% over last year's comparable quarter.
  • Service revenues from Abaxis Veterinary Reference Laboratories (AVRL) of $1.4 million, up 28% over the second quarter of fiscal 2013.
  • Diluted net income per share of $0.22, compared to $0.13 per share for the same period last year.
  • Quarterly Results:  For the fiscal quarter ended December 31, 2012, Abaxis reported revenues of $49.8 million, as compared with revenues of $37.9 million for the comparable period last year, an increase of 32 percent.  Revenues from sales of instruments, which include chemistry analyzers, hematology instruments, VSpro specialty analyzers and i-STAT analyzers, increased by an aggregate of $4.9 million or 54 percent, over the same period la
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    SOURCE Abaxis, Inc.
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