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

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 FollowABAXIS, INC.Condensed Consolidated Statements of Income(In thousands, except per share data)(Unaudited)Three Months EndedNine Months EndedDecember 31,December 31,2012201120122011Revenues

$
49,802

$
37,850

$
36,074

$
3,878Cost of revenues

23,726

17,372

64,026

52,156Gross profit

26,076

20,478

72,048

61,722Operating expenses:Research and development 

3,802

2,634

10,348

9,096Sales and marketing 

12,373

9,927

35,647

28,414General and administrative

2,210

3,280

10,153

11,194Gain from legal settlement

-

-

(17,250)

-Total operating expenses

18,385

15,841

38,898

48,704Income from operations

7,691

4,637

33,150

13,018Interest and other income (expense), net

293

(91)

318

259Income before income tax provision

7,984

4,546

33,468

13,277Income tax provision

2,996

1,696

12,707

4,892Net income

$
4,988

$
2,850

$
20,761

$
8,385Net income per share:  Basic net income per share

$
.23

$
.13

$
.95

$
.38  Diluted net income per share

$
.22

$
.13

$
.93

$
.37Shares used in the calculation of net income per share:  Weighted average common shares outstanding - basic

21,968

21,672

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SOURCE Abaxis, Inc.
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