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

>21,902

22,213  Weighted average common shares outstanding - diluted

22,341

21,990

22,316

22,579ABAXIS, INC.Condensed Consolidated Balance Sheets(Unaudited and in thousands)December 31,March 31,20122012Current assets: Cash and cash equivalents

$
47,427

$
45,843 Short-term investments

22,644

21,689 Receivables, net

36,094

30,694 Inventories

25,069

19,597 Prepaid expenses and other current assets

7,067

5,423 Net deferred tax assets, current

4,356

4,151Total current assets 

142,657

127,397Long-term investments

21,712

23,442Investment in unconsolidated affiliate

2,613

2,626Property and equipment, net

25,512

24,296Intangible assets, net

3,515

3,990Other assets

97

85Total assets

$
96,106

$
81,836Current liabilities: Accounts payable

$
,536

$
,381 Accrued payroll and related expenses

8,380

6,336 Accrued taxes

229

266 Other accrued liabilities

2,314

1,991 Deferred revenue

1,388

1,212 Warranty reserve

993

1,245Total current liabilities

24,840

17,431Non-current liabilities: Deferred rent

712

641 Net deferred tax liabilities

159

199 Deferred revenue

3,517

2,396 Warranty reserve

473

601 Notes payable, less current portion

707

783Total non-current liabilities

5,568

4,620Total liabilities

30,408

22,051Shareholders' equity: Common stock

117,217

110,063 Retained earnings 

48,435

49,697 Accumulat
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SOURCE Abaxis, Inc.
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