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Abaxis Reports Record Revenues for the Third Quarter of Fiscal 2010
Date:1/28/2010

0 million, as compared with revenues of $27.0 million for the comparable period last year, an increase of 15 percent.  Revenues from instrument sales, which include chemistry analyzers, hematology instruments, coagulation analyzers and i-STAT analyzers, increased by an aggregate of $485,000, or 6 percent, over the same period last year.  The company reported total medical and veterinary instrument sales of 1,212 units, up 37 percent over the same period last year.  Revenues from consumables, which include reagent discs, hematology reagent kits, coagulation cartridges, i-STAT cartridges and heartworm rapid tests, increased by an aggregate of $3.4 million, or 20 percent, over the same period last year.  The company reported net income of $3.4 million for the fiscal quarter ended December 31, 2009, which was flat in comparison to the same period in 2008.  The company's effective tax rate in the quarter ended December 31, 2009 was 37 percent, compared to 34 percent for the same period last year.  The company reported diluted net income per share of $0.15 (calculated based on 22,617,000 shares) for the third quarter of fiscal 2010, compared to $0.15 per share (calculated based on 22,264,000 shares) for the same period last year.

Nine-Month Results: For the nine-month period ended December 31, 2009, Abaxis reported revenues of $90.9 million, as compared with revenues of $79.2 million for the comparable period last year, an increase of 15 percent.  Revenues from instrument sales decreased by an aggregate of $1.4 million, or 6 percent, over the same period las
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SOURCE Abaxis, Inc.
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