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

, those related to the market acceptance of the company's products and the continuing development of its products, required United States Food and Drug Administration clearance and other government approvals, risks associated with manufacturing and distributing its products on a commercial scale free of defects, risks related to the introduction of new instruments manufactured by third parties, risks associated with entering the human diagnostic market on a larger scale, risks related to the protection of the company's intellectual property or claims of infringement of intellectual property asserted by third parties, risks related to condition of the United States economy, risks involved in carrying of inventory and other risks detailed under "Risk Factors" in Abaxis' Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2009 and Abaxis' other periodic reports filed from time to time 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 on Following Pages

    
    
    ABAXIS, INC.
    Condensed Consolidated Statements of Operations
    (In thousands, except per share data)
    (Unaudited)
    
                                     Three Months Ended    Nine Months Ended
                                        December 31,         December 31,
                                        ------------         ------------
                                       2009       2008      2009       2008
                                       ----       ----      ----       ----
    
    Revenues                         $31,005    $26,964   $90,892    $79,224
    Cost of revenues                  12,709     11,859    37,590     35,274
              
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SOURCE Abaxis, Inc.
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