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

264 22,549 22,325
    
    
    ABAXIS, INC.
    Condensed Consolidated Balance Sheets
    (Unaudited and in thousands)
    
                                                    December 31,  March 31,
                                                       2009         2009
                                                       ----         ----
    Current assets:
      Cash and cash equivalents                      $48,282      $49,237
      Short-term investments                          21,284       20,776
      Receivables, net                                21,951       21,983
      Inventories                                     17,551       15,735
      Prepaid expenses                                 1,600          957
      Net deferred tax asset, current                  3,576        4,676
                                                       -----        -----
        Total current assets                         114,244      113,364
      Long-term investments                           23,605        4,886
      Property and equipment, net                     14,571       14,798
      Intangible assets, net                           4,744        5,175
      Other assets                                        76           24
      Net deferred tax asset, non-current              2,653        2,464
                                                       -----        -----
       Total assets                                 $159,893     $140,711
                                                    ========     ========
    
    Current liabilities:
      Accounts payable                                $7,634       $3,963
      Accrued payroll and related expenses             4,678        3,698
      Accrued taxes                                      481           34
      Other accrued liabilities                        1,275        1,116
      Deferred revenue                                 1,128        1,024
      Warranty r
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SOURCE Abaxis, Inc.
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