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Abaxis Reports Financial Performance with Record Revenues for the Second Quarter of Fiscal 2012
Date:10/25/2011

UNION CITY, Calif., Oct. 25, 2011 /PRNewswire/ -- ABAXIS, Inc. (NasdaqGS: ABAX), a medical products company manufacturing point-of-care blood analysis systems, today reported financial results for the second fiscal quarter ended September 30, 2011.

Record quarterly highlights include:

  • Revenues of $40.0 million, up 13% over last year's comparable quarter.
  • North America revenues of $32.0 million, up 8% over last year's comparable quarter.
  • Veterinary market sales of $31.5 million, up 18% over last year's comparable quarter.
  • Total medical and veterinary reagent disc sales of $22.8 million, up 18% over last year's comparable quarter.

    • Other quarterly highlights include:

  • Medical market sales of $7.3 million, up 7% over last year's comparable quarter.
  • Total medical and veterinary instrument sales of $8.8 million, up 15% over last year's comparable quarter.
  • Total medical and veterinary instrument sales of 1,227 units, up 24% over last year's comparable quarter.
  • Total medical and veterinary reagent disc sales of 1.8 million units, up 16% over last year's comparable quarter.

    • Quarterly Results:  For the fiscal quarter ended September 30, 2011, Abaxis reported revenues of $40.0 million, as compared with revenues of $35.3 million for the comparable period last year, an increase of 13 percent.
    Revenues from instruments, which include chemistry analyzers, hematology instruments, VSpro coagulation and specialty analyzers and i-STAT analyzers, increased by an aggregate of $1.1 million, or 15 percent, over the same period last year.  Revenues from consumables, which include reagent discs, hematology reagent kits, VSpro coagulation and specialty cartridges, i-STAT cartridges and rapid tests, increased by an aggregate of $4.2 million, or 17 percent, over the same period last year.
    Abaxis reported net income of $3.3 million for the fiscal quarter ended Se
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    SOURCE ABAXIS, Inc.
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