Abaxis

Abaxis reports 43% increase in revenue

Published in Healthcare Finance, Tax and Law Weekly, August 23rd, 2006

Abaxis, Inc., (ABAX), a medical products company manufacturing point-of-care blood analysis systems, reported financial results for the first fiscal quarter ended June 30, 2006.

For the first fiscal quarter ended June 30, 2006, Abaxis reported revenues of $20.4 million, as compared with revenues of $14.3 million for the comparable period last year, an increase of 43%. Instrument revenue, reagent disc and hematology reagent revenue increased by $5.5 million or 41% over the same period last year. The company reported net income attributable to common shareholders of $2.4 million, compared to $1.0 million for the same period last year.

The company's...

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Source: Healthcare Finance, Tax and Law Weekly (2006-08-23)

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