Abaxis inc (ABAX)
Income statement / Yearly
Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10
Revenues

244,700

227,220

218,901

202,593

162,031

180,878

156,596

143,676

124,557

Cost of revenues

111,091

101,375

95,649

93,623

78,081

79,903

71,493

63,884

52,435

Gross profit

133,609

125,845

123,252

108,970

83,950

100,975

85,103

79,792

72,122

Operating expenses:
Research and development

23,332

19,795

18,388

16,327

13,647

13,577

12,246

11,973

10,688

Sales and marketing

53,291

45,249

42,526

42,147

34,742

43,800

39,618

34,384

30,138

General and administrative

18,331

16,314

15,984

16,192

11,333

12,825

13,782

10,963

10,521

Gain from legal settlement

-

-

-

-

-

17,250

0

0

-

Total operating expenses

94,954

81,358

76,898

74,666

59,722

52,952

65,646

57,320

51,347

Income from operations

38,655

44,487

46,354

34,304

24,228

48,023

19,457

22,472

20,775

Interest and other income (expense), net

4,745

6,625

793

-1,262

994

253

710

1,099

630

Income from continuing operations before income tax provision

43,400

51,112

47,147

33,042

25,222

48,276

20,167

23,571

21,405

Income tax provision

16,223

18,333

16,073

12,239

8,993

17,149

7,076

9,034

8,382

Income from continuing operations

27,177

32,779

31,074

20,803

16,229

31,127

-

-

-

Discontinued operations (Note 2)
Loss from discontinued operations, net of tax

0

-63

-3

-1,154

-2,044

-3,668

-

-

-

Gain on sale of discontinued operations, net of tax

0

0

559

7,682

0

0

-

-

-

Net income

27,177

32,716

31,630

27,331

14,185

27,459

13,091

14,537

13,023

Net income per share:
Basic
Continuing operations (in dollars per share)

1.20

1.46

1.37

0.92

0.73

1.42

-

-

-

Discontinued operations (in dollars per share)

0.00

-0.01

0.03

0.29

-0.09

-0.17

-

-

-

Basic net income per share (in dollars per share)

1.20

1.45

1.40

1.21

0.64

1.25

0.59

0.65

0.59

Diluted
Continuing operations (in dollars per share)

1.17

1.44

1.36

0.91

0.72

1.39

-

-

-

Discontinued operations (in dollars per share)

0.00

0.00

0.02

0.29

-0.09

-0.16

-

-

-

Diluted net income per share (in dollars per share)

1.17

1.44

1.38

1.20

0.63

1.23

0.58

0.64

0.58

Shares used in the calculation of net income per share:
Weighted average common shares outstanding - basic (in shares)

22,672

22,515

22,661

22,497

22,270

21,946

22,084

22,365

22

Weighted average common shares outstanding - diluted (in shares)

23,135

22,797

22,883

22,787

22,575

22,381

22,462

22,858

22

Cash dividends declared per share (in dollars per share)

0.60

0.52

0.44

0.40

0.00

1.00

0.00

0.00

-