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

67,918

59,670

58,854

58,258

58,200

52,772

58,552

57,696

56,960

52,876

55,975

53,090

52,017

56,051

50,471

44,054

32,201

40,810

45,851

43,169

44,804

49,802

44,258

42,014

42,718

37,850

40,025

36,003

37,540

35,906

35,277

34,953

Cost of revenues

30,590

27,494

26,693

26,314

26,018

23,368

26,294

25,695

24,664

23,274

24,013

23,698

23,609

27,268

22,395

20,351

10,348

21,477

23,979

22,277

15,877

23,726

21,135

19,165

19,337

17,372

18,004

16,780

17,091

16,097

15,527

15,169

Gross profit

37,328

32,176

32,161

31,944

32,182

29,404

32,258

32,001

32,296

29,602

31,962

29,392

28,408

28,783

28,076

23,703

21,853

19,333

21,872

20,892

28,927

26,076

23,123

22,849

23,381

20,478

22,021

19,223

20,449

19,809

19,750

19,784

Operating expenses:
Research and development

5,660

5,165

6,075

6,432

4,880

4,776

4,906

5,233

4,548

4,428

4,689

4,723

4,563

3,585

4,232

3,947

3,460

3,596

3,418

3,173

3,229

3,802

3,581

2,965

3,150

2,634

3,008

3,454

2,652

2,947

3,296

3,078

Sales and marketing

14,649

13,657

12,484

12,501

11,542

10,629

11,254

11,824

10,760

10,395

10,785

10,586

11,954

10,742

10,619

8,832

6,106

8,706

9,902

10,028

8,153

12,373

11,505

11,769

11,204

9,927

9,335

9,152

9,135

8,208

8,408

8,633

General and administrative

4,837

4,777

4,167

4,550

4,600

3,159

4,353

4,202

4,683

3,524

4,319

3,458

4,717

4,770

3,797

2,908

3,017

2,408

2,853

3,055

2,672

2,210

4,621

3,322

2,588

3,280

4,495

3,419

3,367

2,820

2,652

2,124

Gain from legal settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

17,250

-

-

0

0

-

-

-

-

-

Total operating expenses

25,146

23,599

22,726

23,483

21,022

18,564

20,513

21,259

19,991

18,347

19,793

18,767

21,234

19,097

18,648

15,687

12,583

14,710

16,173

16,256

14,054

18,385

2,457

18,056

16,942

15,841

16,838

16,025

15,154

13,975

14,356

13,835

Income from operations

12,182

8,577

9,435

8,461

11,160

10,840

11,745

10,742

12,305

11,255

12,169

10,625

7,174

9,686

9,428

8,016

9,270

4,623

5,699

4,636

14,873

7,691

20,666

4,793

6,439

4,637

5,183

3,198

5,295

5,834

5,394

5,949

Interest and other income (expense), net

1,783

878

773

1,311

428

-52

6,279

-30

77

231

126

359

-667

-197

-445

47

-152

235

507

404

-65

293

255

-230

451

-91

56

294

401

46

757

-105

Income from continuing operations before income tax provision

13,965

9,455

10,208

9,772

11,588

10,788

18,024

10,712

12,382

11,486

12,295

10,984

6,507

9,489

8,983

8,063

9,118

4,858

6,206

5,040

14,808

7,984

20,921

4,563

6,890

4,546

5,239

3,492

5,696

5,880

6,151

5,844

Income tax provision

3,945

5,229

3,607

3,442

4,045

3,929

6,537

3,822

4,080

3,532

4,472

3,989

2,705

3,274

3,271

2,989

3,336

1,636

2,210

1,811

4,442

2,996

8,012

1,699

2,184

1,696

1,918

1,278

2,323

2,045

2,402

2,264

Income from continuing operations

-

4,226

6,601

-

-

6,859

11,487

-

-

7,954

7,823

-

3,802

6,215

5,712

5,074

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

0

0

-

-

-15

-55

-

-

4

-7

-

-153

-330

-312

-359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

10,020

4,226

6,601

6,330

7,550

6,844

11,432

6,890

8,861

7,958

7,816

6,995

11,331

5,885

5,400

4,715

3,738

3,222

3,996

3,229

6,698

4,988

12,909

2,864

4,706

2,850

3,321

2,214

3,373

3,835

3,749

3,580

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

-

0.19

0.29

-

-

0.30

0.51

-

-

0.35

0.34

-

0.17

0.27

0.25

0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

0.00

0.00

-

-

0.00

0.00

-

-

0.00

0.00

-

0.33

-0.01

-0.01

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic net income per share (in dollars per share)

0.44

0.19

0.29

0.28

0.33

0.30

0.51

0.31

0.40

0.35

0.34

0.31

0.50

0.26

0.24

0.21

0.17

0.14

0.18

0.15

0.30

0.23

0.59

0.13

0.21

0.13

0.15

0.10

0.15

0.17

0.17

0.16

Diluted
Continuing operations (in dollars per share)

-

0.18

0.29

-

-

0.30

0.51

-

-

0.35

0.34

-

0.16

0.27

0.25

0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in dollars per share)

-

0.00

0.00

-

-

0.00

-0.01

-

-

0.00

0.00

-

0.33

-0.01

-0.01

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net income per share (in dollars per share)

0.42

0.18

0.29

0.28

0.34

0.30

0.50

0.30

0.38

0.35

0.34

0.31

0.49

0.26

0.24

0.21

0.17

0.14

0.18

0.14

0.30

0.22

0.58

0.13

0.20

0.13

0.15

0.10

0.14

0.17

0.17

0.16

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

22,698

22,695

22,679

22,616

22,538

22,535

22,522

22,465

22,594

22,725

22,701

22,624

22,540

22,533

22,507

22,408

22,274

22,271

22,306

22,229

22,079

21,968

21,920

21,817

21,693

21,672

22,290

22,681

22,534

22,398

22,317

22,211

Weighted average common shares outstanding - diluted (in shares)

23,531

23,044

22,997

22,968

22,969

22,789

22,745

22,685

22,901

22,889

22,863

22,879

23,065

22,756

22,690

22,637

22,655

22,500

22,574

22,571

22,660

22,341

22,306

22,217

22,199

21,990

22,564

23,095

23,119

22,872

22,691

22,750

Cash dividends declared per share (in dollars per share)

0.16

0.16

0.14

0.14

0.14

0.14

0.12

0.12

0.11

0.11

0.11

0.11

0.10

0.10

0.10

0.10

0.00

0.00

0.00

0.00

-

1.00

-

-

-

0.00

-

-

-

-

-

-