Abaxis inc (ABAX)
Income statement / TTM
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

244,700

234,982

228,084

227,782

227,220

225,980

226,084

223,507

218,901

213,958

217,133

211,629

202,593

182,777

167,536

162,916

162,031

174,634

183,626

182,033

180,878

178,792

166,840

162,607

156,596

151,418

149,474

144,726

143,676

0

0

0

Cost of revenues

111,091

106,519

102,393

101,994

101,375

100,021

99,927

97,646

95,649

94,594

98,588

96,970

93,623

80,362

74,571

76,155

78,081

83,610

85,859

83,015

79,903

83,363

77,009

73,878

71,493

69,247

67,972

65,495

63,884

0

0

0

Gross profit

133,609

128,463

125,691

125,788

125,845

125,959

126,157

125,861

123,252

119,364

118,545

114,659

108,970

102,415

92,965

86,761

83,950

91,024

97,767

99,018

100,975

95,429

89,831

88,729

85,103

82,171

81,502

79,231

79,792

0

0

0

Operating expenses:
Research and development

23,332

22,552

22,163

20,994

19,795

19,463

19,115

18,898

18,388

18,403

17,560

17,103

16,327

15,224

15,235

14,421

13,647

13,416

13,622

13,785

13,577

13,498

12,330

11,757

12,246

11,748

12,061

12,349

11,973

0

0

0

Sales and marketing

53,291

50,184

47,156

45,926

45,249

44,467

44,233

43,764

42,526

43,720

44,067

43,901

42,147

36,299

34,263

33,546

34,742

36,789

40,456

42,059

43,800

46,851

44,405

42,235

39,618

37,549

35,830

34,903

34,384

0

0

0

General and administrative

18,331

18,094

16,476

16,662

16,314

16,397

16,762

16,728

15,984

16,018

17,264

16,742

16,192

14,492

12,130

11,186

11,333

10,988

10,790

12,558

12,825

12,741

13,811

13,685

13,782

14,561

14,101

12,258

10,963

0

0

0

Gain from legal settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

Total operating expenses

94,954

90,830

85,795

83,582

81,358

80,327

80,110

79,390

76,898

78,141

78,891

77,746

74,666

66,015

61,628

59,153

59,722

61,193

64,868

51,152

52,952

55,840

53,296

67,677

65,646

63,858

61,992

59,510

57,320

0

0

0

Income from operations

38,655

37,633

39,896

42,206

44,487

45,632

46,047

46,471

46,354

41,223

39,654

36,913

34,304

36,400

31,337

27,608

24,228

29,831

32,899

47,866

48,023

39,589

36,535

21,052

19,457

18,313

19,510

19,721

22,472

0

0

0

Interest and other income (expense), net

4,745

3,390

2,460

7,966

6,625

6,274

6,557

404

793

49

-379

-950

-1,262

-747

-315

637

994

1,081

1,139

887

253

769

385

186

710

660

797

1,498

1,099

0

0

0

Income from continuing operations before income tax provision

43,400

41,023

42,356

50,172

51,112

51,906

52,604

46,875

47,147

41,272

39,275

35,963

33,042

35,653

31,022

28,245

25,222

30,912

34,038

48,753

48,276

40,358

36,920

21,238

20,167

18,973

20,307

21,219

23,571

0

0

0

Income tax provision

16,223

16,323

15,023

17,953

18,333

18,368

17,971

15,906

16,073

14,698

14,440

13,239

12,239

12,870

11,232

10,171

8,993

10,099

11,459

17,261

17,149

14,891

13,591

7,497

7,076

7,215

7,564

8,048

9,034

0

0

0

Income from continuing operations

-

0

0

-

-

0

0

-

-

0

0

-

20,803

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

0

0

-

-

0

0

-

-

0

0

-

-1,154

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

27,177

24,707

27,325

32,156

32,716

34,027

35,141

31,525

31,630

34,100

32,027

29,611

27,331

19,738

17,075

15,671

14,185

17,145

18,911

27,824

27,459

25,467

23,329

13,741

13,091

11,758

12,743

13,171

14,537

0

0

0

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

-

-

-

-

-

-