Abaxis Vet Sales Increase 10% In Q3

Posted: February 3, 2011, 4:15 p.m., EDT



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Abaxis Inc. reported veterinary market sales of $26.3 million for its third quarter ended Dec. 31, compared to sales of $23.9 million in the year-ago period. This represents a 10 percent increase.

Year to date, veterinary market sales were $79.8 million, compared to sales of $67.4 million in the year-ago period.

Overall, Abaxis reported net income of $3.8 million on revenue of $35.9 million for its third quarter, compared to net income of $3.4 million on revenue of $31 million in the year ago period.

Medical and veterinary instrument sales increased 10 percent to $9.3 million for the quarter, while medical and veterinary reagent disc sales increased 20 percent to $19.5 million for the quarter, according to the Union City, Calif.-based company.

Year to date, Abaxis reported net income of $11.2 million on revenue of $106.1 million, compared to net income of $10.4 million on revenue of $90.9 million in the year-ago period.

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