CORPORATE PRESENTATIONFourth Quarter Fiscal Year 2016NASDAQ: ABAX
DISCLAIMERThis corporate presentation includes statements that constitute forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995 (the Reform Act), including but not limited tostatements related to Abaxis cash position, financial resources and potential for future growth, marketacceptance and penetration of new or planned product offerings, and future recurring revenues and results ofoperations. Abaxis claims the protection of the safe-harbor for forward-looking statements contained in theReform Act. These forward-looking statements are often characterized by the terms may, believes,projects, expects, anticipates, or words of similar import, and do not reflect historical facts. Specificforward-looking statements contained in this presentation may be affected by risks and uncertainties,including, but not limited to, those related to risks related to the transition of its U.S. medical sales to Abbott,potential excess inventory levels and inventory imbalances at the companys distributors, losses or systemfailures with respect to Abaxis facilities or manufacturing operations, the effect of exchange rate fluctuationson international operations, fluctuations in quarterly operating results, dependence on sole suppliers, themarket acceptance of Abaxis products and services, the continuing development of its products, requiredUnited States Food and Drug Administration clearance and other government approvals, risks associated withmanufacturing and distributing its products on a commercial scale free of defects, risks related to theintroduction of new instruments manufactured by third parties, risks associated with competing in the humandiagnostic market, risks related to the protection of Abaxis intellectual property or claims of infringement ofintellectual property asserted by third parties and risks related to condition of the United States economy andother risks detailed under Risk Factors in Abaxis annual report on Form 10-K for the fiscal year endedMarch 31, 2015 and Abaxis other periodic reports filed from time to time with the United States Securities andExchange Commission. Forward-looking statements speak only as of the date the statements were made.Abaxis does not undertake and specifically disclaims any obligation to update any forward-lookingstatements.
2
3
ABAXIS BLOOD DIAGNOSTICS Abaxis is a global leader in point-of-care blood diagnostics, serving
both Animal Health and Human Health markets.
Combining the best in on-site diagnostics, single-use rapid tests.
The Piccolo menu features 31 blood chemistry tests. These 31 tests are conveniently configured into 17 completely self contained reagent discs,11 of which are CLIA waived.
The VetScan blood chemistry test menu is configured into 10 reagent discs/panels.
Second largest global point-of-care veterinary diagnostic company with approximately 33% share of clinics in North America
4
PERFORMANCE TO DATE Achieved profitability
Expanded manufacturing capacity
Expanded test menu
CLIA waived status
New expanding strategic markets Veterinary National Distribution National Account status with VCA -Antech May 2014 National Account with Banfield Pet Hospital May 2016 Abbott USA Medical Distribution CRO Pharmacy / Retail China
5
TOTAL COMPANY SALES
Data as of March 31, 2016
75%
20%
5%
2016 Revenues by Product Category
Consumables
Instruments
Other 81%
17%
2%
2016 Revenues by Segment
Veterinary Market
Medical Market
Other
Fiscal Year 2016 Revenue $219 Million
6
Chart1
75
20
5
Category
2016 Revenues by Product Category
75%
20%
5%
Sheet1
Category
Consumables75
Instruments20
Other5
To resize chart data range, drag lower right corner of range.
Chart1
81
17
2
Segment
2016 Revenues by Segment
81%
17%
2%
Sheet1
Segment
Veterinary Market81
Medical Market17
Other2
To resize chart data range, drag lower right corner of range.
ABAXIS POINT-OF-CARE MEDICAL DIAGNOSTICS
7
ABBOTT DISTRIBUTION AGREEMENTAbbott Distributes Piccolo Products In The Human Health Care Market Business partnership to market, sell and distribute Abaxis Piccolo Xpress and medical
reagent discs starting January 2, 2013.
Territory is limited to the U.S.
Exclusive multi-year distribution agreement.
Abaxis will keep certain segments including pharmacy and retail store clinics, shopping malls, pharma clinical trials, contract research organizations (CROs), cruise ship lines and one occupational health screening account.
Abaxis will continue selling Piccolo products in Europe, Japan, China and the rest of the world.
Abaxis will maintain technical support and regulatory services.
Partnership with Abbott brings large market coverage and is more cost effective.
Leverage i-STAT relationship.
8
ABAXIS LABORATORY SUITE
9
DISTRIBUTION UPDATE
National distributors to market, sell and distribute Abaxis Animal Health products throughout the U.S.:
MWI started January 2, 2013 Patterson Companies Inc. started October 1, 2014 Henry Schein started October 17, 2014
MWI, Patterson, and Henry Schein are the largest animal health distributors in the U.S. and added approximately 725 additionaldistributor reps to the field.
These tier one distributors are providing Abaxis field representatives with significantly greater access to clinics and providing 100%penetration into the North American veterinary market.
Abaxis now has 9 Animal Health Distributors with 900 distributor sales representatives providing 100% coverage of the veterinary market.
MWI, Patterson, and Henry Schein to Distribute Abaxis Animal Health Products
10
http://www.pattersoncompanies.com/CompanyOverview
ANTECH PARTNERSHIP
Co-marketing agreement entered in May 2014 was modified with the new distributor landscape
Antech and Abaxis field personnel work together with distribution personnel to identify competitive accounts
Antech and Abaxis provide bundled solutions with reference lab pricing, point-of-care savings, superior products and services to replace competitive offerings neither company could provide on its own
Original co-marketing agreement can still be utilized if necessary
Abaxis sold its AVRL reference lab business to Antech in March 2015 for $21MM.
11
VCA, Inc. May 2014 Largest Animal Hospital Chain in the US(based on revenues)
VCA purchased VetScan chemistry instrumentsfor the majority of their 600+ animal hospitals
Currently 500+ VetScans in use
National Account with Banfield Pet Hospital May 2016 Recently initiated installation of Abaxis HM5 hematology
instruments in Banfields 900+ animal hospitals
LARGE NATIONAL ACCOUNT WINS
12
WORLDWIDE SALES OF IN-VITRO DIAGNOSTICS
Histology/Cytology2%
Urinalysis2% Blood Grouping/Typing
1%Hematology/Coagulation
11%
Immunoassay33%Clinical Chemistry
32%
All Others11%
Microbiology8%
Total Market = $15.4 Billion
13
Chart1
2
2
1
11
33
32
11
8
Sales
Hematology/Coagulation11%
Sheet1
Sales
Histology/Cytology2
Urinalysis2
Blood Grouping/Typing1
Hematology/Coagulation11
Immunoassay33
Clinical Chemistry32
All Others11
Microbiology8
COMPARED TO COMMERCIAL LABORATORIES
See Patient
Prepare syringe/collect blood sample
Label Tube
Wait 20 minutes for blood clot to form
Spin Sample for 10 minutes
Separate sample from blood cells
Label Transport Tube(s)
Fill out necessary lab forms and package tubes for pick-up
Wait up to 4 days for results
While waiting, make best guess and begin temporaryMedical treatment plan. Receive numerous phone calls
from patient requesting lab results. Technician calls lab to request results.
Receive lab results Problem with sample/lab
Review chart andInterpret lab results
Call patient for 2ndappointment to redraw
blood sampleCall patient for 2nd
consultation to reviewresults and establish
medical treatment plan
Start process over again
Keep record of labwork for accurate billing
Keep record of lab work to ensure accurate billing
of inadequate sample
Commercial Laboratories Piccolo xpressvs.
14
1. Add Sample
2. Insert Disc
3. Read Results
ABAXIS VS COMPETITORS
14 test results
12.5 min
100 ul of blood
IDEXX
vs.
15
KEY SUCCESS FACTORS & GOALS
10% market share
Market coverage Expense management Expanding menu Opening new markets
Pharmacy / Retail & CRO China
Expanding veterinary product line
16
AVAILABLE TESTS
Test Total U.S. Test Volume 1995 (millions)
Albumin 134 Glucose 359Alkaline Phosphatase (ALP) 140 Phosphorous 116ALT 61 Protein, Total 136Amylase 23 Uric Acid 130AST 117 Potassium 222Bilirubin, Total & Direct 157 Carbon Dioxide 183BUN 220 Sodium 212Calcium 124 Creatine Kinase(CK) 44Chloride 204 HDL 38Cholesterol 206 Triglycerides 74Creatinine 189 Magnesium 22 LDH 150 LactateGGT 38
Total Tests Available from Abaxis 3,299Total Clinical Chemistry Tests (US) 3,443% of total (US) available from Abaxis 96%
17
CMS REIMBURSEMENT PANELS
1. Basic MetabolictCO2, Cre, Cl-,Ca, Glu, K+, BUN, Na+, eGFR*
2. Comprehensive Metabolic PanelALB, ALP, ALT, AST, T Bili, Ca++, Cre, Cl-, Glu, K+, Na+, TP, BUN, CO2
3. ElectrolytestCO2, Cl-, K+, Na+
4. Hepatic FunctionALT, AST, ALP, ALB, TP, T Bili, D Bili
5. LipidTotal Chol, HDL, Trig, Chol/HDL*, VLDL*, nHDLc*, LDL*
6. Renal FunctionALB, CA, CO2, Cl-, Cre, Glu, Phos, K+, Na+, BUN, eGFR*
* calculated value
CLIA Waived (Blue) Not Waived (Red)
18
ADDITIONAL MEDICAL PANELS1. Lipid Panel Plus
ALT, AST, Chol, GLE, Chol/HDL, HDL, LDL, Trig, VLDL, nHDLc*
2. General Chemistry 13ALB, ALP, ALT, AST, T Bili, Ca, CRE, GLU, UA, AMY, TP, BUN, GGT, eGFR*
3. Liver Panel PlusALB, ALP, ALT, AMY, AST, GGT, TBIL, TP
4. Kidney CheckBUN, CRE, eGFR*
5. Basic Metabolic PlustCO2, Cl-, K+, BUN, CRE, Ca, GLU, Na+, Mg, LDH, eGFR*
6. Metlyte 8Cl-, K+, Na-, tCO2, BUN, CK, CRE, GLU, eGFR*
7. General Chemistry 6ALT, AST, GGT, BUN, CRE, GLU, eGFR*
8. Biochemistry Panel PlusALB, ALP, ALT, AMY, AST, BUN, Ca, CRE, GGT, GLU, TP, UA, eGFR*,CRP
9. Metlyte Plus CRPCl, K, Na, tCO2, BUN, CK, CRE, GLU, eGFR*, CRP
10. MetLac12ALB, BUN, Ca, Cl-, CRE, GLU, K+, LAC, Mg, Na-, Phos, tCO2
11. AmLyte 13ALB, ALT, AMY, AST, BUN, Ca, CK, CRE, CRP, eGFR*, GLU, K+, Na+, TBIL(For International Use Only. Not for United States Use.)
[ Actual Sample Size Is Just Three Drops ]
*calculated value
CLIA Waived (Blue) Not Waived (Red)
19
VETSCAN PROFILES1. Avian/Reptilian Profile Plus
ALB, AST, BA, CA, CK, GLOB, GLU, K+, NA+, PHOS, TP, UA2. Canine Heartworm Antigen Test Kit including Canine Wellness Profile (1)
ALB, ALP, ALT, BUN, CA, CHW, CRE, GLOB, GLU, PHOS, TBIL, TP3. Comprehensive Diagnostic Profile
ALB, ALP, ALT, AMY, BUN, CA, CRE, GLOB, GLU, K+, NA+, PHOS, TBIL, TP4. Critical Care Plus
ALT, BUN, CL-, CRE, GLU, K+, NA+, tCO25. Equine Profile Plus
ALB, AST, BUN, CA, CK, CRE, GGT, GLOB, GLU, K+, NA+, TBIL, tCO2, TP
6. Kidney Profile PlusALB, BUN, CA, CL-, CRE, GLU, K+, NA+, PHOS, tCO2
7. Large Animal ProfileALB, ALP, AST, BUN, CA, CK, GGT, GLOB, MG, PHOS, TP
8. Mammalian Liver ProfileALB, ALP, ALT, BA, BUN, CHOL, GGT, TBIL
9. Prep Profile IIALP, ALT, BUN, CRE, GLU, TP
10. Thyroxine (T4) / Cholesterol ProfileCHOL, T4
______________(1) The panel is offered only on our VetScan VS2.
20
Will Increase Sales & Market Share
Single-Use Rapid tests Anaplasma Cleared Ehrlichia Cleared FeLV Cleared FIV Cleared
Phenobarbital on the disc
High sensitivity immunoassay performed on the disc
Abaxis plans to spend an incremental$5MM on R&D in FY17 (vs. FY16)
TEST METHODS & ROTOR CONFIGURATIONS UNDER DEVELOPMENT
21
RAPID TEST PREVALENCE MAPS
22
0
3,000
6,000
9,000
12,000
15,000
18,000
21,000
24,000
27,000
30,000
33,000
36,000
39,000
Q298
Q398
Q498
Q199
Q299
Q399
Q499
Q100
Q200
Q300
Q400
Q101
Q201
Q301
Q401
Q102
Q202
Q302
Q402
Q103
Q203
Q303
Q403
Q104
Q204
Q304
Q404
Q105
Q205
Q305
Q405
Q106
Q206
Q306
Q406
Q107
Q207
Q307
Q407
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
3Q10
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Chemistry Hematology Coagulation/Specialty & i-STAT
62,355
INSTRUMENTS SHIPPED (RAZOR)(CUMULATIVE UNITS)
23
172 20
916
016
216
9 209
294
391
279
222 2
7323
217
413
8 209
186
103 1
55 180
277
164
264
257 30
324
826
625
9 300
317
269
412
367 39
829
453
938
233
229
7 341 38
5 415
361 40
334
5 388
363
572
399
377 38
3 433
427
367
504
438
456
446
572
545
473
475
577
377
487
617
831
1009
481
436
575
513
680
26 7 32
3 8 17 18 9 10 11 8 24 25 25 40
1660 35 2567 55
9112
394 95
60 5088
5613
910
591
124 17
316
4 183
177
178 2
3821
820
816
724
296
149
143
134
150
163
198 23
517
317
216
8 226 2
6432
425
9 306
183
126
242
238
148
151 2
1169
428
325
524
850
832
0
0
200
400
600
800
1,000
1,200
Q1
99Q
2 99
Q3
99Q
4 99
Q1
00Q
2 00
Q3
00Q
4 00
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
Vetscan Piccolo
CHEMISTRY INSTRUMENT SALES(UNITS)
24
Chart1
17226
2097
16032
1623
1698
20917
29418
3919
27910
22211
2738
23224
17425
13825
20940
18616
10360
15535
18025
27767
16455
26491
257123
30394
24895
26660
25950
30088
31756
269139
412105
36791
398124
294173
539164
382183
332177
297178
341238
385218
415208
361167
403242
34596
388149
363143
572134
399150
377163
383198
433235
427173
367172
504168
438226
456264
446324
572259
545306
473183
475126
577242
377238
487148
617151
831211
1009694
481283
436255
575248
513508
680320
Vetscan
Piccolo
Sheet1
VetscanPiccoloHMTCoagi-STAT
Q1 9917226
Q2 992097
Q3 9916032
Q4 991623
Q1 00169851
Q2 002091772
Q3 0029418172
Q4 003919192
Q1 0127910178
Q2 0122211185
Q3 012738242
Q4 0123224262
Q1 0217425155
Q2 0213825104
Q3 022094092
Q4 021861696
Q1 031036072
Q2 0315535121
Q3 0318025130
Q4 0327767117
Q1 0416455137
Q2 0426491126
Q3 04257123141
Q4 0430394122
Q1 0524895121
Q2 0526660147
Q3 0525950180
Q4 0530088160
Q1 0631756118
Q2 06269139159
Q3 06412105159
Q4 0636791230
Q1 07398124207
Q2 07294173249
Q3 07539164209
Q4 07382183207
Q1 08332177168
Q2 08297178296
Q3 08341238301
Q4 08385218212
Q1 09415208181
Q2 09361167206
Q3 09403242241
Q4 093459617797
Q1 10388149192104
Q2 1036314321017337
Q3 1057213425615298
Q4 10399150
Q1 11377163
Q2 11383198
Q3 11433235
Q4 11427173
Q1 12367172
Q2 12504168
Q3 12438226
Q4 12456264
Q1 13446324
Q2 13572259
Q3 13545306
Q4 13473183
Q1 14475126
Q2 14577242
Q3 14377238
Q4 14487148
Q1 15617151
Q2 15831211
Q3 151009694
Q4 15481283
Q1 16436255
Q2 16575248
Q3 16513508
Q4 16680320
&A
Page &P
Sheet2
&A
Page &P
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Q1
99Q
2 99
Q3
99Q
4 99
Q1
00Q
2 00
Q3
00Q
4 00
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
Piccolo Vetscan
CHEMISTRY INSTRUMENT SALES(UNITS)
25
Chart1
17226
2097
16032
1623
1698
20917
29418
3919
27910
22211
2738
23224
17425
13825
20940
18616
10360
15535
18025
27767
16455
26491
257123
30394
24895
26660
25950
30088
31756
269139
412105
36791
398124
294173
539164
382183
332177
297178
341238
385218
415208
361167
403242
34596
388149
363143
572134
399150
377163
383198
433235
427173
367172
504168
438226
456264
446324
572259
545306
473183
475126
577242
377238
487148
617151
831211
1009694
481283
436255
575248
513508
680320
Vetscan
Piccolo
Sheet1
VetscanPiccoloHMTCoagi-STAT
Q1 9917226
Q2 992097
Q3 9916032
Q4 991623
Q1 00169851
Q2 002091772
Q3 0029418172
Q4 003919192
Q1 0127910178
Q2 0122211185
Q3 012738242
Q4 0123224262
Q1 0217425155
Q2 0213825104
Q3 022094092
Q4 021861696
Q1 031036072
Q2 0315535121
Q3 0318025130
Q4 0327767117
Q1 0416455137
Q2 0426491126
Q3 04257123141
Q4 0430394122
Q1 0524895121
Q2 0526660147
Q3 0525950180
Q4 0530088160
Q1 0631756118
Q2 06269139159
Q3 06412105159
Q4 0636791230
Q1 07398124207
Q2 07294173249
Q3 07539164209
Q4 07382183207
Q1 08332177168
Q2 08297178296
Q3 08341238301
Q4 08385218212
Q1 09415208181
Q2 09361167206
Q3 09403242241
Q4 093459617797
Q1 10388149192104
Q2 1036314321017337
Q3 1057213425615298
Q4 10399150
Q1 11377163
Q2 11383198
Q3 11433235
Q4 11427173
Q1 12367172
Q2 12504168
Q3 12438226
Q4 12456264
Q1 13446324
Q2 13572259
Q3 13545306
Q4 13473183
Q1 14475126
Q2 14577242
Q3 14377238
Q4 14487148
Q1 15617151
Q2 15831211
Q3 151009694
Q4 15481283
Q1 16436255
Q2 16575248
Q3 16513508
Q4 16680320
&A
Page &P
Sheet2
&A
Page &P
Sheet3
&A
Page &P
Sheet4
&A
Page &P
Sheet5
&A
Page &P
Sheet6
&A
Page &P
Sheet7
&A
Page &P
Sheet8
&A
Page &P
Sheet9
&A
Page &P
Sheet10
&A
Page &P
Sheet11
&A
Page &P
Sheet12
&A
Page &P
Sheet13
&A
Page &P
Sheet14
&A
Page &P
Sheet15
&A
Page &P
Sheet16
&A
Page &P
0
100
200
300
400
500
600
700
800
Q1
99Q
2 99
Q3
99Q
4 99
Q1
00Q
2 00
Q3
00Q
4 00
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
Medical Government
PICCOLO SALES BY QUARTER(UNITS)
26
Chart1
1511
70
321
3Q4 99
71
134
117
81
37
65
44
231
1015
205
139
97
1842
1619
214
5611
1144
4051
7845
7620
5441
3129
3614
6325
4511
9544
996
829
11014
14726
15212
1776
1734
15820
21721
18137
15949
14126
19349
8214
8861
11627
1304
1446
14716
17226
17659
15815
14923
13533
20026
25410
30915
2518
3033
17310
1233
2375
22711
1444
1447
2083
67321
2785
22134
2426
5026
3173
Medical
Government
Sheet1
MedicalGovernment
Q1 991511
Q2 9970
Q3 99321
Q4 993
Q1 0071
Q2 00134
Q3 00117
Q4 0081
Q1 0137
Q2 0165
Q3 0144
Q4 01231
Q1 021015
Q2 02205
Q3 02139
Q4 0297
Q1 031842
Q2 031619
Q3 03214
Q4 035611
Q1 041144
Q2 044051
Q3 047845
Q4 047620
Q1 055441
Q2 053129
Q3 053614
Q4 056325
Q1 064511
Q2 069544
Q3 06996
Q4 06829
Q1 0711014
Q2 0714726
Q3 0715212
Q4 071776
Q1 081734
Q2 0815820
Q3 0821721
Q4 0818137
Q1 0915949
Q2 0914126
Q3 0919349
Q4 098214
Q1 108861
Q2 1011627
Q3 101304
Q4 101446
Q1 1114716
Q2 1117226
Q3 1117659
Q4 1115815
Q1 1214923
Q2 1213533
Q3 1220026
Q4 1225410
Q1 1330915
Q2 132518
Q3 133033
Q4 1317310
Q1 141233
Q2 142375
Q3 1422711
Q4 141444
Q1 151447
Q2 152083
Q3 1567321
Q4 152785
Q1 1622134
Q2 162426
Q3 165026
Q4 163173
Sheet2
Sheet3
Sheet4
U.S. PICCOLO SALES BY MARKET SEGMENT(CUMULATIVE UNITS)
27
0
1,000
2,000
3,000
4,000
5,000
6,000
FY02
FY03
Q104
Q204
Q304
Q404
Q105
Q205
Q305
Q405
Q106
Q206
Q306
Q406
Q107
Q207
Q307
Q407
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
Mobile Clinics Urgent Care Hospitals GP/FP Oncology Internal Medicine Other Spec
0250,000500,000750,000
1,000,0001,250,0001,500,0001,750,0002,000,0002,250,0002,500,0002,750,000
Q1
99Q
2 99
Q3
99Q
4 99
Q1
00Q
2 00
Q3
00Q
4 00
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
RestructuredU.S. Vet
Distribution
ROTOR SALES & UTILIZATION GROWTH
28
Chart1
178560Q1 99
180750Q2 99
170680Q3 99
217995Q4 99
251600Q1 00
272645Q2 00
276775Q3 00
282775Q4 00
3049007650
3565556900
3094555400
3162105740
3869457520
3513208780
40235411660
39648010600
39700212910
43069018800
44578118480
47417738540
47876254860
50685142620
53791753123
57890867756
Overall average growth ~ 19.5K per quarterAverage for last 6 quarters ~ 33K per quarter Piccolo rotors 12.2% (1st time over 10%)
Vet
Human
Units
Rotor Sales by Quarter
Chart2
178560
180750
170680
217995
251600
272645
276775
282775
312550
363455
314855
321950
394465
360100
414014
407080
409912
449490
464261
512717
533622
549471
591040
646664
700949
706235
592096
657844
767315
870723
796901
959079
956715
1007003
1005422
1147321
1137848
1244458
1212296
1346074
1179102
1437521
1299951
1358272
1452735
1460678
1276100
1541842
1605181
1517534
1549388
1769510
1592072
1764364
1621800
1793928
1741616
1663439
2084280
1995964
1743058
1640488
1765937
1841716
2057382
2129046
2050340
2273985
2370875
2384083
2312770
2480517
Total
Sheet1
TotalVetHuman
Q1 99178560178560
Q2 99180750180750
Q3 99170680170680
Q4 99217995217995
Q1 00251600251600
Q2 00272645272645
Q3 00276775276775
Q4 00282775282775
Q1 013125503049007650
Q2 013634553565556900
Q3 013148553094555400
Q4 013219503162105740
Q1 023944653869457520
Q2 023601003513208780
Q3 0241401440235411660
Q4 0240708039648010600
Q1 0340991239700212910
Q2 0344949043069018800
Q3 0346426144578118480
Q4 0351271747417738540
Q1 0453362247876254860
Q2 0454947150685142620
Q3 0459104053791753123
Q4 0464666457890867756
Q1 0570094961212888821
Q2 05706235595999110236
Q3 05592096477139114957
Q4 0565784456760890236
Q1 0676731567368593630
Q2 06870723712074158649
Q3 06796901654504142397
Q4 06959079778434180645
Q1 07956715737083219632
Q2 071007003769985237018
Q3 071005422721383284039
Q4 071147321864244283077
Q1 081137848864160273688
Q2 081244458906155338303
Q3 081212296895812316484
Q4 081346074976623369451
Q1 091179102775368403734
Q2 0914375211003408434113
Q3 091299951832663467288
Q4 091358272945808412464
Q1 1014527351023612429123
Q2 101460678970968489710
Q3 101276100889780386320
Q4 101541842959412582430
Q1 1116051811084461520720
Q2 1115175341017924499610
Q3 111549388974568574820
Q4 1117695101148880620630
Q1 1215920721028292563780
Q2 1217643641164684599680
Q3 121621800966360655440
Q4 1217939281229388564540
Q1 1317416161190896550720
Q2 1316634391085459577980
Q3 1320842801320400763880
Q4 1319959641455344540620
Q1 1417430581162748580310
Q2 1416404881005968634520
Q3 1417659371040388725549
Q4 1418417161101876739840
Q1 152,057,3821317492739890
Q2 1521290461403256725790
Q3 1520503401300150750190
Q4 1522739851459235814750
Q1 1623708751542525828350
Q2 1623840831538543845540
Q3 1623127701392500920270
Q4 1624805171547797932720
&A
Page &P
Sheet2
&A
Page &P
Sheet3
&A
Page &P
Sheet4
&A
Page &P
Sheet5
&A
Page &P
Sheet6
&A
Page &P
Sheet7
&A
Page &P
Sheet8
&A
Page &P
Sheet9
&A
Page &P
Sheet10
&A
Page &P
Sheet11
&A
Page &P
Sheet12
&A
Page &P
Sheet13
&A
Page &P
Sheet14
&A
Page &P
Sheet15
&A
Page &P
Sheet16
&A
Page &P
0
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
1,750,000
2,000,000
2,250,000
2,500,000
2,750,000
Q1
99Q
2 99
Q3
99Q
4 99
Q1
00Q
2 00
Q3
00Q
4 00
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
Vet Human
ROTOR SALES BY QUARTER
29
Chart1
178560Q1 99
180750Q2 99
170680Q3 99
217995Q4 99
251600Q1 00
272645Q2 00
276775Q3 00
282775Q4 00
3049007650
3565556900
3094555400
3162105740
3869457520
3513208780
40235411660
39648010600
39700212910
43069018800
44578118480
47417738540
47876254860
50685142620
53791753123
57890867756
61212888821
595999110236
477139114957
56760890236
67368593630
712074158649
654504142397
778434180645
737083219632
769985237018
721383284039
864244283077
864160273688
906155338303
895812316484
976623369451
775368403734
1003408434113
832663467288
945808412464
1023612429123
970968489710
889780386320
959412582430
1084461520720
1017924499610
974568574820
1148880620630
1028292563780
1164684599680
966360655440
1229388564540
1190896550720
1085459577980
1320400763880
1455344540620
1162748580310
1005968634520
1040388725549
1101876739840
1317492739890
1403256725790
1300150750190
1459235814750
1542525828350
1538543845540
1392500920270
1547797932720
Vet
Human
Sheet1
VetHumanTOTAL
Q1 99178560178560
Q2 99180750180750
Q3 99170680170680
Q4 99217995217995
Q1 00251600251600
Q2 00272645272645
Q3 00276775276775
Q4 00282775282775
Q1 013049007650312550
Q2 013565556900363455
Q3 013094555400314855
Q4 013162105740321950
Q1 023869457520394465
Q2 023513208780360100
Q3 0240235411660414014
Q4 0239648010600407080
Q1 0339700212910409912
Q2 0343069018800449490
Q3 0344578118480464261
Q4 0347417738540512717
Q1 0447876254860533622
Q2 0450685142620549471
Q3 0453791753123591040
Q4 0457890867756646664
Q1 0561212888821700949
Q2 05595999110236706235
Q3 05477139114957592096
Q4 0556760890236657844
Q1 0667368593630767315
Q2 06712074158649870723
Q3 06654504142397796901
Q4 06778434180645959079
Q1 07737083219632956715
Q2 077699852370181007003
Q3 077213832840391005422
Q4 078642442830771147321
Q1 088641602736881137848
Q2 089061553383031244458
Q3 088958123164841212296
Q4 089766233694511346074
Q1 097753684037341179102
Q2 0910034084341131437521
Q3 098326634672881299951
Q4 099458084124641358272
Q1 1010236124291231452735
Q2 109709684897101460678
Q3 108897803863201276100
Q4 10959,4125824301541842
Q1 1110844615207201605181
Q2 111017924499,6101517534
Q3 119745685748201549388
Q4 1111488806206301769510
Q1 1210282925637801592072
Q2 1211646845996801764364
Q3 129663606554401621800
Q4 1212293885645401793928
Q1 1311908965507201741616
Q2 1310854595779801663439
Q3 1313204007638802084280
Q4 1314553445406201995964
Q1 1411627485803101743058
Q2 1410059686345201640488
Q3 1410403887255491765937
Q4 141,101,876739,8401841716
Q1 1513174927398902057382
Q2 1514032567257902129046
Q3 1513001507501902050340
Q4 1514592358147502273985
Q1 1615425258283502370875
Q2 1615385438455402384083
Q3 1613925009202702312770
Q4 1615477979327202480517
&A
Page &P
Sheet2
&A
Page &P
Sheet3
&A
Page &P
Sheet4
&A
Page &P
Sheet5
&A
Page &P
Sheet6
&A
Page &P
Sheet7
&A
Page &P
Sheet8
&A
Page &P
Sheet9
&A
Page &P
Sheet10
&A
Page &P
Sheet11
&A
Page &P
Sheet12
&A
Page &P
Sheet13
&A
Page &P
Sheet14
&A
Page &P
Sheet15
&A
Page &P
Sheet16
&A
Page &P
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Q100
Q200
Q300
Q400
Q101
Q201
Q301
Q401
Q102
Q202
Q302
Q402
Q103
Q203
Q303
Q403
Q104
Q204
Q304
Q404
Q105
Q205
Q305
Q405
Q106
Q206
Q306
Q406
Q107
Q207
Q307
Q407
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
QUARTERLY ROTOR UNITS
30
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
650,000
700,000
750,000
800,000
850,000
900,000
950,000
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
Non-Military Military
HUMAN ROTOR SALES BY QUARTER(UNITS)
31
Chart1
61401510
6430470
39801420
46101130
58001720
74301350
94902170
87101890
105002410
111307670
108007680
1475023790
1573039170
2699015630
3178021600
5250026630
4836041090
5192658310
5499759960
6825621980
7426019370
9403964610
10383738560
13651544130
17185247780
18584851170
22709956940
23329749780
23115842530
28551352790
26751448970
33178137670
35490548829
39282341290
43903828250
37507437390
38034348780
45297036740
35505031270
53293049500
48689033830
46457035040
52408050740
59265027980
51556048220
55031049370
62747027970
53473029810
51582034900
54722030760
73862025260
51438026240
55592024390
61437020150
71094914600
72770012140
72880011090
71485010940
7402609930
8074707280
81575012600
83186013680
90820012070
92130011420
Non-Military
Military
Sheet1
Q1 01Q2 01Q3 01Q4 01Q1 02Q2 02Q3 02Q4 02Q1 03Q2 03Q3 03Q4 03Q1 04Q2 04Q3 04Q4 04Q1 05Q2 05Q3 05Q4 05Q1 06Q2 06Q3 06Q4 06Q1 07Q2 07Q3 07Q4 07Q1 08Q2 08Q3 08Q4 08Q1 09Q2 09Q3 09Q4 09Q1 10Q2 10Q3 10Q4 10Q1 11Q2 11Q3 11Q4 11Q1 12Q2 12Q3 12Q4 12Q1 13Q2 13Q3 13Q4 13Q1 14Q2 14Q3 14Q4 14Q1 15Q2 15Q3 15Q4 15Q1 16Q2 16Q3 16Q4 16
Non-Military614064303980461058007430949087101050011130108001475015730269903178052500483605192654997682567426094039103837136515171852185848227099233297231158285513267514331781354905392823439038375074380343452970355050532,930486,890464,570524,080592,650515,560550,310627,470534,730515,820547,220738,620514,380555,920614,370710,949727,700728,800714,850740,260807,470815,750831,860908,200921,300
Military15104701420113017201350217018902410767076802379039170156302160026630410905831059960219801937064610385604413047780511705694049780425305279048970376704882941290282503739048780367403127049,50033,83035,04050,74027,98048,22049,37027,97029,81034,90030,76025,26026,24024,39020,15014,60012,14011,09010,9409930.007,28012,60013,68012,07011,420
$3,037
$7,119 $8,095 $10,888
$17,455
$22,764 $24,796 $24,176
$29,146 $30,404
$31,643
$28,134
$35,364 $37,845
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
($ in
thou
sand
s)
CAGR 21%as of March 31, 2016
MEDICAL MARKET SALES
32
Chart1
3037
7119
8095
10888
17455
22764
24796
24176
29146
30404
31643
28133
35364
37845
$28,134
Sheet1
Medical Sales
AmountAmount
Q103$7962003$3,037
Q203$5812004$7,119
Q303$4952005$8,095
Q403$1,1652006$10,888
Q104$1,6072007$17,455
Q204$1,6182008$22,764
Q304$2,0802009$24,796
Q404$1,8142010$24,176
Q105$2,2402011$29,146
Q205$1,9832012$30,404
Q305$1,8772013$31,643
Q405$1,995201428,133
Q106$1,6742015$35,364
Q206$3,3472016$ 37,845
Q306$2,858
Q406$3,009
Q107$3,730
Q207$4,120
Q307$4,656
Q407$4,949
Q108$4,807
Q208$5,643
Q308$6,005
Q408$6,309
Q109$6,529
Q209$6,015
Q309$7,175
Q409$5,077
Q110$5,763
Q210$6,345
Q310$5,172
Q410$6,896
2011$13,295
$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
$55.0
$60.0
Q1
98Q
2 98
Q3
98Q
4 98
Q1
99Q
2 99
Q3
99Q
4 99
Q1
00Q
2 00
Q3
00Q
4 00
Q1
01Q
2 01
Q3
01Q
4 01
Q1
02Q
2 02
Q3
02Q
4 02
Q1
03Q
2 03
Q3
03Q
4 03
Q1
04Q
2 04
Q3
04Q
4 04
Q1
05Q
2 05
Q3
05Q
4 05
Q1
06Q
2 06
Q3
06Q
4 06
Q1
07Q
2 07
Q3
07Q
4 07
Q1
08Q
2 08
Q3
08Q
4 08
Q1
09Q
2 09
Q3
09Q
4 09
Q1
10Q
2 10
Q3
10Q
4 10
Q1
11Q
2 11
Q3
11Q
4 11
Q1
12Q
2 12
Q3
12Q
4 12
Q1
13Q
2 13
Q3
13Q
4 13
Q1
14Q
2 14
Q3
14Q
4 14
Q1
15Q
2 15
Q3
15Q
4 15
Q1
16Q
2 16
Q3
16Q
4 16
(Mill
ions
of $
)
CAGR 24%as of March 31, 2016
Note: Quarterly Sales for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.
QUARTERLY SALES
33
Data Page
ABAXIS, INC.
REVENUE DETAIL
By Quarters
Q1 97Q1 97Q297Q297Q3 97Q3 97Q4 97Q4 97Q1 98Q1 98Q2 98Q2 98Q3 98Q3 98Q4 98Q4 98Q1 99Q1 99Q2 99Q2 99Q3 99Q3 99Q4 99Q4 99Q1 00Q1 00Q2 00Q2 00Q3 00Q3 00Q4 00Q4 00Q1 01Q1 01Q2 01Q2 01Q3 01Q3 01Q4 01Q4 01Q1 02Q1 02Q2 02Q2 02Q3 02Q3 02Q4 02Q4 02Q1 03Q1 03Q2 03Q2 03Q3 03Q3 03Q4 03Q4 03Q1 04Q1 04Q2 2004Q3 FY04Q4 2004
Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)
US REVENUE
Vet Instruments3121688583114774129829121809835661158001641,0691288821831,2621439691429741278991581,1112221,5532902,1121841,4281791,3941731,3342121,6661471,1361027931471,128130951624871118431078071671,2221108191631,2501781,3402171,658
Vet HMT00000000000000000000000038319645511511,2891781,5271561,3621651,4172341,9762452,1481411,252938627164377753605861091,020105956978551091,0151191,1231241,1581151,097
Medical Instruments218004423940445467949767743321212700110001103427730088455255445922232242513944591114655123283151943240965834781,018851,11662841
Vet Discs29,89029639,49037243,36039963,10056876,65069886,560787102,200927114,4101,035141,8201,333154,1701,439143,4401,322191,7601,810207,6151,973224,9952,104239,1752,268236,5852,381264,2202,752310,3853,258265,1802,884269,0902,875328,3853,615287,8233,275342,1003,836328,5453,680331,0723,743366,0804,134379,4414,302389,4424,365408,7624,686423,4464,913450,9155,178477,8145,487
HMT Reagents000000000000000000000000214438821622741330665471085351069521908891861,2652681,2012551,9244081,5263261,8573931,8984201,9584141,8964022,4035082,5835462,481523
Heartworm00000000000000000000000000000000000010,00034140,80041787,07528097,325224-524-35-650-2- 0- 015,45050- 0- 0- 0- 0
Medical Discs230320020021,120152,130299601551078001159092,5303454081,540211,790251,080151,720242,640371,78025780111,920262,260323,880545,730796,870974,570635,810797,1809810,74014826,29032942,27053227,48031329,33030849,740493
Total Ancillaries111734554551251181021511161615181617172285136527937
Total Instruments33234885831188161681,2331661,2761771,5421228741671,1011401,0091831,2621449791429741661,2282251,7033802,9154683,6393482,8743492,8634123,3644613,8733102,6202191,9062572,2162161,8141681,6242432,1462271,9572962,4862842,6683603,3913873,6143943,596
Total HMT Reagents000000000000000000000000214438821622741330665471085351069521908891861,2652681,2012551,9244081,5263261,8573931,8984201,9584141,8964022,4035082,5835462,481523
Total Heartworm00000000000000000000000000000000000010,00034140,80041787,07528097,325224-524-35-650-2- 0- 015,45050- 0- 0- 0- 0
Total Discs30,12029939,51037243,56040164,22058378,78072787,520802102,710934115,2101,046142,4101,342156,7001,473143,9801,330193,3001,831209,4051,998226,0752,118240,8952,292239,2252,418266,0002,776311,1653,269267,1002,910271,3502,907332,2653,669293,5533,354348,9703,933333,1153,743336,8823,822373,2604,232390,1814,450415,7324,694451,0325,218450,9265,226480,2455,486527,5545,980
Total Revenue5349561,2181,8232,0062,3481,8132,1522,3552,7402,3142,8173,2353,8405,2316,1085,7186,2556,3916,9866,4915,5436,4556,3986,0527,0126,8147,6778,4249,2279,72510,136
JAPANESE REVENUE
Vet Instruments2011820117105810585933060329118683804352010600000000005633640240137840240000000000000000040260- 0- 01785- 0- 018120
Vet HMT000000000000000000000000000000000000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0
Medical Instruments502933017630176301760000000010590000000000424002120000000000000000001060- 0- 0315107016100
Vet Discs2,51026002,830294,180366,5404716,15016110,460946,1706416,3401639,550969,8701016,4505916,79017820,80021811,8301309,1008721,56021216,65016319,17019412,15011814,07014121,49021816,08016918,32019217,43018913,1701419,41010118,8901799,0008113,51013414,98014617,600173
HMT Reagents000000000000000000000000000000000000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0
Medical Discs1,00098,860766,490543,790369,860861,060101,970163,400297,270644,030353,670334,330392,710272,5001999091,970204,440444,480451,420141,020102,0202042041,720172,540272,440261,320142,540271,60017- 0- 04,0303280062,40019
Total Ancillaries121310011361001505001111- 062
Total Instruments70411502934023440234593306032911868380435301650000000000006036040240159040240000000000000000050320- 0- 020100107034220
Total HMT Reagents00000000000000000000000000000000000000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0
Total Discs3,510358,860769,320837,9707216,40013317,21017112,4301109,5709323,61022713,58013113,54013410,7809819,50020523,30023712,82013911,07010726,00025621,13020720,59020813,17012816,09016121,91022217,80018620,86021919,87021514,49015511,95012820,4901969,0008117,54016615,78015220,000192
Total Revenue4463693293074635037945283921311349820523714046849930344912816122319121922015512852792266228414
OTHER INTL REVENUE
Vet Instruments16103161132115514982316013892014018131241612618017118201424229251357725024532155387302096042020125271823622562407563584226145274734537042954334845127948668439
Vet HMT0000000000000000000000001394859211601410622158201438591711514104117821140191291279128125171201372818874817120746
Medical Instruments74810611068215183121122132963428746312203207481496117653221342532120141319171774813821172106225149(10)(38)10782819916124
Vet Discs1,270133,310323,610343,030365,060483,880408,270797,3807410,3201018,1608211,55011513,11513019,83519720,03019221,20020529,64026519,13019029,52028625,10523834,99028636,88032434,34029044,17438649,61542548,70041251,44044657,02048065,86556761,00056169,89563871,96565683,020772
HMT Reagents000000000000000000000000435208015901660121332540817434151291563018034272511402637368195372705036069326624077731058
Medical Discs77071,670162,270222,250181,000252,500252,210232,090212,220242,310231,6101680082,860283,240331,860192,840281,420141,640162,060212,440251,620172,140223,070323,490384,4604710,3001215,1405910,63013712,59014711,11012523,05030116,090196
Total Ancillaries25301110212200128332810211141011
Total Instruments231512617431223161132416844300422722719428189332264833823162624347351210473864459795585437771500573814430548310845538253567422684271086861157157248410163812480591609
Total HMT Reagents000000000000000000000000435208015901660121332540817434151291563018034272511402637368195372705036069326624077731058
Total Discs2,040204,980485,880565,280546,060736,3806510,4801029,4709512,54012510,47010513,16013113,91513822,69522523,27022523,06022432,48029320,55020431,16030227,16525937,43031138,50034136,48031247,24441853,10546353,16046061,74056762,16053976,49570473,59070881,00576395,01595799,110968
Total Revenue1732272821672413663742903143314703006667389797707736787687286836551,0091,0519081,0721,2641,4701,2721,4671,8491,646
11
TOTAL INTL REVENUE
Total Ancillaries251510411001021333622848213102122241613
Total Instruments9356276467714575634783498104629160955107629583543322648338231626243473512104738124819119798694671117405738144305483108455382535674224271086861651,03572484121738134875125829
Total HMT Reagents000000000000000000000000435208015901660121332540817434151291563018034272511402668195372705036069326624077731058
Total Discs5,5505513,84012415,20013913,25012622,46020623,59023622,91021219,04018836,15035224,05023626,70026524,69523642,19543046,57046235,88036343,55040046,55046052,29050947,75546650,60043954,59050258,39053465,04460473,96568273,03067572274,11066796,98590082,59078998,545929110,7951,109119,1101,160
Total Revenue6195966114747048691,1688187064626043988719751,1191,2381,2721,0071,2168568448781,1991,2701,1361,2271,3921,9971,3641,7332,0772,060
TOTAL PRODUCT REVENUE
Total Ancillaries361683866456712111352113182419261830272497158569550
Total Instruments1267961641,0501891,2732241,5802491,7742812,1712821,8292741,7301981,3632161,4881921,3171651,1362281,6622982,2154843,6535924,4584673,6714183,3295234,1045184,2543542,9252672,2163412,7692982,3492352,0453112,5733352,6434613,5213563,1524814,1295214,4895194,425
Total HMT Reagents0000000000000000000000006494591623131757390776801335751141,1262241,0402151,4212981,3812892,1964591,6663532,2304612,0934572,2284642,2564712,7295702,9906232,791581
Total Heartworm00000000000000000000000000000000000010,00034140,80041787,07528097,325224-524-35-650-2- 0- 015,45050- 0- 0- 0- 0
Total Discs35,67035453,35049658,76054077,470709101,240933111,1101,038125,6201,146134,2501,234178,5601,694180,7501,709170,6801,595217,9952,067251,6002,428272,6452,580276,7752,655282,7752,818312,5503,237363,4553,778314,8553,376321,9503,346386,8554,171351,9433,888414,0144,537407,0804,425409,9124,497449,4904,954464,2915,117512,7175,594533,6226,007549,4716,155591,0406,595646,6647,140
Total Product Revenue1,1531,5521,8292,2972,7103,2172,9812,9703,0613,2022,9183,2034,1064,8166,3507,3466,9907,2627,6077,8427,3356,4217,6547,6687,2058,2398,2069,6749,78810,96011,80212,196
Orbos Revenue6926320443549551251871791672623122701840311649025326140434532151132238273286261242
Other Revenue-11-24238822-6213110218517-32-41-9772-48-62-3669102-20199179310150264265277217306
Net Revenue1,2111,8131,8912,3792,7533,2883,0303,1163,2793,4833,1033,4704,4355,0536,4937,2497,0937,3787,5547,4767,5976,7848,0388,2127,4168,7008,48810,17610,32611,52312,28012,744
Vetscans172209160162169209294391279222273232174138209186104156180277164264257303
Piccolos26732381718910118242525401659342567559112394
HMT's00005172172192178185242262155104929672121130117137126141122
198216192165228298484592467418523518354267341298235311335461356481521519
Q1 97Q2 97Q3 97Q4 97Q1 98Q2 98Q3 98Q4 98Q1 99Q2 99Q3 99Q4 99Q1 00Q2 00Q3 00Q4 00Q1 01Q2 01Q3 01Q4 01Q1 02Q2 02Q3 02Q4 02Q1 03Q2 03Q3 03Q4 03Q1 04Q2 04Q3 04Q4 04Q1 05Q2 05Q3 05Q4 05Q1 06Q2 06Q3 06Q4 06Q1 07Q2 07Q3 07Q4 07Q1 08Q2 08Q3 08Q4 08Q1 09Q2 09Q3 09Q4 09Q1 10Q2 10Q3 10Q4 10Q1 11Q2 11Q3 11Q4 11Q1 12Q2 12Q3 12Q4 12Q1 13Q2 13Q3 13Q4 13Q1 14Q2 14Q3 14Q4 14Q1 15Q2 15Q3 15Q4 15Q1 16Q2 16Q3 16Q4 16
Quarterly Sales1.201.801.902.402.703.303.003.103.303.303.103.504.405.006.507.207.107.407.607.507.606.808.008.207.408.708.5010.2010.3011.5012.3012.3013.2013.6012.1013.8014.3017.4017.4019.8020.4021.0022.0222.8122.9325.2025.6926.7424.5727.6926.9626.3429.6330.2631.0133.6635.0035.3035.9037.5036.0040.0037.8542.7242.0044.3049.8050.0043.2045.8540.8142.0047.4853.9059.5055.8753.1055.9852.8856.96
YTD$ 7$ 12$ 13$ 23$ 30$ 31$ 35
Q1 FY97Q2 FY97Q3 FY97Q4 FY97Q1 FY98Q2 FY98Q3 FY98Q4 FY98Q1 FY99Q2 FY99Q3 FY99Q4 FY99Q1 FY00Q2 FY00Q3 FY00Q4 FY00Q1 FY01Q2 FY01Q3 FY01Q4 FY01Q1 FY02Q2 FY02Q3 FY02Q4 FY02Q1 FY03Q2 FY03Q3 FY03Q4 FY03Q1 FY04Q2 FY04Q3 FY04Q4 FY04
Quatterly Rotor Sales (Razorblade)35,67053,35058,76077,470101,240111,110125,620134,250178,560180,750170,680217,995251,600272,645276,775282,775312,550363,455314,855321,950386,855351,943414,014407,080409,912449,490464,291512,717533,622549,471591,040646,664
225,250472,220747,9851,083,7951,312,8101,559,8921,836,410
Quarterly Sales
2.7
3.3
3
3.1
3.3
3.3
3.1
3.5
4.4
5
6.5
7.2
7.1
7.4
7.6
7.5
7.6
6.8
8
8.2
7.4
8.7
8.5
10.2
10.3
11.5
12.3
12.3
13.2
13.6
12.1
13.8
14.3
17.4
17.4
19.8
20.4
21
22.02
22.81
22.93
25.2
25.69
26.74
24.57
27.69
26.96
26.34
29.63
30.26
31.01
33.66
35
35.3
35.9
37.5
36
40
37.85
42.72
42
44.3
49.8
50
43.2
45.85
40.81
42
47.48
53.9
59.5
55.87
53.1
55.975
52.88
56.96
Qtrly Rotors Sales
1.2
1.8
1.9
2.4
2.7
3.3
3
3.1
3.3
3.3
3.1
3.5
4.4
5
6.5
7.2
7.1
7.4
7.6
7.5
7.6
6.8
8
8.2
7.4
8.7
8.5
10.2
10.3
11.5
12.3
12.3
-50
-35
-50
1 28 6
13 14
23 21
30 31 32
4245
49 51 51 51
42 4147 47 48
51 5047 48
51 50 51 5053 54 54
5053 55
58 56 56 56 55 53 5457 55 53 54 55 55
56 56 5859 59
56 57 56 55 54 53 55 54 55 54 52 52 5248 48 47
50 5053
4952
55 57 56 57
-60
-40
-20
0
20
40
60
Q396
Q496
Q197
Q297
Q397
Q497
Q198
Q298
Q398
Q498
Q199
Q299
Q399
Q499
Q100
Q200
Q300
Q400
Q101
Q201
Q301
Q401
Q102
Q202
Q302
Q402
Q103
Q203
Q303
Q403
Q104
Q204
Q304
Q404
Q105
Q205
Q305
Q405
Q106
Q206
Q306
Q406
Q107
Q207
Q307
Q407
Q108
Q208
Q308
Q408
Q109
Q209
Q309
Q409
Q110
Q210
Q310
Q410
Q111
Q211
Q311
Q411
Q112
Q212
Q312
Q412
Q113
Q213
Q313
Q413
Q114
Q214
Q314
Q414
Q115
Q215
Q315
Q415
Q116
Q216
Q316
Q416
The Move
Note: Quarterly Gross Margins for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.
QUARTERLY GROSS MARGINS (%)
34
Chart3
-50
-35
-50
1
2
8
6
13
14
23
21
30
31
32
42
45
49
51
51
51
42
41
47
47
48
51
50
47
48
51
50
51
50
53
54
54
50
53
55
58
56
56
56
55
53
54
57
55
Chart1
-50
-35
-50
1
2
8
6
13
14
23
21
30
31
32
42
45
49
51
51
51
42
41
47
47
48
51
50
47
48
51
50
51
50
53
54
54
50
53
55
58
56
56
56
55
53
54
57
55
53
54
55
55
56
56
57.9
59
59
56
56.6
56
55
54.5
53.4
55
54
55
54
52
52
52
48
48
47
50
50.3
53
49
52
55
57.1
56
56.7
%
58
55
53
58
57
54
53
50
Sheet1
%
Q3 96-50
Q4 96-35
Q1 97-50
Q2 971
Q3 972
Q4 978
Q1 986
Q2 9813
Q3 9814
Q4 9823
Q1 9921
Q2 9930
Q3 9931
Q4 9932
Q1 0042
Q2 0045
Q3 0049
Q4 0051
Q1 0151
Q2 0151
Q3 0142
Q4 0141
Q1 0247
Q2 0247
Q3 0248
Q4 0251
Q1 0350
Q2 0347
Q3 0348
Q4 0351
Q1 0450
Q2 0451
Q3 0450
Q4 0453
Q1 0554
Q2 0554
Q3 0550
Q4 0553
Q1 0655
Q2 0658
Q3 0656
Q4 0656
Q1 0756
Q2 0755
Q3 0753
Q4 0754
Q1 0857
Q2 0855
Q3 0853
Q4 0854
Q1 0955
Q2 0955
Q3 0956
Q4 0956
Q1 1057.9
Q2 1059
Q3 1059
Q4 1056
Q1 1156.6
Q2 1156
Q3 1155
Q4 1154.5
Q1 1253.4
Q2 1255
Q3 1254
Q4 1255
Q1 1354
Q2 1352
Q3 1352
Q4 1352
Q1 1448
Q2 1448
Q3 1447
Q4 1450
Q1 1550.3
Q2 1553
Q3 1549
Q4 1552
Q1 1655
Q2 1657.1
Q3 1656
Q4 1656.7
&A
Page &P
Sheet2
&A
Page &P
Sheet3
&A
Page &P
Sheet4
&A
Page &P
Sheet5
&A
Page &P
Sheet6
&A
Page &P
Sheet7
&A
Page &P
Sheet8
&A
Page &P
Sheet9
&A
Page &P
Sheet10
&A
Page &P
Sheet11
&A
Page &P
Sheet12
&A
Page &P
Sheet13
&A
Page &P
Sheet14
&A
Page &P
Sheet15
&A
Page &P
Sheet16
&A
Page &P
3.25
5.25
7.25
9.25
11.25
13.25
Q4
98
Q1
99
Q2
99
Q3
99
Q4
99
Q1
00
Q2
00
Q3
00
Q4
00
Q1
01
Q2
01
Q3
01
Q4
01
Q1
02
Q2
02
Q3
02
Q4
02
Q1
03
Q2
03
Q3
03
Q4
03
Q1
04
Q2
04
Q3
04
Q4
04
Q1
05
Q2
05
Q3
05
Q4
05
Q1
06
Q2
06
Q3
06
Q4
06
Q1
07
Q2
07
Q3
07
Q4
07
Q1
08
Q2
08
Q3
08
Q4
08
Q1
09
Q2
09
Q3
09
Q4
09
Q1
10
Q2
10
Q3
10
Q4
10
Q1
11
Q2
11
Q3
11
Q4
11
Q1
12
Q2
12
Q3
12
Q4
12
Q1
13
Q2
13
Q3
13
Q4
13
Q1
14
Q2
14
Q3
14
Q4
14
Q1
15
Q2
15
Q3
15
Q4
15
Q1
16
Q2
16
Q3
16
Q4
16
Price
Cost
$12.64
The move to Union City
Q1 royalty expense~ 20 cents per unit
& Line B
$3.47
Margin:$9.17
or 72.5%
Quarter
$
ROTOR ASP VS. COST BY QUARTER
35
Chart2
9.319.66
9.498.7
9.457.32
9.356.96
9.486.71
9.645.66
9.475.15
9.594.85
10.114.6
10.355.05
10.395.27
10.726.87
10.45.68
10.785.36
11.034.97
10.964.88
10.894.68
10.974.84
11.025.54
11.055.09
10.915.03
11.265.14
11.24.94
11.155.02
11.044.79
11.174.78
11.354.63
11.284.62
11.35455974364.7240865616
11.384.63
11.554.62
11.444.43
11.664.62
11.734.73
11.354.69
11.264.37
11.444.17
11.824.13
11.864.42
11.764.34
11.684.42
11.94.33
12.144.4
11.974.26
12.534.5
12.684.03
12.484.04
12.754.09
12.384.12
12.534.02
12.744.07
12.574.14
12.724.38
13.013.98
12.944.01
12.563.72
13.253.93
13.553.89
13.213.87
12.833.77
13.533.76
13.024.12
12.713.92
12.64.11
12.673.9
133.75
13.093.73
13.073.65
12.813.73
12.763.6
12.833.6
12.293.47
12.643.47
ASP
Avg Cost
Sheet1
ASPAvg Cost
Q4 989.319.66
Q1 999.498.70
Q2 999.457.32
Q3 999.356.96
Q4 999.486.71
Q1 009.645.66
Q2 009.475.15
Q3 009.594.85
Q4 0010.114.60
Q1 0110.355.05
Q2 0110.395.27
Q3 0110.726.87
Q4 0110.405.68
Q1 0210.785.36
Q2 0211.034.97
Q3 0210.964.88
Q4 0210.894.68
Q1 0310.974.84
Q2 0311.025.54
Q3 0311.055.09
Q4 0310.915.03
Q1 0411.265.14
Q2 0411.204.94
Q3 0411.155.02
Q4 0411.044.79
Q1 0511.174.78
Q2 0511.354.63
Q3 0511.284.62
Q4 0511.354.72
Q1 0611.384.63
Q2 0611.554.62
Q3 0611.444.43
Q4 0611.664.62
Q1 0711.734.73
Q2 0711.354.69
Q3 0711.264.37
Q4 0711.444.17
Q1 0811.824.13
Q2 0811.864.42
Q3 0811.764.34
Q4 0811.684.42
Q1 0911.904.33
Q2 0912.144.40
Q3 0911.974.26
Q4 0912.534.50
Q1 1012.684.03
Q2 1012.484.04
Q3 1012.754.09
Q4 1012.384.12
Q1 1112.534.02
Q2 1112.744.07
Q3 1112.574.14
Q4 1112.724.38
Q1 1213.013.98
Q2 1212.944.01
Q3 1212.563.72
Q4 1213.253.93
Q1 1313.553.89
Q2 1313.213.87
Q3 1312.833.77
Q4 1313.533.76
Q1 1413.024.12
Q2 1412.713.92
Q3 1412.604.11
Q4 1412.673.90
Q1 1513.003.75
Q2 1513.093.73
Q3 1513.073.65
Q4 1512.813.73
Q1 1612.763.60
Q2 1612.833.60
Q3 1612.293.47
Q4 1612.643.47
&A
Page &P
Sheet2
&A
Page &P
Sheet3
&A
Page &P
Sheet4
&A
Page &P
Sheet5
&A
Page &P
Sheet6
&A
Page &P
Sheet7
&A
Page &P
Sheet8
&A
Page &P
Sheet9
&A
Page &P
Sheet10
&A
Page &P
Sheet11
&A
Page &P
Sheet12
&A
Page &P
Sheet13
&A
Page &P
Sheet14
&A
Page &P
Sheet15
&A
Page &P
Sheet16
&A
Page &P
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50Rotor Volume/Quarter [million]
Goal is $2 Rotor
Rot
or C
ost
ROTOR COST SAVINGS
36
Animal Health Focus is on expandingmarket share in North American from 33%of clinics to 50%
Human Health Abbott in USA
Abaxis Ex-USA except for carve out segments including pharmacy and retailstore clinics, pharma clinical trials, CROs, cruise ship lines
International focus on the Animal Health and targeted Human Health markets.
Abaxis will increase its international sales & marketing expense by$3MM in FY17 (vs. FY16) to expand infrastructure and facilitate growth.
Direct Sales and Marketing in the UK with the acquisition of QCR in November 2014.
CORPORATE STRATEGY
37
1,19
71,
275
1,28
91,
429
1,43
21,
906
1,76
91,
928
1,89
11,
964
1,93
11,
981
1,79
81,
993
1,99
22,
133
2,13
02,
231
2,26
42,
339
2,38
82,
551
2,36
32,
484
2,56
12,
741
2,85
23,
063
3,17
43,
262
3,44
03,
677
3,57
23,
776
4,00
14,
099
4,02
04,
270
3,82
03,
956
4,02
74,
607
4,31
64,
456
4,23
34,
840
4,60
95,
156
4,85
14,
989
4,56
1
5,18
55,
319
6,05
7
5,65
95,
600
5,37
35,
586
6,49
86,
617
6,69
66,
860
7,28
17,
045
7,16
6
4,43
55,
053
6,49
37,
249
7,09
37,
378
7,55
47,
476
7,59
86,
783
8,03
88,
211
7,41
68,
700
8,47
310
,176
10,3
2711
,523
12,2
8012
,748
13,2
4213
,635
12,0
6313
,818
14,2
73 17,4
1317
,444 19,7
9820
,358
21,0
3722
,018
22,8
0822
,931 25,1
9225
,690
26,7
3824
,572 27
,688
26,9
6426
,338 29
,625
30,2
6231
,005 33
,665
34,9
5335
,277
35,9
0637
,540
36,0
03 40,0
2537
,850 4
2,71
842
,014
44,2
5849
,802
49,9
51
45,8
51
42,0
4047
,477
53,9
43 59,5
0255
,873
53,0
90 55,9
7552
,876 56
,960
-661
-505 14
039
144
347
6-5
72 -234 257
44 509 72
830
681 35
286
586
31,
066
1,22
51,
450
2,29
02,
180
1,04
11,
583
1,52
03,
469
2,81
12,
932
3,66
53,
120
3,52
04,
070
4,48
34,
116
4,35
34,
756
4,01
74,
814
4,76
74,
198
5,72
44,
986
5,42
34,
642
5,94
95,
394
5,83
45,
295
3,19
85,
183
5,69
9
5,84
17,
439
8,92
79,
156
6,92
8 10,6
2512
,169
11,2
5512
,305
6,15
7
5,81
1
5,10
3
43,1
69
40,8
10
4,63
76,
439
4,62
3
4,63
6
4,79
3 7,69
18,
986
20,6
66
-$5,000
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
$60,000
Manufacturing Revenues Operating Income
Legal Settlement
Note: The Revenues, Manufacturing Expenses and Operating Income for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.
REVENUES, MANUFACTURING EXPENSES & OPERATING INCOME
38
-$15,000$0
$15,000$30,000$45,000$60,000$75,000$90,000
$105,000$120,000$135,000$150,000$165,000$180,000$195,000$210,000$225,000
$2,948 $7,294$12,555
$13,451$23,376
$29,773$30,631
$34,780$46,874 $52,758
$68,928
$86,221
$100,551$105,562
$124,557
$143,676
$155,994
$180,878
$162,031
$202,593
$218,901
($6,743)($6,549) ($4,650) ($4,162)
($618)
$114 $1,498 $1,573$4,720 $7,096
$10,732 $14,375$17,708$17,795$20,775
$22,649 $23,741
$48,023
$24,228$34,304
$46,354
Revenue Loss Oper. Income
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
($ in
thou
sand
s)
CAGR 24%as of March 31, 2016
2015
Note: The Revenues, Manufacturing Expenses and Operating Income for quarters in fiscal 2012 to fiscal 2015 excludes Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.
2016
ANNUAL P & L SUMMARY
39
Chart1
2948-67431996
7294-65491997
12555-46501998
13451-41621999
23376-6182000
297732001114
3063120021498
3478020031573
4687420044720
5275820057096
68928200610732
86221200714375
100551200817708
105562200917795
124557201020775
143676201122649
155994201223741
180878201348023
162031201424228
202593201534304
218901201646354
Revenue
Loss
Oper. Income
($6,743)
Sheet1
Year199619971998199920002001200220032004200520062007200820092010201120122013201420152016
Revenue2948729412555134512337629773306313478046874527586892886221100551105562124557143,676155,994180,878162,031202,593218,901
Loss-6743-6549-4650-4162-618
Oper. Income11414981573472070961073214375177081779520,77522,64923,74148,02324,22834,30446,354
-$15,000
$0
$15,000
$30,000
$45,000
$60,000
$75,000
$90,000
$105,000
$120,000
$135,000
$150,000
$165,000
$180,000
$195,000
$210,000
$225,000
$2,948 $7,294$12,555
$13,451$23,376
$29,773$30,631
$34,780$46,874 $52,758
$68,928
$86,221
$100,551$105,562
$124,557
$143,676
$156,596
$186,025
$171,870
$216,795 $218,901
($6,743)($6,549) ($4,650)
($4,162)($618)
$114 $1,498 $1,573$4,720 $7,096
$10,732 $14,375$17,708 $17,795 $20,775
$22,472 $19,457
$42,136
$20,799
$32,450
$46,354
Revenue Loss Oper. Income1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
($ in
thou
sand
s)
CAGR 24%as of March 31, 2016
2015
Note: The Revenues, Manufacturing Expenses and Operating Income for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.
2016
ANNUAL P & L SUMMARY:INCL. AVRL OPERATIONS DISCONTINUED IN MARCH 2015
40
AVRL Revenues
Chart1
2948-67431996
7294-65491997
12555-46501998
13451-41621999
23376-6182000
297732001114
3063120021498
3478020031573
4687420044720
5275820057096
68928200610732
86221200714375
100551200817708
105562200917795
124557201020775
143676201122472
156596201219457
186025201342136
171870201420799
216795201532450
218901201646354
Revenue
Loss
Oper. Income
($6,743)
Sheet1
Year199619971998199920002001200220032004200520062007200820092010201120122013201420152016
Revenue2948729412555134512337629773306313478046874527586892886221100551105562124557143,676156,596186,025171,870216,795218,901
Loss-6743-6549-4650-4162-618
Oper. Income11414981573472070961073214375177081779520,77522,47219,45742,13620,79932,45046,354
Unaudited and in Thousands
42
CONSOLIDATED BALANCE SHEETAS OF MARCH 31, 2016
41
Current Assets: Cash & investments $ 129,797 Receivables, net 35,148 Inventories and other current assets 47,253 Total Current Assets 212,198
Long-Term Assets:
Long-term investments 22,458 Investment in unconsolidated affiliate 2,705 Property and equipment, net 26,842 Other assets 7,177
TOTAL ASSETS $ 271,380
Total Current Liabilities: $ 29,172
Total Non-current Liabilities: 5,896
TOTAL LIABILITIES 35,068
Shareholders Equity: Common stock 127,016 Retained earnings 109,303 Accumulated other comprehensive loss (7)Total Shareholders Equity 236,312
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 271,380
$2,514
$4,044
$6,076
$7,301 $7,053
$8,382$9,034
$7,076
$14,930
$7,758
$16,187 $16,073
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
($ in
thou
sand
s)
34%
35%
38%
37%37%
39%
38%
Effective Tax Rate (%)
Provision for Income Tax ($)
35%
35%
35%
37%
Note: Income Taxes for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.
34%
INCOME TAXES
42
Chart1
2514
4044
6076
7301
7053
8382
9034
7076
14930
7758
16187
16073
Sheet1
Year200520062007200820092010201120122013201420152016
Provision for income tax$ 2,514$ 4,044$ 6,076$ 7,301$ 7,053$ 8,382$ 9,034$ 7,07614,9307,75816,18716,073
CORPORATE PRESENTATIONSlide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28Slide Number 29Slide Number 30Slide Number 31Slide Number 32Slide Number 33Slide Number 34Slide Number 35Slide Number 36Slide Number 37Slide Number 38Slide Number 39Slide Number 40Slide Number 41Slide Number 42Slide Number 43