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Abaxis

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Healthcaremedical devicesmedical diagnostics
Abaxis is a provider of medical and veterinary diagnostics solutions. It offers such products as Piccolo Xpress and Reagent Discs, as well as blood analyzers.
Revenue(FY, 2018)
$244.7 M

Employee Rating

3.2More
TypeSubsidiary
Parent CompanyZoetis
HQUnion City, US
Founded1995
Websiteabaxis.com
Cybersecurity ratingDMore
Abaxis was founded in 1995 and is headquartered in Union City, US

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Key People/Management at Abaxis

Matthew Rapp

Matthew Rapp

Vice President, Global Medical Sales and Marketing
Ron Blasig

Ron Blasig

Director of Medical Products
Ed MacDonald

Ed MacDonald

Director of Materials
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Abaxis Office Locations

Abaxis has offices in Union City, Griesheim and York
Union City, US (HQ)
3240 Whipple Rd
Griesheim, DE
Bunsenstraße 9
York, GB
Common Rd & Chessingham Park
Show all (4)

Abaxis Financials and Metrics

Summary Metrics

Founding Date

1995
Abaxis is a subsidiary of Zoetis

Abaxis Revenue

Embed Graph
View revenue for all periods
Abaxis's revenue was reported to be $244.70 m in FY, 2018
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

156.6m186.0m171.9m202.6m218.9m227.2m244.7m

Revenue growth, %

18%8%4%

Cost of goods sold

71.5m87.8m88.8m93.6m95.6m101.4m111.1m

Gross profit

85.1m98.2m83.1m109.0m123.3m125.8m133.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

36.0m40.0m37.9m42.0m44.3m49.8m43.2m45.9m40.8m47.5m53.9m59.5m53.1m56.0m52.9m57.7m58.6m52.8m58.3m58.9m59.7m

Cost of goods sold

16.8m18.0m17.4m19.2m21.1m23.7m22.3m24.0m21.5m23.6m25.5m30.3m23.7m24.0m23.3m25.7m26.3m23.4m26.3m26.7m27.5m

Gross profit

19.2m22.0m20.5m22.8m23.1m26.1m20.9m21.9m19.3m23.9m28.4m29.2m29.4m32.0m29.6m32.0m32.3m29.4m31.9m32.2m32.2m

Gross profit Margin, %

53%55%54%54%52%52%48%48%47%50%53%49%55%57%56%55%55%56%55%55%54%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

45.8m54.9m73.6m107.0m88.3m91.3m46.3m

Accounts Receivable

30.7m40.0m28.8m29.0m35.1m504.048.2m

Prepaid Expenses

5.4m3.3m2.5m2.9m6.4m5.1m

Inventories

19.6m26.8m27.0m36.2m35.1m39.0m44.1m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

45.1m38.0m35.4m56.2m54.1m47.4m67.8m71.4m84.3m87.1m84.6m89.8m77.9m83.6m82.4m87.5m90.4m85.7m91.5m58.9m71.9m

Accounts Receivable

26.4m27.5m26.0m29.0m48.4m36.1m32.3m35.1m28.5m33.3m36.4m31.4m29.2m30.4m33.5m36.9m35.3m35.2m44.0m40.7m40.4m

Prepaid Expenses

3.9m5.1m5.6m3.7m2.1m7.1m2.4m5.8m4.2m1.7m4.0m5.1m2.6m5.7m7.4m4.0m4.8m6.2m4.5m4.8m6.3m

Inventories

18.6m19.1m19.9m20.9m22.1m25.1m27.5m27.4m29.4m27.6m29.0m33.7m34.0m34.5m35.2m35.6m36.2m39.2m40.6m39.1m42.5m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

13.1m27.5m14.2m27.3m31.6m32.7m27.2m

Depreciation and Amortization

5.1m6.3m7.4m8.5m6.7m7.3m8.0m

Inventories

(1.2m)(8.1m)(2.5m)(10.1m)74.0k(8.2m)(8.2m)

Accounts Payable

232.0k1.7m(2.0m)116.0k(443.0k)238.0k4.2m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

2.2m5.5m8.4m2.9m15.8m20.8m3.2m7.2m10.4m4.7m10.1m16.0m7.0m14.8m22.8m6.9m18.3m25.2m6.3m12.9m17.2m

Depreciation and Amortization

1.2m2.4m3.7m1.4m2.9m4.4m1.7m3.6m5.5m2.1m4.2m6.4m1.5m3.3m5.2m1.7m3.5m5.3m2.0m3.9m5.9m

Inventories

(938.0k)41.0k(1.1m)(1.7m)(3.1m)(6.3m)(1.1m)(1.2m)(3.4m)(1.0m)(3.2m)(6.7m)1.9m1.2m159.0k(2.1m)(4.4m)(8.1m)(1.9m)(697.0k)(5.1m)

Accounts Payable

(405.0k)839.0k108.0k1.2m1.8m5.2m(2.0m)(1.1m)(1.5m)941.0k4.1m920.0k(1.8m)(23.0k)155.0k1.1m7.0k1.6m2.7m840.0k5.6m
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USDQ1, 2012

Financial Leverage

1.1 x
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Abaxis Operating Metrics

FY, 2016

Patent Applications

80
Show all operating metrics

Abaxis Revenue Breakdown

Embed Graph

Abaxis revenue breakdown by business segment: 17.3% from Medical Market, 81.2% from Veterinary Market and 1.5% from Other

Abaxis Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

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Abaxis Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Abaxis Online and Social Media Presence

Abaxis's Trends

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Abaxis News and Updates

August 25, 2020

Home Diagnostics Market Status – COVID to Make Big Changes in Estimates | Bionime, Quidel, Siemens, Abaxis

Home Diagnostics Comprehensive Study by Type (Cassette, Strip, Midstream, Digital Monitoring Instrument, Test Panel, Dip Card, Others), Distribution Channels (Offline, Online), Test Kit Type (Glucose Monitoring Devices, Pregnancy Tests, HIV, Ovulation Prediction, Cholesterol, Drug Abuse, Others) Pl…
May 16, 2018

REFILE-UPDATE 5-Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 bln

* Zoetis says diagnostics should grow faster than animal health
May 16, 2018

UPDATE 4-Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 bln

* Zoetis sees diagnostics market racing ahead of animal health
May 16, 2018

UPDATE 2-Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 bln

May 16 (Reuters) - Top animal health company Zoetis Inc will buy Abaxis Inc for $1.9 billion, as it looks to capture a bigger slice of the fast-growing market for veterinary diagnostics services.
May 16, 2018

UPDATE 1-Zoetis to buy veterinary diagnostics firm Abaxis for $1.9 bln

May 16 (Reuters) - Animal health company Zoetis Inc said on Wednesday it would buy Abaxis Inc, a maker of veterinary diagnostic instruments, for about $1.9 billion in cash to bolster its position in the fast-growing diagnostics market.
April 04, 2018

Top Reasons Why I Like Abaxis In 2018

Abaxis Blogs

March 14, 2019

EzyVet

EzyVet skordic Thu, 03/14/2019 - 03:10 pm
October 23, 2018

WVC 2019

Time & Date: Sun, 02/17/2019 - 12:00 pm Event Thumbnail Venue Mandalay Bay Convention Center
October 23, 2018

VMX 2019

Time & Date: Sat, 01/19/2019 - 12:00 pm Event Thumbnail Venue Orange County Convention Center
September 25, 2018

Panels

Panels Panels There are 31 tests in all, and 16 complete chemistry panels available on the Piccolo Xpress menu. 11 of the panels are CLIA waived for easy and convenient operation.  This menu represents over 90% of the routine test…
September 24, 2018

Piccolo Reagent Discs

Piccolo Reagent Discs Piccolo Reagent Discs Born from space technology, Piccolo reagent discs are fully self-contained single-use chemistry panels designed to address a variety of conditions.  Just 3-4 drops of whole blood are r…
September 19, 2018

Piccolo Xpress

Piccolo Xpress Piccolo Xpress Small in size yet big on accuracy, reliability and reproducibility, the Piccolo Xpress delivers real-time blood chemistry diagnostic information for care providers and their patients. …
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 Abaxis Frequently Asked Questions

  • When was Abaxis founded?

    Abaxis was founded in 1995.

  • Who are Abaxis key executives?

    Abaxis's key executives are Matthew Rapp, Ron Blasig and Ed MacDonald.

  • How many employees does Abaxis have?

    Abaxis has 362 employees.

  • What is Abaxis revenue?

    Latest Abaxis annual revenue is $244.7 m.

  • What is Abaxis revenue per employee?

    Latest Abaxis revenue per employee is $676 k.

  • Who are Abaxis competitors?

    Competitors of Abaxis include GenMark Diagnostics, Laborie and Immunodiagnostic Systems.

  • Where is Abaxis headquarters?

    Abaxis headquarters is located at 3240 Whipple Rd, Union City.

  • Where are Abaxis offices?

    Abaxis has offices in Union City, Griesheim and York.

  • How many offices does Abaxis have?

    Abaxis has 4 offices.