ABAXIS

Abaxis is a leader in the development and commercialization of leading-edge medical device and innovative technology and services that support best medical practices, enabling practitioners to respond to the health needs of their patients, while operating point of care, onsite diagnostics for human and animal health. Clint Severson, CEO/COB voted entrepreneur of the year by Forbes Magazine and voted as one of 200 best companies to work for.

Type

Public

Union City, US

Founded

1995

Size (employees)

549 (est)-5%

Website

abaxis.com

ABAXIS was founded in 1995 and is headquartered in Union City, US

ABAXIS Office Locations

ABAXIS has an office in Union City

Union City, US (HQ)

3240 Whipple Rd

ABAXIS Data and Metrics

ABAXIS Financial Metrics

ABAXIS's revenue was reported to be $227.2 m in FY, 2017 which is a 4% increase from the previous period.

Summary

USD

ABAXIS's current market capitalization is $1.2 b.

Source: SEC Filings

Income Statement

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	171.9 m	202.6 m	218.9 m	227.2 m
Revenue growth, %		18%	8%	4%
Cost of goods sold	78.1 m	93.6 m	95.6 m	101.4 m
Gross profit	93.8 m	109 m	123.3 m	125.8 m
Gross profit Margin, %	55%	54%	56%	55%
Sales and marketing expense				45.2 m
R&D expense				19.8 m
General and administrative expense				16.3 m
Operating expense total	62.3 m	74.7 m	76.9 m	81.4 m
EBIT	20.8 m	34.3 m	46.3 m	44.5 m
EBIT margin, %	12%	17%	21%	20%
Interest income	994 k	(1.3 m)	793 k	6.6 m
Income tax expense	9 m	12.2 m	16.1 m	18.3 m
Net Income	14.2 m	27.3 m	31.6 m	32.7 m

Source: SEC Filings

Balance Sheet

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	73.6 m	107 m	88.3 m	91.3 m
Accounts Receivable	27.3 m	29 m	35.1 m	504
Inventories	27 m	36.2 m	35.1 m	39 m
Current Assets	165.4 m	209.9 m	212.2 m	233.2 m
PP&E	27.2 m	27.3 m	26.8 m	34.3 m
Total Assets	217 m	269.1 m	271.4 m	305.6 m
Accounts Payable	6.1 m	7.3 m	7.3 m	7.5 m
Current Liabilities	16.9 m	41.3 m	29.2 m	33.4 m
Non-Current Liabilities	6.2 m	7.6 m	5.9 m	6 m
Total Liabilities	23.1 m	48.9 m	35.1 m	39.4 m
Retained Earnings	69.3 m	87.6 m	109.3 m	130.3 m
Total Equity	193.9 m	220.2 m	236.3 m	266.2 m
Financial Leverage	1.1 x	1.2 x	1.1 x	1.1 x

Cash Flow

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	14.2 m	27.3 m	31.6 m	32.7 m
Depreciation and Amortization	7.4 m	8.5 m	6.7 m	7.3 m
Inventories	(2.5 m)	(10 m)	74 k	(8.2 m)
Accounts Payable	(2 m)	116 k	(443 k)	238 k
Cash From Operating Activities	35.6 m	36.4 m	28.1 m	33.2 m
Purchases of PP&E	(5.6 m)	(6.1 m)	(5.2 m)	(10.2 m)
Cash From Investing Activities	(13.4 m)	10.1 m	(20.2 m)	(15.9 m)
Dividends Paid		(9 m)	(10 m)	(11.7 m)
Cash From Financing Activities	(4 m)	(11 m)	(26.6 m)	(13.6 m)
Income Taxes Paid	4.9 m	15.9 m	19.9 m	16.9 m

Ratios

USD	Y, 2017
Revenue/Employee	413.9 k
Financial Leverage	1.1 x

ABAXIS Operating Metrics

ABAXIS's Patent Applications was reported to be 80 in FY, 2016

	FY, 2016
Patent Applications	80

Source: SEC Filings

ABAXIS Market Value History

ABAXIS Revenue Breakdown

Market Position of ABAXIS

Competitors

Revenue (FY, 2017)	227.2 m
Revenue growth (FY, 2016 - FY, 2017), %	4%
Gross profit (FY, 2017)	125.8 m
Gross profit margin (FY, 2017), %	55%
Net income (FY, 2017)	32.7 m
EBIT (FY, 2017)	44.5 m
Market capitalization (19-Jul-2017)	1.2 b
Closing share price (19-Jul-2017)	51
Cash (31-Mar-2017)	91.3 m

ABAXIS

ABAXIS Office Locations

ABAXIS Data and Metrics

ABAXIS Financial Metrics

Summary

Revenue (FY, 2017)

Revenue growth (FY, 2016 - FY, 2017), %

Gross profit (FY, 2017)

Gross profit margin (FY, 2017), %

Net income (FY, 2017)

EBIT (FY, 2017)

Market capitalization (19-Jul-2017)

Closing share price (19-Jul-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

Sales and marketing expense

R&D expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest income

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Total Assets

Accounts Payable

Current Liabilities

Non-Current Liabilities

Total Liabilities

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Inventories

Accounts Payable

Cash From Operating Activities

Purchases of PP&E

Cash From Investing Activities

Dividends Paid

Cash From Financing Activities

Income Taxes Paid

Ratios

Revenue/Employee

Financial Leverage

ABAXIS Operating Metrics

Patent Applications

ABAXIS Market Value History

ABAXIS Revenue Breakdown

Market Position of ABAXIS

Competitors

ABAXIS Online and Social Media Presence

ABAXIS Company Life and Culture

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