Abaxis Revenue

Abaxis revenue was $244.70 m in FY, 2018

Embed Graph

Summary - Funding Rounds

Founding Date

1995
Abaxis is a subsidiary of Zoetis

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 Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

171.9m202.6m218.9m227.2m244.7m

Revenue growth, %

18%8%4%

Cost of goods sold

78.1m93.6m95.6m101.4m111.1m

Gross profit

93.8m109.0m123.3m125.8m133.6m

Gross profit Margin, %

55%54%56%55%55%

Sales and marketing expense

42.5m45.2m53.3m

R&D expense

18.4m19.8m23.3m

General and administrative expense

16.0m16.3m18.3m

Operating expense total

76.9m81.4m95.0m

EBIT

20.8m34.3m46.4m44.5m38.7m

EBIT margin, %

12%17%21%20%16%

Interest income

994.0k1.3m793.0k6.6m4.7m

Income tax expense

9.0m12.2m16.1m18.3m16.2m

Net Income

14.2m27.3m31.6m32.7m27.2m

Abaxis Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

73.6m107.0m88.3m91.3m46.3m

Accounts Receivable

28.8m29.0m35.1m504.048.2m

Inventories

27.0m36.2m35.1m39.0m44.1m

Current Assets

165.4m209.9m212.2m233.2m264.2m

PP&E

27.2m27.3m26.8m34.3m35.4m

Total Assets

217.0m269.1m271.4m305.6m341.1m

Accounts Payable

6.1m7.3m7.3m7.5m11.8m

Current Liabilities

16.9m41.3m29.2m33.4m43.9m

Non-Current Liabilities

6.2m7.6m5.9m6.0m6.5m

Total Liabilities

23.1m48.9m35.1m39.4m50.4m

Retained Earnings

69.3m87.6m109.3m130.3m143.9m

Total Equity

193.9m220.2m236.3m266.2m290.7m

Financial Leverage

1.1 x1.2 x1.1 x1.1 x1.2 x

Abaxis Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

14.2m27.3m31.6m32.7m27.2m

Depreciation and Amortization

7.4m8.5m6.7m7.3m8.0m

Inventories

(2.5m)(10.0m)74.0k(8.2m)(8.2m)

Accounts Payable

(2.0m)116.0k(443.0k)238.0k4.2m

Cash From Operating Activities

35.6m36.4m28.1m33.2m43.5m

Purchases of PP&E

(5.6m)(6.1m)(5.2m)(10.2m)(6.0m)

Cash From Investing Activities

(13.4m)10.1m(20.2m)(15.9m)(73.4m)

Dividends Paid

(9.0m)(10.0m)(11.7m)(13.6m)

Cash From Financing Activities

(4.0m)(11.0m)(26.6m)(13.6m)(16.2m)

Income Taxes Paid

4.9m15.9m19.9m16.9m14.5m

Abaxis Operating Metrics

FY, 2016

Patent Applications

80

Abaxis Employee Rating

2.761 votes
Culture & Values
3.2
Work/Life Balance
2.5
Senior Management
3.0
Salary & Benefits
2.8
Career Opportunities
2.7
Source