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Abaxis Revenue

Abaxis revenue was $244.7 m in FY, 2018

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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

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%

Sales and marketing expense

9.2m9.3m9.9m11.8m11.5m12.4m10.0m9.9m8.7m9.6m11.5m11.7m10.6m10.8m10.4m11.8m11.3m10.6m12.5m12.5m13.7m

R&D expense

3.5m3.0m2.6m3.0m3.6m3.8m3.2m3.4m3.6m3.9m4.2m3.6m4.7m4.7m4.4m5.2m4.9m4.8m6.4m6.1m5.2m

General and administrative expense

3.4m4.5m3.3m3.3m4.6m2.2m3.1m2.9m2.4m2.9m3.8m4.8m3.5m4.3m3.5m4.2m4.4m3.2m4.6m4.2m4.8m

Operating expense total

16.0m16.8m15.8m18.1m2.5m18.4m16.3m16.2m14.7m16.4m19.5m20.0m18.8m19.8m18.3m21.3m20.5m18.6m23.5m22.7m23.6m

EBIT

3.2m5.2m4.6m4.8m20.7m7.7m4.6m5.7m4.6m7.4m8.9m9.2m10.6m12.2m11.3m10.7m11.7m10.8m8.5m9.4m8.6m

EBIT margin, %

9%13%12%11%47%15%11%12%11%16%17%15%20%22%21%19%20%21%15%16%14%

Interest expense

294.0k56.0k91.0k230.0k255.0k293.0k404.0k507.0k235.0k47.0k445.0k197.0k359.0k126.0k231.0k30.0k6.3m52.0k1.3m773.0k878.0k

Investment income

(14.0k)

Pre tax profit

3.5m5.2m4.5m4.6m20.9m8.0m5.0m6.2m4.9m7.5m8.5m9.0m11.0m12.3m11.5m10.7m18.0m10.8m9.8m10.2m9.5m

Income tax expense

1.3m1.9m1.7m1.7m8.0m3.0m1.8m2.2m1.6m2.8m3.1m3.1m4.0m4.5m3.5m3.8m6.5m3.9m3.4m3.6m5.2m

Net Income

2.2m3.3m2.9m2.9m12.9m5.0m3.2m4.0m3.2m4.7m5.4m5.9m7.0m7.8m8.0m6.9m11.4m6.8m6.3m6.6m4.2m

Abaxis Balance Sheet

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

Current Assets

127.4m153.0m165.4m209.9m212.2m233.2m264.2m

PP&E

24.3m25.3m27.2m27.3m26.8m34.3m35.4m

Total Assets

181.8m201.8m217.0m269.1m271.4m305.6m341.1m

Accounts Payable

6.4m8.1m6.1m7.3m7.3m7.5m11.8m

Short-term debt

100.0k

Current Liabilities

17.4m20.0m16.9m41.3m29.2m33.4m43.9m

Long-term debt

783.0k682.0k581.0k480.0k379.0k177.0k

Non-Current Liabilities

4.6m5.6m6.2m7.6m5.9m6.0m6.5m

Total Debt

783.0k782.0k581.0k480.0k379.0k177.0k

Total Liabilities

22.1m25.6m23.1m48.9m35.1m39.4m50.4m

Common Stock

110.1m121.0m124.6m132.6m127.0m147.0m

Preferred Stock

Retained Earnings

49.7m55.1m69.3m87.6m109.3m130.3m143.9m

Total Equity

159.8m176.2m193.9m220.2m236.3m266.2m290.7m

Financial Leverage

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

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

Current Assets

114.1m110.4m112.4m136.0m155.8m142.7m152.5m159.1m169.0m175.0m180.7m186.8m202.2m210.3m215.8m217.6m226.7m223.6m226.8m233.4m250.8m

PP&E

21.5m22.9m23.4m25.2m25.3m25.5m25.6m25.9m26.0m27.7m28.9m29.6m26.8m27.3m27.5m29.3m32.5m33.7m34.3m34.4m34.9m

Total Assets

190.9m170.3m174.0m187.9m209.1m196.1m202.5m208.7m210.9m226.6m235.6m246.5m260.7m268.1m273.3m278.6m288.4m294.0m317.2m319.9m329.5m

Accounts Payable

5.8m7.0m6.2m7.6m8.2m11.5m6.2m7.0m6.6m7.1m10.1m8.6m5.9m7.7m7.9m8.4m7.3m8.9m10.3m8.4m13.2m

Short-term debt

100.0k100.0k100.0k

Current Liabilities

16.6m18.1m16.3m18.6m25.2m24.8m17.5m17.4m17.9m23.5m27.7m30.5m28.8m28.7m27.3m30.6m29.4m28.9m40.0m36.8m42.4m

Long-term debt

725.0k834.0k808.0k758.0k733.0k707.0k657.0k632.0k606.0k556.0k531.0k505.0k455.0k430.0k404.0k354.0k328.0k303.0k253.0k227.0k202.0k

Non-Current Liabilities

3.4m3.8m4.2m4.8m4.9m5.6m5.6m6.5m6.3m6.1m5.9m7.6m7.2m6.9m5.8m5.9m5.9m5.9m6.1m6.1m6.1m

Total Debt

725.0k834.0k808.0k858.0k833.0k807.0k757.0k632.0k606.0k556.0k531.0k505.0k455.0k430.0k404.0k354.0k328.0k303.0k253.0k227.0k202.0k

Total Liabilities

20.0m21.9m20.5m23.5m30.1m30.4m23.1m24.0m24.3m29.5m33.6m38.1m36.0m35.6m33.2m36.5m35.3m34.8m46.1m42.9m48.5m

Common Stock

132.0m106.3m108.6m111.9m113.5m117.2m121.0m122.3m121.0m125.3m127.2m129.8m132.6m135.1m137.3m128.7m130.9m133.3m137.7m140.2m143.6m

Retained Earnings

38.8m42.1m45.0m52.6m65.5m48.4m58.4m62.4m65.6m71.8m74.9m78.6m92.1m97.5m102.9m113.5m122.2m125.9m133.5m136.9m137.5m

Total Equity

170.9m148.4m153.5m164.5m179.0m165.7m179.4m184.7m186.6m197.1m202.1m208.4m224.7m232.5m240.2m242.2m253.1m259.2m271.1m277.1m281.1m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

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

Abaxis Cash Flow

Annual

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

Accounts Receivable

(1.5m)288.0k1.7m1.6m(17.7m)(5.4m)7.7m5.0m11.6m(4.0m)(7.2m)(1.5m)1.3m606.0k(2.4m)(914.0k)765.0k729.0k(3.3m)(38.0k)324.0k

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

Cash From Operating Activities

7.2m12.7m17.3m9.6m13.4m26.1m12.2m14.2m27.2m10.0m16.4m27.8m1.4m9.3m15.5m10.6m16.7m22.3m11.3m24.4m37.2m

Purchases of PP&E

(2.6m)(4.8m)(6.0m)(1.7m)(2.9m)(4.3m)(1.2m)(2.8m)(4.3m)(1.7m)(3.9m)(5.0m)(582.0k)(2.6m)(4.4m)(2.6m)(5.6m)(8.0m)(1.7m)(3.3m)(4.8m)

Cash From Investing Activities

(4.5m)10.2m2.9m1.1m(4.7m)(4.2m)2.9m4.9m7.5m7.2m1.7m(1.9m)(25.6m)(24.5m)(29.1m)(7.5m)(7.2m)(13.8m)(7.2m)(48.9m)(45.0m)

Dividends Paid

(22.0m)(2.2m)(4.5m)(6.8m)(2.5m)(5.0m)(7.5m)(2.7m)(5.4m)(8.6m)(3.2m)(6.3m)(10.0m)

Cash From Financing Activities

(1.2m)(28.3m)(28.1m)(29.0k)(89.0k)(20.2m)(2.3m)(2.8m)(5.8m)(3.7m)(6.5m)(8.7m)(5.3m)(8.4m)(11.1m)(3.7m)(7.2m)(10.4m)(4.5m)(8.7m)(12.5m)

Net Change in Cash

1.6m(5.5m)(8.1m)10.3m8.3m1.6m12.9m16.5m29.4m13.5m11.0m16.2m(29.1m)(23.4m)(24.6m)(797.0k)2.1m(2.7m)141.0k(32.5m)(19.4m)

Income Taxes Paid

215.0k(2.8m)(4.8m)(148.0k)(3.3m)12.2m189.0k4.0m4.6m492.0k7.1m11.1m4.9m13.9m17.6m718.0k10.0m14.8m(660.0k)7.0m11.6m

Abaxis Ratios

USDQ1, 2012

Financial Leverage

1.1 x

Abaxis Operating Metrics

FY, 2016

Patent Applications

80

Abaxis Employee Rating

373 votes
Culture & Values
3.5
Work/Life Balance
3.1
Senior Management
3.3
Salary & Benefits
3
Career Opportunities
3
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