Unassociated Document
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

April 29, 2010
Date of Report (Date of Earliest Event Reported):

ABAXIS, INC.
(Exact name of registrant as specified in its charter)

California
000-19720
77-0213001
(State or other Jurisdiction of
(Commission File Number)
(I.R.S. Employer
Incorporation)
 
Identification No.)
 
3240 Whipple Road
Union City, CA 94587
(Address of principal executive offices, including zip code)

(510) 675-6500
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
Item 2.02  Results of Operations and Financial Condition.
 
The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
 
On April 29, 2010, Abaxis, Inc. announced its financial results for the fourth quarter and fiscal year ended March 31, 2010 and certain other information.  A copy of Abaxis’ press release announcing these financial results and certain other information is attached hereto as Exhibit 99.1.
 
Use of Non-GAAP Financial Measures
 
To supplement the financial statements presented in accordance with United States generally accepted accounting principles (GAAP), Abaxis uses the following non-GAAP financial measures:  non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, non-GAAP net income per share and non-GAAP operating income per share.  The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.  For more information on these non-GAAP financial measures, refer to the tables captioned “Reconciliations of Non-GAAP Results of Net Income to GAAP Measures” and “Non-GAAP Operating Income Per Share” included at the end of the press release.
 
Item 9.01  Financial Statements and Exhibits.
 
(d) Exhibits.
 
The following exhibit is furnished with this report on Form 8-K:
 
Exhibit No.
 
Description
     
99.1
 
Press release dated April 29, 2010 (furnished pursuant to Item 2.02).

 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date:  April 29, 2010
 
Abaxis, Inc.
 
       
 
By:
/s/ Alberto R. Santa Ines  
   
Alberto R. Santa Ines
 
    Vice President, Finance and Chief Financial Officer  
       

 
 
 

 
 
Abaxis, Inc.

INDEX TO EXHIBITS


Exhibit No.
 
Description
   
     
99.1
 
Press release dated April 29, 2010.