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More information about the Company, including financial information, can be found on the Abatix web site at www.abatix.com. Information about our wholly-owned subsidiary, IESI, can be found on their web site at www.int-enviroguard.com.
ABATIX CORP. is a full line supplier to the construction, industrial and environmental industries. The Company currently has eight distribution centers in Dallas and Houston, Texas, in San Francisco and Los Angeles, California, in Phoenix, Arizona, in Seattle, Washington, in Las Vegas, Nevada and in Jacksonville, Florida. These distribution centers serve customers throughout the Southeast, Southwest, Midwest, Pacific Coast, Alaska and Hawaii.
ABATIX CORP.
SELECTED FINANCIAL INFORMATION
(Unaudited)
Three Months Ended
March 31,
2009 2008
Net sales $13,818,718 $17,227,866
Cost of sales (9,666,825) (12,382,511)
Gross profit 4,151,893 4,845,355
Selling, general and
administrative expenses (4,215,165) (4,608,993)
Operating (loss) profit (63,272) 236,362
Other expense, net (18,707) (77,066)
(Loss) earnings before
income taxes (81,979) 159,296
Income tax benefit (expense) 21,286 (78,965)
Net (loss) earnings $(60,693) $ 80,331
Basic and diluted (loss)
earnings per share $(.03) $.05
Basic and diluted weighted
average shares outstanding 1,811,148 1,711,148
As of:
March 31, December 31,
2009 2008
Current assets $19,289,279 $22,436,120
Total assets $20,451,618 $23,693,441
Current liabilities $5,461,467 $8,942,597
Total liabilities $5,461,467 $8,942,597
Total stockholders' equity $14,990,151 $14,750,844
SOURCE ABATIX CORP.
http://www.abatix.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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