CORPORATE PRESENTATIONFourth Quarter Fiscal Year 2016NASDAQ: ABAX

DISCLAIMERThis corporate presentation includes statements that constitute forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995 (the Reform Act), including but not limited tostatements related to Abaxis cash position, financial resources and potential for future growth, marketacceptance and penetration of new or planned product offerings, and future recurring revenues and results ofoperations. Abaxis claims the protection of the safe-harbor for forward-looking statements contained in theReform Act. These forward-looking statements are often characterized by the terms may, believes,projects, expects, anticipates, or words of similar import, and do not reflect historical facts. Specificforward-looking statements contained in this presentation may be affected by risks and uncertainties,including, but not limited to, those related to risks related to the transition of its U.S. medical sales to Abbott,potential excess inventory levels and inventory imbalances at the companys distributors, losses or systemfailures with respect to Abaxis facilities or manufacturing operations, the effect of exchange rate fluctuationson international operations, fluctuations in quarterly operating results, dependence on sole suppliers, themarket acceptance of Abaxis products and services, the continuing development of its products, requiredUnited States Food and Drug Administration clearance and other government approvals, risks associated withmanufacturing and distributing its products on a commercial scale free of defects, risks related to theintroduction of new instruments manufactured by third parties, risks associated with competing in the humandiagnostic market, risks related to the protection of Abaxis intellectual property or claims of infringement ofintellectual property asserted by third parties and risks related to condition of the United States economy andother risks detailed under Risk Factors in Abaxis annual report on Form 10-K for the fiscal year endedMarch 31, 2015 and Abaxis other periodic reports filed from time to time with the United States Securities andExchange Commission. Forward-looking statements speak only as of the date the statements were made.Abaxis does not undertake and specifically disclaims any obligation to update any forward-lookingstatements.

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ABAXIS BLOOD DIAGNOSTICS Abaxis is a global leader in point-of-care blood diagnostics, serving

both Animal Health and Human Health markets.

Combining the best in on-site diagnostics, single-use rapid tests.

The Piccolo menu features 31 blood chemistry tests. These 31 tests are conveniently configured into 17 completely self contained reagent discs,11 of which are CLIA waived.

The VetScan blood chemistry test menu is configured into 10 reagent discs/panels.

Second largest global point-of-care veterinary diagnostic company with approximately 33% share of clinics in North America

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PERFORMANCE TO DATE Achieved profitability

Expanded manufacturing capacity

Expanded test menu

CLIA waived status

New expanding strategic markets Veterinary National Distribution National Account status with VCA -Antech May 2014 National Account with Banfield Pet Hospital May 2016 Abbott USA Medical Distribution CRO Pharmacy / Retail China

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TOTAL COMPANY SALES

Data as of March 31, 2016

75%

20%

5%

2016 Revenues by Product Category

Consumables

Instruments

Other 81%

17%

2%

2016 Revenues by Segment

Veterinary Market

Medical Market

Other

Fiscal Year 2016 Revenue $219 Million

6

Chart1

75

20

5

Category

2016 Revenues by Product Category

75%

20%

5%

Sheet1

Category

Consumables75

Instruments20

Other5

To resize chart data range, drag lower right corner of range.

Chart1

81

17

2

Segment

2016 Revenues by Segment

81%

17%

2%

Sheet1

Segment

Veterinary Market81

Medical Market17

Other2

To resize chart data range, drag lower right corner of range.

ABAXIS POINT-OF-CARE MEDICAL DIAGNOSTICS

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ABBOTT DISTRIBUTION AGREEMENTAbbott Distributes Piccolo Products In The Human Health Care Market Business partnership to market, sell and distribute Abaxis Piccolo Xpress and medical

reagent discs starting January 2, 2013.

Territory is limited to the U.S.

Exclusive multi-year distribution agreement.

Abaxis will keep certain segments including pharmacy and retail store clinics, shopping malls, pharma clinical trials, contract research organizations (CROs), cruise ship lines and one occupational health screening account.

Abaxis will continue selling Piccolo products in Europe, Japan, China and the rest of the world.

Abaxis will maintain technical support and regulatory services.

Partnership with Abbott brings large market coverage and is more cost effective.

Leverage i-STAT relationship.

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ABAXIS LABORATORY SUITE

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DISTRIBUTION UPDATE

National distributors to market, sell and distribute Abaxis Animal Health products throughout the U.S.:

MWI started January 2, 2013 Patterson Companies Inc. started October 1, 2014 Henry Schein started October 17, 2014

MWI, Patterson, and Henry Schein are the largest animal health distributors in the U.S. and added approximately 725 additionaldistributor reps to the field.

These tier one distributors are providing Abaxis field representatives with significantly greater access to clinics and providing 100%penetration into the North American veterinary market.

Abaxis now has 9 Animal Health Distributors with 900 distributor sales representatives providing 100% coverage of the veterinary market.

MWI, Patterson, and Henry Schein to Distribute Abaxis Animal Health Products

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http://www.pattersoncompanies.com/CompanyOverview

ANTECH PARTNERSHIP

Co-marketing agreement entered in May 2014 was modified with the new distributor landscape

Antech and Abaxis field personnel work together with distribution personnel to identify competitive accounts

Antech and Abaxis provide bundled solutions with reference lab pricing, point-of-care savings, superior products and services to replace competitive offerings neither company could provide on its own

Original co-marketing agreement can still be utilized if necessary

Abaxis sold its AVRL reference lab business to Antech in March 2015 for $21MM.

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VCA, Inc. May 2014 Largest Animal Hospital Chain in the US(based on revenues)

VCA purchased VetScan chemistry instrumentsfor the majority of their 600+ animal hospitals

Currently 500+ VetScans in use

National Account with Banfield Pet Hospital May 2016 Recently initiated installation of Abaxis HM5 hematology

instruments in Banfields 900+ animal hospitals

LARGE NATIONAL ACCOUNT WINS

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WORLDWIDE SALES OF IN-VITRO DIAGNOSTICS

Histology/Cytology2%

Urinalysis2% Blood Grouping/Typing

1%Hematology/Coagulation

11%

Immunoassay33%Clinical Chemistry

32%

All Others11%

Microbiology8%

Total Market = $15.4 Billion

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Chart1

2

2

1

11

33

32

11

8

Sales

Hematology/Coagulation11%

Sheet1

Sales

Histology/Cytology2

Urinalysis2

Blood Grouping/Typing1

Hematology/Coagulation11

Immunoassay33

Clinical Chemistry32

All Others11

Microbiology8

COMPARED TO COMMERCIAL LABORATORIES

See Patient

Prepare syringe/collect blood sample

Label Tube

Wait 20 minutes for blood clot to form

Spin Sample for 10 minutes

Separate sample from blood cells

Label Transport Tube(s)

Fill out necessary lab forms and package tubes for pick-up

Wait up to 4 days for results

While waiting, make best guess and begin temporaryMedical treatment plan. Receive numerous phone calls

from patient requesting lab results. Technician calls lab to request results.

Receive lab results Problem with sample/lab

Review chart andInterpret lab results

Call patient for 2ndappointment to redraw

blood sampleCall patient for 2nd

consultation to reviewresults and establish

medical treatment plan

Start process over again

Keep record of labwork for accurate billing

Keep record of lab work to ensure accurate billing

of inadequate sample

Commercial Laboratories Piccolo xpressvs.

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1. Add Sample

2. Insert Disc

3. Read Results

ABAXIS VS COMPETITORS

14 test results

12.5 min

100 ul of blood

IDEXX

vs.

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KEY SUCCESS FACTORS & GOALS

10% market share

Market coverage Expense management Expanding menu Opening new markets

Pharmacy / Retail & CRO China

Expanding veterinary product line

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AVAILABLE TESTS

Test Total U.S. Test Volume 1995 (millions)

Albumin 134 Glucose 359Alkaline Phosphatase (ALP) 140 Phosphorous 116ALT 61 Protein, Total 136Amylase 23 Uric Acid 130AST 117 Potassium 222Bilirubin, Total & Direct 157 Carbon Dioxide 183BUN 220 Sodium 212Calcium 124 Creatine Kinase(CK) 44Chloride 204 HDL 38Cholesterol 206 Triglycerides 74Creatinine 189 Magnesium 22 LDH 150 LactateGGT 38

Total Tests Available from Abaxis 3,299Total Clinical Chemistry Tests (US) 3,443% of total (US) available from Abaxis 96%

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CMS REIMBURSEMENT PANELS

1. Basic MetabolictCO2, Cre, Cl-,Ca, Glu, K+, BUN, Na+, eGFR*

2. Comprehensive Metabolic PanelALB, ALP, ALT, AST, T Bili, Ca++, Cre, Cl-, Glu, K+, Na+, TP, BUN, CO2

3. ElectrolytestCO2, Cl-, K+, Na+

4. Hepatic FunctionALT, AST, ALP, ALB, TP, T Bili, D Bili

5. LipidTotal Chol, HDL, Trig, Chol/HDL*, VLDL*, nHDLc*, LDL*

6. Renal FunctionALB, CA, CO2, Cl-, Cre, Glu, Phos, K+, Na+, BUN, eGFR*

* calculated value

CLIA Waived (Blue) Not Waived (Red)

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ADDITIONAL MEDICAL PANELS1. Lipid Panel Plus

ALT, AST, Chol, GLE, Chol/HDL, HDL, LDL, Trig, VLDL, nHDLc*

2. General Chemistry 13ALB, ALP, ALT, AST, T Bili, Ca, CRE, GLU, UA, AMY, TP, BUN, GGT, eGFR*

3. Liver Panel PlusALB, ALP, ALT, AMY, AST, GGT, TBIL, TP

4. Kidney CheckBUN, CRE, eGFR*

5. Basic Metabolic PlustCO2, Cl-, K+, BUN, CRE, Ca, GLU, Na+, Mg, LDH, eGFR*

6. Metlyte 8Cl-, K+, Na-, tCO2, BUN, CK, CRE, GLU, eGFR*

7. General Chemistry 6ALT, AST, GGT, BUN, CRE, GLU, eGFR*

8. Biochemistry Panel PlusALB, ALP, ALT, AMY, AST, BUN, Ca, CRE, GGT, GLU, TP, UA, eGFR*,CRP

9. Metlyte Plus CRPCl, K, Na, tCO2, BUN, CK, CRE, GLU, eGFR*, CRP

10. MetLac12ALB, BUN, Ca, Cl-, CRE, GLU, K+, LAC, Mg, Na-, Phos, tCO2

11. AmLyte 13ALB, ALT, AMY, AST, BUN, Ca, CK, CRE, CRP, eGFR*, GLU, K+, Na+, TBIL(For International Use Only. Not for United States Use.)

[ Actual Sample Size Is Just Three Drops ]

*calculated value

CLIA Waived (Blue) Not Waived (Red)

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VETSCAN PROFILES1. Avian/Reptilian Profile Plus

ALB, AST, BA, CA, CK, GLOB, GLU, K+, NA+, PHOS, TP, UA2. Canine Heartworm Antigen Test Kit including Canine Wellness Profile (1)

ALB, ALP, ALT, BUN, CA, CHW, CRE, GLOB, GLU, PHOS, TBIL, TP3. Comprehensive Diagnostic Profile

ALB, ALP, ALT, AMY, BUN, CA, CRE, GLOB, GLU, K+, NA+, PHOS, TBIL, TP4. Critical Care Plus

ALT, BUN, CL-, CRE, GLU, K+, NA+, tCO25. Equine Profile Plus

ALB, AST, BUN, CA, CK, CRE, GGT, GLOB, GLU, K+, NA+, TBIL, tCO2, TP

6. Kidney Profile PlusALB, BUN, CA, CL-, CRE, GLU, K+, NA+, PHOS, tCO2

7. Large Animal ProfileALB, ALP, AST, BUN, CA, CK, GGT, GLOB, MG, PHOS, TP

8. Mammalian Liver ProfileALB, ALP, ALT, BA, BUN, CHOL, GGT, TBIL

9. Prep Profile IIALP, ALT, BUN, CRE, GLU, TP

10. Thyroxine (T4) / Cholesterol ProfileCHOL, T4

______________(1) The panel is offered only on our VetScan VS2.

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Will Increase Sales & Market Share

Single-Use Rapid tests Anaplasma Cleared Ehrlichia Cleared FeLV Cleared FIV Cleared

Phenobarbital on the disc

High sensitivity immunoassay performed on the disc

Abaxis plans to spend an incremental$5MM on R&D in FY17 (vs. FY16)

TEST METHODS & ROTOR CONFIGURATIONS UNDER DEVELOPMENT

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RAPID TEST PREVALENCE MAPS

22

0

3,000

6,000

9,000

12,000

15,000

18,000

21,000

24,000

27,000

30,000

33,000

36,000

39,000

Q298

Q398

Q498

Q199

Q299

Q399

Q499

Q100

Q200

Q300

Q400

Q101

Q201

Q301

Q401

Q102

Q202

Q302

Q402

Q103

Q203

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Q403

Q104

Q204

Q304

Q404

Q105

Q205

Q305

Q405

Q106

Q206

Q306

Q406

Q107

Q207

Q307

Q407

Q108

Q208

Q308

Q408

Q109

Q209

Q309

Q409

Q110

Q210

3Q10

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Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

Chemistry Hematology Coagulation/Specialty & i-STAT

62,355

INSTRUMENTS SHIPPED (RAZOR)(CUMULATIVE UNITS)

23

172 20

916

016

216

9 209

294

391

279

222 2

7323

217

413

8 209

186

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617

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513

680

26 7 32

3 8 17 18 9 10 11 8 24 25 25 40

1660 35 2567 55

9112

394 95

60 5088

5613

910

591

124 17

316

4 183

177

178 2

3821

820

816

724

296

149

143

134

150

163

198 23

517

317

216

8 226 2

6432

425

9 306

183

126

242

238

148

151 2

1169

428

325

524

850

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0

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Vetscan Piccolo

CHEMISTRY INSTRUMENT SALES(UNITS)

24

Chart1

17226

2097

16032

1623

1698

20917

29418

3919

27910

22211

2738

23224

17425

13825

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Vetscan

Piccolo

Sheet1

VetscanPiccoloHMTCoagi-STAT

Q1 9917226

Q2 992097

Q3 9916032

Q4 991623

Q1 00169851

Q2 002091772

Q3 0029418172

Q4 003919192

Q1 0127910178

Q2 0122211185

Q3 012738242

Q4 0123224262

Q1 0217425155

Q2 0213825104

Q3 022094092

Q4 021861696

Q1 031036072

Q2 0315535121

Q3 0318025130

Q4 0327767117

Q1 0416455137

Q2 0426491126

Q3 04257123141

Q4 0430394122

Q1 0524895121

Q2 0526660147

Q3 0525950180

Q4 0530088160

Q1 0631756118

Q2 06269139159

Q3 06412105159

Q4 0636791230

Q1 07398124207

Q2 07294173249

Q3 07539164209

Q4 07382183207

Q1 08332177168

Q2 08297178296

Q3 08341238301

Q4 08385218212

Q1 09415208181

Q2 09361167206

Q3 09403242241

Q4 093459617797

Q1 10388149192104

Q2 1036314321017337

Q3 1057213425615298

Q4 10399150

Q1 11377163

Q2 11383198

Q3 11433235

Q4 11427173

Q1 12367172

Q2 12504168

Q3 12438226

Q4 12456264

Q1 13446324

Q2 13572259

Q3 13545306

Q4 13473183

Q1 14475126

Q2 14577242

Q3 14377238

Q4 14487148

Q1 15617151

Q2 15831211

Q3 151009694

Q4 15481283

Q1 16436255

Q2 16575248

Q3 16513508

Q4 16680320

&A

Page &P

Sheet2

&A

Page &P

0

200

400

600

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1,000

1,200

1,400

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1,800

Q1

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Piccolo Vetscan

CHEMISTRY INSTRUMENT SALES(UNITS)

25

Chart1

17226

2097

16032

1623

1698

20917

29418

3919

27910

22211

2738

23224

17425

13825

20940

18616

10360

15535

18025

27767

16455

26491

257123

30394

24895

26660

25950

30088

31756

269139

412105

36791

398124

294173

539164

382183

332177

297178

341238

385218

415208

361167

403242

34596

388149

363143

572134

399150

377163

383198

433235

427173

367172

504168

438226

456264

446324

572259

545306

473183

475126

577242

377238

487148

617151

831211

1009694

481283

436255

575248

513508

680320

Vetscan

Piccolo

Sheet1

VetscanPiccoloHMTCoagi-STAT

Q1 9917226

Q2 992097

Q3 9916032

Q4 991623

Q1 00169851

Q2 002091772

Q3 0029418172

Q4 003919192

Q1 0127910178

Q2 0122211185

Q3 012738242

Q4 0123224262

Q1 0217425155

Q2 0213825104

Q3 022094092

Q4 021861696

Q1 031036072

Q2 0315535121

Q3 0318025130

Q4 0327767117

Q1 0416455137

Q2 0426491126

Q3 04257123141

Q4 0430394122

Q1 0524895121

Q2 0526660147

Q3 0525950180

Q4 0530088160

Q1 0631756118

Q2 06269139159

Q3 06412105159

Q4 0636791230

Q1 07398124207

Q2 07294173249

Q3 07539164209

Q4 07382183207

Q1 08332177168

Q2 08297178296

Q3 08341238301

Q4 08385218212

Q1 09415208181

Q2 09361167206

Q3 09403242241

Q4 093459617797

Q1 10388149192104

Q2 1036314321017337

Q3 1057213425615298

Q4 10399150

Q1 11377163

Q2 11383198

Q3 11433235

Q4 11427173

Q1 12367172

Q2 12504168

Q3 12438226

Q4 12456264

Q1 13446324

Q2 13572259

Q3 13545306

Q4 13473183

Q1 14475126

Q2 14577242

Q3 14377238

Q4 14487148

Q1 15617151

Q2 15831211

Q3 151009694

Q4 15481283

Q1 16436255

Q2 16575248

Q3 16513508

Q4 16680320

&A

Page &P

Sheet2

&A

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Medical Government

PICCOLO SALES BY QUARTER(UNITS)

26

Chart1

1511

70

321

3Q4 99

71

134

117

81

37

65

44

231

1015

205

139

97

1842

1619

214

5611

1144

4051

7845

7620

5441

3129

3614

6325

4511

9544

996

829

11014

14726

15212

1776

1734

15820

21721

18137

15949

14126

19349

8214

8861

11627

1304

1446

14716

17226

17659

15815

14923

13533

20026

25410

30915

2518

3033

17310

1233

2375

22711

1444

1447

2083

67321

2785

22134

2426

5026

3173

Medical

Government

Sheet1

MedicalGovernment

Q1 991511

Q2 9970

Q3 99321

Q4 993

Q1 0071

Q2 00134

Q3 00117

Q4 0081

Q1 0137

Q2 0165

Q3 0144

Q4 01231

Q1 021015

Q2 02205

Q3 02139

Q4 0297

Q1 031842

Q2 031619

Q3 03214

Q4 035611

Q1 041144

Q2 044051

Q3 047845

Q4 047620

Q1 055441

Q2 053129

Q3 053614

Q4 056325

Q1 064511

Q2 069544

Q3 06996

Q4 06829

Q1 0711014

Q2 0714726

Q3 0715212

Q4 071776

Q1 081734

Q2 0815820

Q3 0821721

Q4 0818137

Q1 0915949

Q2 0914126

Q3 0919349

Q4 098214

Q1 108861

Q2 1011627

Q3 101304

Q4 101446

Q1 1114716

Q2 1117226

Q3 1117659

Q4 1115815

Q1 1214923

Q2 1213533

Q3 1220026

Q4 1225410

Q1 1330915

Q2 132518

Q3 133033

Q4 1317310

Q1 141233

Q2 142375

Q3 1422711

Q4 141444

Q1 151447

Q2 152083

Q3 1567321

Q4 152785

Q1 1622134

Q2 162426

Q3 165026

Q4 163173

Sheet2

Sheet3

Sheet4

U.S. PICCOLO SALES BY MARKET SEGMENT(CUMULATIVE UNITS)

27

0

1,000

2,000

3,000

4,000

5,000

6,000

FY02

FY03

Q104

Q204

Q304

Q404

Q105

Q205

Q305

Q405

Q106

Q206

Q306

Q406

Q107

Q207

Q307

Q407

Q108

Q208

Q308

Q408

Q109

Q209

Q309

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

Mobile Clinics Urgent Care Hospitals GP/FP Oncology Internal Medicine Other Spec

0250,000500,000750,000

1,000,0001,250,0001,500,0001,750,0002,000,0002,250,0002,500,0002,750,000

Q1

99Q

2 99

Q3

99Q

4 99

Q1

00Q

2 00

Q3

00Q

4 00

Q1

01Q

2 01

Q3

01Q

4 01

Q1

02Q

2 02

Q3

02Q

4 02

Q1

03Q

2 03

Q3

03Q

4 03

Q1

04Q

2 04

Q3

04Q

4 04

Q1

05Q

2 05

Q3

05Q

4 05

Q1

06Q

2 06

Q3

06Q

4 06

Q1

07Q

2 07

Q3

07Q

4 07

Q1

08Q

2 08

Q3

08Q

4 08

Q1

09Q

2 09

Q3

09Q

4 09

Q1

10Q

2 10

Q3

10Q

4 10

Q1

11Q

2 11

Q3

11Q

4 11

Q1

12Q

2 12

Q3

12Q

4 12

Q1

13Q

2 13

Q3

13Q

4 13

Q1

14Q

2 14

Q3

14Q

4 14

Q1

15Q

2 15

Q3

15Q

4 15

Q1

16Q

2 16

Q3

16Q

4 16

RestructuredU.S. Vet

Distribution

ROTOR SALES & UTILIZATION GROWTH

28

Chart1

178560Q1 99

180750Q2 99

170680Q3 99

217995Q4 99

251600Q1 00

272645Q2 00

276775Q3 00

282775Q4 00

3049007650

3565556900

3094555400

3162105740

3869457520

3513208780

40235411660

39648010600

39700212910

43069018800

44578118480

47417738540

47876254860

50685142620

53791753123

57890867756

Overall average growth ~ 19.5K per quarterAverage for last 6 quarters ~ 33K per quarter Piccolo rotors 12.2% (1st time over 10%)

Vet

Human

Units

Rotor Sales by Quarter

Chart2

178560

180750

170680

217995

251600

272645

276775

282775

312550

363455

314855

321950

394465

360100

414014

407080

409912

449490

464261

512717

533622

549471

591040

646664

700949

706235

592096

657844

767315

870723

796901

959079

956715

1007003

1005422

1147321

1137848

1244458

1212296

1346074

1179102

1437521

1299951

1358272

1452735

1460678

1276100

1541842

1605181

1517534

1549388

1769510

1592072

1764364

1621800

1793928

1741616

1663439

2084280

1995964

1743058

1640488

1765937

1841716

2057382

2129046

2050340

2273985

2370875

2384083

2312770

2480517

Total

Sheet1

TotalVetHuman

Q1 99178560178560

Q2 99180750180750

Q3 99170680170680

Q4 99217995217995

Q1 00251600251600

Q2 00272645272645

Q3 00276775276775

Q4 00282775282775

Q1 013125503049007650

Q2 013634553565556900

Q3 013148553094555400

Q4 013219503162105740

Q1 023944653869457520

Q2 023601003513208780

Q3 0241401440235411660

Q4 0240708039648010600

Q1 0340991239700212910

Q2 0344949043069018800

Q3 0346426144578118480

Q4 0351271747417738540

Q1 0453362247876254860

Q2 0454947150685142620

Q3 0459104053791753123

Q4 0464666457890867756

Q1 0570094961212888821

Q2 05706235595999110236

Q3 05592096477139114957

Q4 0565784456760890236

Q1 0676731567368593630

Q2 06870723712074158649

Q3 06796901654504142397

Q4 06959079778434180645

Q1 07956715737083219632

Q2 071007003769985237018

Q3 071005422721383284039

Q4 071147321864244283077

Q1 081137848864160273688

Q2 081244458906155338303

Q3 081212296895812316484

Q4 081346074976623369451

Q1 091179102775368403734

Q2 0914375211003408434113

Q3 091299951832663467288

Q4 091358272945808412464

Q1 1014527351023612429123

Q2 101460678970968489710

Q3 101276100889780386320

Q4 101541842959412582430

Q1 1116051811084461520720

Q2 1115175341017924499610

Q3 111549388974568574820

Q4 1117695101148880620630

Q1 1215920721028292563780

Q2 1217643641164684599680

Q3 121621800966360655440

Q4 1217939281229388564540

Q1 1317416161190896550720

Q2 1316634391085459577980

Q3 1320842801320400763880

Q4 1319959641455344540620

Q1 1417430581162748580310

Q2 1416404881005968634520

Q3 1417659371040388725549

Q4 1418417161101876739840

Q1 152,057,3821317492739890

Q2 1521290461403256725790

Q3 1520503401300150750190

Q4 1522739851459235814750

Q1 1623708751542525828350

Q2 1623840831538543845540

Q3 1623127701392500920270

Q4 1624805171547797932720

&A

Page &P

Sheet2

&A

Page &P

Sheet3

&A

Page &P

Sheet4

&A

Page &P

Sheet5

&A

Page &P

Sheet6

&A

Page &P

Sheet7

&A

Page &P

Sheet8

&A

Page &P

Sheet9

&A

Page &P

Sheet10

&A

Page &P

Sheet11

&A

Page &P

Sheet12

&A

Page &P

Sheet13

&A

Page &P

Sheet14

&A

Page &P

Sheet15

&A

Page &P

Sheet16

&A

Page &P

0

250,000

500,000

750,000

1,000,000

1,250,000

1,500,000

1,750,000

2,000,000

2,250,000

2,500,000

2,750,000

Q1

99Q

2 99

Q3

99Q

4 99

Q1

00Q

2 00

Q3

00Q

4 00

Q1

01Q

2 01

Q3

01Q

4 01

Q1

02Q

2 02

Q3

02Q

4 02

Q1

03Q

2 03

Q3

03Q

4 03

Q1

04Q

2 04

Q3

04Q

4 04

Q1

05Q

2 05

Q3

05Q

4 05

Q1

06Q

2 06

Q3

06Q

4 06

Q1

07Q

2 07

Q3

07Q

4 07

Q1

08Q

2 08

Q3

08Q

4 08

Q1

09Q

2 09

Q3

09Q

4 09

Q1

10Q

2 10

Q3

10Q

4 10

Q1

11Q

2 11

Q3

11Q

4 11

Q1

12Q

2 12

Q3

12Q

4 12

Q1

13Q

2 13

Q3

13Q

4 13

Q1

14Q

2 14

Q3

14Q

4 14

Q1

15Q

2 15

Q3

15Q

4 15

Q1

16Q

2 16

Q3

16Q

4 16

Vet Human

ROTOR SALES BY QUARTER

29

Chart1

178560Q1 99

180750Q2 99

170680Q3 99

217995Q4 99

251600Q1 00

272645Q2 00

276775Q3 00

282775Q4 00

3049007650

3565556900

3094555400

3162105740

3869457520

3513208780

40235411660

39648010600

39700212910

43069018800

44578118480

47417738540

47876254860

50685142620

53791753123

57890867756

61212888821

595999110236

477139114957

56760890236

67368593630

712074158649

654504142397

778434180645

737083219632

769985237018

721383284039

864244283077

864160273688

906155338303

895812316484

976623369451

775368403734

1003408434113

832663467288

945808412464

1023612429123

970968489710

889780386320

959412582430

1084461520720

1017924499610

974568574820

1148880620630

1028292563780

1164684599680

966360655440

1229388564540

1190896550720

1085459577980

1320400763880

1455344540620

1162748580310

1005968634520

1040388725549

1101876739840

1317492739890

1403256725790

1300150750190

1459235814750

1542525828350

1538543845540

1392500920270

1547797932720

Vet

Human

Sheet1

VetHumanTOTAL

Q1 99178560178560

Q2 99180750180750

Q3 99170680170680

Q4 99217995217995

Q1 00251600251600

Q2 00272645272645

Q3 00276775276775

Q4 00282775282775

Q1 013049007650312550

Q2 013565556900363455

Q3 013094555400314855

Q4 013162105740321950

Q1 023869457520394465

Q2 023513208780360100

Q3 0240235411660414014

Q4 0239648010600407080

Q1 0339700212910409912

Q2 0343069018800449490

Q3 0344578118480464261

Q4 0347417738540512717

Q1 0447876254860533622

Q2 0450685142620549471

Q3 0453791753123591040

Q4 0457890867756646664

Q1 0561212888821700949

Q2 05595999110236706235

Q3 05477139114957592096

Q4 0556760890236657844

Q1 0667368593630767315

Q2 06712074158649870723

Q3 06654504142397796901

Q4 06778434180645959079

Q1 07737083219632956715

Q2 077699852370181007003

Q3 077213832840391005422

Q4 078642442830771147321

Q1 088641602736881137848

Q2 089061553383031244458

Q3 088958123164841212296

Q4 089766233694511346074

Q1 097753684037341179102

Q2 0910034084341131437521

Q3 098326634672881299951

Q4 099458084124641358272

Q1 1010236124291231452735

Q2 109709684897101460678

Q3 108897803863201276100

Q4 10959,4125824301541842

Q1 1110844615207201605181

Q2 111017924499,6101517534

Q3 119745685748201549388

Q4 1111488806206301769510

Q1 1210282925637801592072

Q2 1211646845996801764364

Q3 129663606554401621800

Q4 1212293885645401793928

Q1 1311908965507201741616

Q2 1310854595779801663439

Q3 1313204007638802084280

Q4 1314553445406201995964

Q1 1411627485803101743058

Q2 1410059686345201640488

Q3 1410403887255491765937

Q4 141,101,876739,8401841716

Q1 1513174927398902057382

Q2 1514032567257902129046

Q3 1513001507501902050340

Q4 1514592358147502273985

Q1 1615425258283502370875

Q2 1615385438455402384083

Q3 1613925009202702312770

Q4 1615477979327202480517

&A

Page &P

Sheet2

&A

Page &P

Sheet3

&A

Page &P

Sheet4

&A

Page &P

Sheet5

&A

Page &P

Sheet6

&A

Page &P

Sheet7

&A

Page &P

Sheet8

&A

Page &P

Sheet9

&A

Page &P

Sheet10

&A

Page &P

Sheet11

&A

Page &P

Sheet12

&A

Page &P

Sheet13

&A

Page &P

Sheet14

&A

Page &P

Sheet15

&A

Page &P

Sheet16

&A

Page &P

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Q100

Q200

Q300

Q400

Q101

Q201

Q301

Q401

Q102

Q202

Q302

Q402

Q103

Q203

Q303

Q403

Q104

Q204

Q304

Q404

Q105

Q205

Q305

Q405

Q106

Q206

Q306

Q406

Q107

Q207

Q307

Q407

Q108

Q208

Q308

Q408

Q109

Q209

Q309

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

QUARTERLY ROTOR UNITS

30

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

550,000

600,000

650,000

700,000

750,000

800,000

850,000

900,000

950,000

Q1

01Q

2 01

Q3

01Q

4 01

Q1

02Q

2 02

Q3

02Q

4 02

Q1

03Q

2 03

Q3

03Q

4 03

Q1

04Q

2 04

Q3

04Q

4 04

Q1

05Q

2 05

Q3

05Q

4 05

Q1

06Q

2 06

Q3

06Q

4 06

Q1

07Q

2 07

Q3

07Q

4 07

Q1

08Q

2 08

Q3

08Q

4 08

Q1

09Q

2 09

Q3

09Q

4 09

Q1

10Q

2 10

Q3

10Q

4 10

Q1

11Q

2 11

Q3

11Q

4 11

Q1

12Q

2 12

Q3

12Q

4 12

Q1

13Q

2 13

Q3

13Q

4 13

Q1

14Q

2 14

Q3

14Q

4 14

Q1

15Q

2 15

Q3

15Q

4 15

Q1

16Q

2 16

Q3

16Q

4 16

Non-Military Military

HUMAN ROTOR SALES BY QUARTER(UNITS)

31

Chart1

61401510

6430470

39801420

46101130

58001720

74301350

94902170

87101890

105002410

111307670

108007680

1475023790

1573039170

2699015630

3178021600

5250026630

4836041090

5192658310

5499759960

6825621980

7426019370

9403964610

10383738560

13651544130

17185247780

18584851170

22709956940

23329749780

23115842530

28551352790

26751448970

33178137670

35490548829

39282341290

43903828250

37507437390

38034348780

45297036740

35505031270

53293049500

48689033830

46457035040

52408050740

59265027980

51556048220

55031049370

62747027970

53473029810

51582034900

54722030760

73862025260

51438026240

55592024390

61437020150

71094914600

72770012140

72880011090

71485010940

7402609930

8074707280

81575012600

83186013680

90820012070

92130011420

Non-Military

Military

Sheet1

Q1 01Q2 01Q3 01Q4 01Q1 02Q2 02Q3 02Q4 02Q1 03Q2 03Q3 03Q4 03Q1 04Q2 04Q3 04Q4 04Q1 05Q2 05Q3 05Q4 05Q1 06Q2 06Q3 06Q4 06Q1 07Q2 07Q3 07Q4 07Q1 08Q2 08Q3 08Q4 08Q1 09Q2 09Q3 09Q4 09Q1 10Q2 10Q3 10Q4 10Q1 11Q2 11Q3 11Q4 11Q1 12Q2 12Q3 12Q4 12Q1 13Q2 13Q3 13Q4 13Q1 14Q2 14Q3 14Q4 14Q1 15Q2 15Q3 15Q4 15Q1 16Q2 16Q3 16Q4 16

Non-Military614064303980461058007430949087101050011130108001475015730269903178052500483605192654997682567426094039103837136515171852185848227099233297231158285513267514331781354905392823439038375074380343452970355050532,930486,890464,570524,080592,650515,560550,310627,470534,730515,820547,220738,620514,380555,920614,370710,949727,700728,800714,850740,260807,470815,750831,860908,200921,300

Military15104701420113017201350217018902410767076802379039170156302160026630410905831059960219801937064610385604413047780511705694049780425305279048970376704882941290282503739048780367403127049,50033,83035,04050,74027,98048,22049,37027,97029,81034,90030,76025,26026,24024,39020,15014,60012,14011,09010,9409930.007,28012,60013,68012,07011,420

$3,037

$7,119 $8,095 $10,888

$17,455

$22,764 $24,796 $24,176

$29,146 $30,404

$31,643

$28,134

$35,364 $37,845

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

($ in

thou

sand

s)

CAGR 21%as of March 31, 2016

MEDICAL MARKET SALES

32

Chart1

3037

7119

8095

10888

17455

22764

24796

24176

29146

30404

31643

28133

35364

37845

$28,134

Sheet1

Medical Sales

AmountAmount

Q103$7962003$3,037

Q203$5812004$7,119

Q303$4952005$8,095

Q403$1,1652006$10,888

Q104$1,6072007$17,455

Q204$1,6182008$22,764

Q304$2,0802009$24,796

Q404$1,8142010$24,176

Q105$2,2402011$29,146

Q205$1,9832012$30,404

Q305$1,8772013$31,643

Q405$1,995201428,133

Q106$1,6742015$35,364

Q206$3,3472016$ 37,845

Q306$2,858

Q406$3,009

Q107$3,730

Q207$4,120

Q307$4,656

Q407$4,949

Q108$4,807

Q208$5,643

Q308$6,005

Q408$6,309

Q109$6,529

Q209$6,015

Q309$7,175

Q409$5,077

Q110$5,763

Q210$6,345

Q310$5,172

Q410$6,896

2011$13,295

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

$45.0

$50.0

$55.0

$60.0

Q1

98Q

2 98

Q3

98Q

4 98

Q1

99Q

2 99

Q3

99Q

4 99

Q1

00Q

2 00

Q3

00Q

4 00

Q1

01Q

2 01

Q3

01Q

4 01

Q1

02Q

2 02

Q3

02Q

4 02

Q1

03Q

2 03

Q3

03Q

4 03

Q1

04Q

2 04

Q3

04Q

4 04

Q1

05Q

2 05

Q3

05Q

4 05

Q1

06Q

2 06

Q3

06Q

4 06

Q1

07Q

2 07

Q3

07Q

4 07

Q1

08Q

2 08

Q3

08Q

4 08

Q1

09Q

2 09

Q3

09Q

4 09

Q1

10Q

2 10

Q3

10Q

4 10

Q1

11Q

2 11

Q3

11Q

4 11

Q1

12Q

2 12

Q3

12Q

4 12

Q1

13Q

2 13

Q3

13Q

4 13

Q1

14Q

2 14

Q3

14Q

4 14

Q1

15Q

2 15

Q3

15Q

4 15

Q1

16Q

2 16

Q3

16Q

4 16

(Mill

ions

of $

)

CAGR 24%as of March 31, 2016

Note: Quarterly Sales for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.

QUARTERLY SALES

33

Data Page

ABAXIS, INC.

REVENUE DETAIL

By Quarters

Q1 97Q1 97Q297Q297Q3 97Q3 97Q4 97Q4 97Q1 98Q1 98Q2 98Q2 98Q3 98Q3 98Q4 98Q4 98Q1 99Q1 99Q2 99Q2 99Q3 99Q3 99Q4 99Q4 99Q1 00Q1 00Q2 00Q2 00Q3 00Q3 00Q4 00Q4 00Q1 01Q1 01Q2 01Q2 01Q3 01Q3 01Q4 01Q4 01Q1 02Q1 02Q2 02Q2 02Q3 02Q3 02Q4 02Q4 02Q1 03Q1 03Q2 03Q2 03Q3 03Q3 03Q4 03Q4 03Q1 04Q1 04Q2 2004Q3 FY04Q4 2004

Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)Units$ (000)

US REVENUE

Vet Instruments3121688583114774129829121809835661158001641,0691288821831,2621439691429741278991581,1112221,5532902,1121841,4281791,3941731,3342121,6661471,1361027931471,128130951624871118431078071671,2221108191631,2501781,3402171,658

Vet HMT00000000000000000000000038319645511511,2891781,5271561,3621651,4172341,9762452,1481411,252938627164377753605861091,020105956978551091,0151191,1231241,1581151,097

Medical Instruments218004423940445467949767743321212700110001103427730088455255445922232242513944591114655123283151943240965834781,018851,11662841

Vet Discs29,89029639,49037243,36039963,10056876,65069886,560787102,200927114,4101,035141,8201,333154,1701,439143,4401,322191,7601,810207,6151,973224,9952,104239,1752,268236,5852,381264,2202,752310,3853,258265,1802,884269,0902,875328,3853,615287,8233,275342,1003,836328,5453,680331,0723,743366,0804,134379,4414,302389,4424,365408,7624,686423,4464,913450,9155,178477,8145,487

HMT Reagents000000000000000000000000214438821622741330665471085351069521908891861,2652681,2012551,9244081,5263261,8573931,8984201,9584141,8964022,4035082,5835462,481523

Heartworm00000000000000000000000000000000000010,00034140,80041787,07528097,325224-524-35-650-2- 0- 015,45050- 0- 0- 0- 0

Medical Discs230320020021,120152,130299601551078001159092,5303454081,540211,790251,080151,720242,640371,78025780111,920262,260323,880545,730796,870974,570635,810797,1809810,74014826,29032942,27053227,48031329,33030849,740493

Total Ancillaries111734554551251181021511161615181617172285136527937

Total Instruments33234885831188161681,2331661,2761771,5421228741671,1011401,0091831,2621449791429741661,2282251,7033802,9154683,6393482,8743492,8634123,3644613,8733102,6202191,9062572,2162161,8141681,6242432,1462271,9572962,4862842,6683603,3913873,6143943,596

Total HMT Reagents000000000000000000000000214438821622741330665471085351069521908891861,2652681,2012551,9244081,5263261,8573931,8984201,9584141,8964022,4035082,5835462,481523

Total Heartworm00000000000000000000000000000000000010,00034140,80041787,07528097,325224-524-35-650-2- 0- 015,45050- 0- 0- 0- 0

Total Discs30,12029939,51037243,56040164,22058378,78072787,520802102,710934115,2101,046142,4101,342156,7001,473143,9801,330193,3001,831209,4051,998226,0752,118240,8952,292239,2252,418266,0002,776311,1653,269267,1002,910271,3502,907332,2653,669293,5533,354348,9703,933333,1153,743336,8823,822373,2604,232390,1814,450415,7324,694451,0325,218450,9265,226480,2455,486527,5545,980

Total Revenue5349561,2181,8232,0062,3481,8132,1522,3552,7402,3142,8173,2353,8405,2316,1085,7186,2556,3916,9866,4915,5436,4556,3986,0527,0126,8147,6778,4249,2279,72510,136

JAPANESE REVENUE

Vet Instruments2011820117105810585933060329118683804352010600000000005633640240137840240000000000000000040260- 0- 01785- 0- 018120

Vet HMT000000000000000000000000000000000000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0

Medical Instruments502933017630176301760000000010590000000000424002120000000000000000001060- 0- 0315107016100

Vet Discs2,51026002,830294,180366,5404716,15016110,460946,1706416,3401639,550969,8701016,4505916,79017820,80021811,8301309,1008721,56021216,65016319,17019412,15011814,07014121,49021816,08016918,32019217,43018913,1701419,41010118,8901799,0008113,51013414,98014617,600173

HMT Reagents000000000000000000000000000000000000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0

Medical Discs1,00098,860766,490543,790369,860861,060101,970163,400297,270644,030353,670334,330392,710272,5001999091,970204,440444,480451,420141,020102,0202042041,720172,540272,440261,320142,540271,60017- 0- 04,0303280062,40019

Total Ancillaries121310011361001505001111- 062

Total Instruments70411502934023440234593306032911868380435301650000000000006036040240159040240000000000000000050320- 0- 020100107034220

Total HMT Reagents00000000000000000000000000000000000000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0

Total Discs3,510358,860769,320837,9707216,40013317,21017112,4301109,5709323,61022713,58013113,54013410,7809819,50020523,30023712,82013911,07010726,00025621,13020720,59020813,17012816,09016121,91022217,80018620,86021919,87021514,49015511,95012820,4901969,0008117,54016615,78015220,000192

Total Revenue4463693293074635037945283921311349820523714046849930344912816122319121922015512852792266228414

OTHER INTL REVENUE

Vet Instruments16103161132115514982316013892014018131241612618017118201424229251357725024532155387302096042020125271823622562407563584226145274734537042954334845127948668439

Vet HMT0000000000000000000000001394859211601410622158201438591711514104117821140191291279128125171201372818874817120746

Medical Instruments74810611068215183121122132963428746312203207481496117653221342532120141319171774813821172106225149(10)(38)10782819916124

Vet Discs1,270133,310323,610343,030365,060483,880408,270797,3807410,3201018,1608211,55011513,11513019,83519720,03019221,20020529,64026519,13019029,52028625,10523834,99028636,88032434,34029044,17438649,61542548,70041251,44044657,02048065,86556761,00056169,89563871,96565683,020772

HMT Reagents000000000000000000000000435208015901660121332540817434151291563018034272511402637368195372705036069326624077731058

Medical Discs77071,670162,270222,250181,000252,500252,210232,090212,220242,310231,6101680082,860283,240331,860192,840281,420141,640162,060212,440251,620172,140223,070323,490384,4604710,3001215,1405910,63013712,59014711,11012523,05030116,090196

Total Ancillaries25301110212200128332810211141011

Total Instruments231512617431223161132416844300422722719428189332264833823162624347351210473864459795585437771500573814430548310845538253567422684271086861157157248410163812480591609

Total HMT Reagents000000000000000000000000435208015901660121332540817434151291563018034272511402637368195372705036069326624077731058

Total Discs2,040204,980485,880565,280546,060736,3806510,4801029,4709512,54012510,47010513,16013113,91513822,69522523,27022523,06022432,48029320,55020431,16030227,16525937,43031138,50034136,48031247,24441853,10546353,16046061,74056762,16053976,49570473,59070881,00576395,01595799,110968

Total Revenue1732272821672413663742903143314703006667389797707736787687286836551,0091,0519081,0721,2641,4701,2721,4671,8491,646

11

TOTAL INTL REVENUE

Total Ancillaries251510411001021333622848213102122241613

Total Instruments9356276467714575634783498104629160955107629583543322648338231626243473512104738124819119798694671117405738144305483108455382535674224271086861651,03572484121738134875125829

Total HMT Reagents000000000000000000000000435208015901660121332540817434151291563018034272511402668195372705036069326624077731058

Total Discs5,5505513,84012415,20013913,25012622,46020623,59023622,91021219,04018836,15035224,05023626,70026524,69523642,19543046,57046235,88036343,55040046,55046052,29050947,75546650,60043954,59050258,39053465,04460473,96568273,03067572274,11066796,98590082,59078998,545929110,7951,109119,1101,160

Total Revenue6195966114747048691,1688187064626043988719751,1191,2381,2721,0071,2168568448781,1991,2701,1361,2271,3921,9971,3641,7332,0772,060

TOTAL PRODUCT REVENUE

Total Ancillaries361683866456712111352113182419261830272497158569550

Total Instruments1267961641,0501891,2732241,5802491,7742812,1712821,8292741,7301981,3632161,4881921,3171651,1362281,6622982,2154843,6535924,4584673,6714183,3295234,1045184,2543542,9252672,2163412,7692982,3492352,0453112,5733352,6434613,5213563,1524814,1295214,4895194,425

Total HMT Reagents0000000000000000000000006494591623131757390776801335751141,1262241,0402151,4212981,3812892,1964591,6663532,2304612,0934572,2284642,2564712,7295702,9906232,791581

Total Heartworm00000000000000000000000000000000000010,00034140,80041787,07528097,325224-524-35-650-2- 0- 015,45050- 0- 0- 0- 0

Total Discs35,67035453,35049658,76054077,470709101,240933111,1101,038125,6201,146134,2501,234178,5601,694180,7501,709170,6801,595217,9952,067251,6002,428272,6452,580276,7752,655282,7752,818312,5503,237363,4553,778314,8553,376321,9503,346386,8554,171351,9433,888414,0144,537407,0804,425409,9124,497449,4904,954464,2915,117512,7175,594533,6226,007549,4716,155591,0406,595646,6647,140

Total Product Revenue1,1531,5521,8292,2972,7103,2172,9812,9703,0613,2022,9183,2034,1064,8166,3507,3466,9907,2627,6077,8427,3356,4217,6547,6687,2058,2398,2069,6749,78810,96011,80212,196

Orbos Revenue6926320443549551251871791672623122701840311649025326140434532151132238273286261242

Other Revenue-11-24238822-6213110218517-32-41-9772-48-62-3669102-20199179310150264265277217306

Net Revenue1,2111,8131,8912,3792,7533,2883,0303,1163,2793,4833,1033,4704,4355,0536,4937,2497,0937,3787,5547,4767,5976,7848,0388,2127,4168,7008,48810,17610,32611,52312,28012,744

Vetscans172209160162169209294391279222273232174138209186104156180277164264257303

Piccolos26732381718910118242525401659342567559112394

HMT's00005172172192178185242262155104929672121130117137126141122

198216192165228298484592467418523518354267341298235311335461356481521519

Q1 97Q2 97Q3 97Q4 97Q1 98Q2 98Q3 98Q4 98Q1 99Q2 99Q3 99Q4 99Q1 00Q2 00Q3 00Q4 00Q1 01Q2 01Q3 01Q4 01Q1 02Q2 02Q3 02Q4 02Q1 03Q2 03Q3 03Q4 03Q1 04Q2 04Q3 04Q4 04Q1 05Q2 05Q3 05Q4 05Q1 06Q2 06Q3 06Q4 06Q1 07Q2 07Q3 07Q4 07Q1 08Q2 08Q3 08Q4 08Q1 09Q2 09Q3 09Q4 09Q1 10Q2 10Q3 10Q4 10Q1 11Q2 11Q3 11Q4 11Q1 12Q2 12Q3 12Q4 12Q1 13Q2 13Q3 13Q4 13Q1 14Q2 14Q3 14Q4 14Q1 15Q2 15Q3 15Q4 15Q1 16Q2 16Q3 16Q4 16

Quarterly Sales1.201.801.902.402.703.303.003.103.303.303.103.504.405.006.507.207.107.407.607.507.606.808.008.207.408.708.5010.2010.3011.5012.3012.3013.2013.6012.1013.8014.3017.4017.4019.8020.4021.0022.0222.8122.9325.2025.6926.7424.5727.6926.9626.3429.6330.2631.0133.6635.0035.3035.9037.5036.0040.0037.8542.7242.0044.3049.8050.0043.2045.8540.8142.0047.4853.9059.5055.8753.1055.9852.8856.96

YTD$ 7$ 12$ 13$ 23$ 30$ 31$ 35

Q1 FY97Q2 FY97Q3 FY97Q4 FY97Q1 FY98Q2 FY98Q3 FY98Q4 FY98Q1 FY99Q2 FY99Q3 FY99Q4 FY99Q1 FY00Q2 FY00Q3 FY00Q4 FY00Q1 FY01Q2 FY01Q3 FY01Q4 FY01Q1 FY02Q2 FY02Q3 FY02Q4 FY02Q1 FY03Q2 FY03Q3 FY03Q4 FY03Q1 FY04Q2 FY04Q3 FY04Q4 FY04

Quatterly Rotor Sales (Razorblade)35,67053,35058,76077,470101,240111,110125,620134,250178,560180,750170,680217,995251,600272,645276,775282,775312,550363,455314,855321,950386,855351,943414,014407,080409,912449,490464,291512,717533,622549,471591,040646,664

225,250472,220747,9851,083,7951,312,8101,559,8921,836,410

Quarterly Sales

2.7

3.3

3

3.1

3.3

3.3

3.1

3.5

4.4

5

6.5

7.2

7.1

7.4

7.6

7.5

7.6

6.8

8

8.2

7.4

8.7

8.5

10.2

10.3

11.5

12.3

12.3

13.2

13.6

12.1

13.8

14.3

17.4

17.4

19.8

20.4

21

22.02

22.81

22.93

25.2

25.69

26.74

24.57

27.69

26.96

26.34

29.63

30.26

31.01

33.66

35

35.3

35.9

37.5

36

40

37.85

42.72

42

44.3

49.8

50

43.2

45.85

40.81

42

47.48

53.9

59.5

55.87

53.1

55.975

52.88

56.96

Qtrly Rotors Sales

1.2

1.8

1.9

2.4

2.7

3.3

3

3.1

3.3

3.3

3.1

3.5

4.4

5

6.5

7.2

7.1

7.4

7.6

7.5

7.6

6.8

8

8.2

7.4

8.7

8.5

10.2

10.3

11.5

12.3

12.3

-50

-35

-50

1 28 6

13 14

23 21

30 31 32

4245

49 51 51 51

42 4147 47 48

51 5047 48

51 50 51 5053 54 54

5053 55

58 56 56 56 55 53 5457 55 53 54 55 55

56 56 5859 59

56 57 56 55 54 53 55 54 55 54 52 52 5248 48 47

50 5053

4952

55 57 56 57

-60

-40

-20

0

20

40

60

Q396

Q496

Q197

Q297

Q397

Q497

Q198

Q298

Q398

Q498

Q199

Q299

Q399

Q499

Q100

Q200

Q300

Q400

Q101

Q201

Q301

Q401

Q102

Q202

Q302

Q402

Q103

Q203

Q303

Q403

Q104

Q204

Q304

Q404

Q105

Q205

Q305

Q405

Q106

Q206

Q306

Q406

Q107

Q207

Q307

Q407

Q108

Q208

Q308

Q408

Q109

Q209

Q309

Q409

Q110

Q210

Q310

Q410

Q111

Q211

Q311

Q411

Q112

Q212

Q312

Q412

Q113

Q213

Q313

Q413

Q114

Q214

Q314

Q414

Q115

Q215

Q315

Q415

Q116

Q216

Q316

Q416

The Move

Note: Quarterly Gross Margins for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.

QUARTERLY GROSS MARGINS (%)

34

Chart3

-50

-35

-50

1

2

8

6

13

14

23

21

30

31

32

42

45

49

51

51

51

42

41

47

47

48

51

50

47

48

51

50

51

50

53

54

54

50

53

55

58

56

56

56

55

53

54

57

55

Chart1

-50

-35

-50

1

2

8

6

13

14

23

21

30

31

32

42

45

49

51

51

51

42

41

47

47

48

51

50

47

48

51

50

51

50

53

54

54

50

53

55

58

56

56

56

55

53

54

57

55

53

54

55

55

56

56

57.9

59

59

56

56.6

56

55

54.5

53.4

55

54

55

54

52

52

52

48

48

47

50

50.3

53

49

52

55

57.1

56

56.7

%

58

55

53

58

57

54

53

50

Sheet1

%

Q3 96-50

Q4 96-35

Q1 97-50

Q2 971

Q3 972

Q4 978

Q1 986

Q2 9813

Q3 9814

Q4 9823

Q1 9921

Q2 9930

Q3 9931

Q4 9932

Q1 0042

Q2 0045

Q3 0049

Q4 0051

Q1 0151

Q2 0151

Q3 0142

Q4 0141

Q1 0247

Q2 0247

Q3 0248

Q4 0251

Q1 0350

Q2 0347

Q3 0348

Q4 0351

Q1 0450

Q2 0451

Q3 0450

Q4 0453

Q1 0554

Q2 0554

Q3 0550

Q4 0553

Q1 0655

Q2 0658

Q3 0656

Q4 0656

Q1 0756

Q2 0755

Q3 0753

Q4 0754

Q1 0857

Q2 0855

Q3 0853

Q4 0854

Q1 0955

Q2 0955

Q3 0956

Q4 0956

Q1 1057.9

Q2 1059

Q3 1059

Q4 1056

Q1 1156.6

Q2 1156

Q3 1155

Q4 1154.5

Q1 1253.4

Q2 1255

Q3 1254

Q4 1255

Q1 1354

Q2 1352

Q3 1352

Q4 1352

Q1 1448

Q2 1448

Q3 1447

Q4 1450

Q1 1550.3

Q2 1553

Q3 1549

Q4 1552

Q1 1655

Q2 1657.1

Q3 1656

Q4 1656.7

&A

Page &P

Sheet2

&A

Page &P

Sheet3

&A

Page &P

Sheet4

&A

Page &P

Sheet5

&A

Page &P

Sheet6

&A

Page &P

Sheet7

&A

Page &P

Sheet8

&A

Page &P

Sheet9

&A

Page &P

Sheet10

&A

Page &P

Sheet11

&A

Page &P

Sheet12

&A

Page &P

Sheet13

&A

Page &P

Sheet14

&A

Page &P

Sheet15

&A

Page &P

Sheet16

&A

Page &P

3.25

5.25

7.25

9.25

11.25

13.25

Q4

98

Q1

99

Q2

99

Q3

99

Q4

99

Q1

00

Q2

00

Q3

00

Q4

00

Q1

01

Q2

01

Q3

01

Q4

01

Q1

02

Q2

02

Q3

02

Q4

02

Q1

03

Q2

03

Q3

03

Q4

03

Q1

04

Q2

04

Q3

04

Q4

04

Q1

05

Q2

05

Q3

05

Q4

05

Q1

06

Q2

06

Q3

06

Q4

06

Q1

07

Q2

07

Q3

07

Q4

07

Q1

08

Q2

08

Q3

08

Q4

08

Q1

09

Q2

09

Q3

09

Q4

09

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Q1

12

Q2

12

Q3

12

Q4

12

Q1

13

Q2

13

Q3

13

Q4

13

Q1

14

Q2

14

Q3

14

Q4

14

Q1

15

Q2

15

Q3

15

Q4

15

Q1

16

Q2

16

Q3

16

Q4

16

Price

Cost

$12.64

The move to Union City

Q1 royalty expense~ 20 cents per unit

& Line B

$3.47

Margin:$9.17

or 72.5%

Quarter

$

ROTOR ASP VS. COST BY QUARTER

35

Chart2

9.319.66

9.498.7

9.457.32

9.356.96

9.486.71

9.645.66

9.475.15

9.594.85

10.114.6

10.355.05

10.395.27

10.726.87

10.45.68

10.785.36

11.034.97

10.964.88

10.894.68

10.974.84

11.025.54

11.055.09

10.915.03

11.265.14

11.24.94

11.155.02

11.044.79

11.174.78

11.354.63

11.284.62

11.35455974364.7240865616

11.384.63

11.554.62

11.444.43

11.664.62

11.734.73

11.354.69

11.264.37

11.444.17

11.824.13

11.864.42

11.764.34

11.684.42

11.94.33

12.144.4

11.974.26

12.534.5

12.684.03

12.484.04

12.754.09

12.384.12

12.534.02

12.744.07

12.574.14

12.724.38

13.013.98

12.944.01

12.563.72

13.253.93

13.553.89

13.213.87

12.833.77

13.533.76

13.024.12

12.713.92

12.64.11

12.673.9

133.75

13.093.73

13.073.65

12.813.73

12.763.6

12.833.6

12.293.47

12.643.47

ASP

Avg Cost

Sheet1

ASPAvg Cost

Q4 989.319.66

Q1 999.498.70

Q2 999.457.32

Q3 999.356.96

Q4 999.486.71

Q1 009.645.66

Q2 009.475.15

Q3 009.594.85

Q4 0010.114.60

Q1 0110.355.05

Q2 0110.395.27

Q3 0110.726.87

Q4 0110.405.68

Q1 0210.785.36

Q2 0211.034.97

Q3 0210.964.88

Q4 0210.894.68

Q1 0310.974.84

Q2 0311.025.54

Q3 0311.055.09

Q4 0310.915.03

Q1 0411.265.14

Q2 0411.204.94

Q3 0411.155.02

Q4 0411.044.79

Q1 0511.174.78

Q2 0511.354.63

Q3 0511.284.62

Q4 0511.354.72

Q1 0611.384.63

Q2 0611.554.62

Q3 0611.444.43

Q4 0611.664.62

Q1 0711.734.73

Q2 0711.354.69

Q3 0711.264.37

Q4 0711.444.17

Q1 0811.824.13

Q2 0811.864.42

Q3 0811.764.34

Q4 0811.684.42

Q1 0911.904.33

Q2 0912.144.40

Q3 0911.974.26

Q4 0912.534.50

Q1 1012.684.03

Q2 1012.484.04

Q3 1012.754.09

Q4 1012.384.12

Q1 1112.534.02

Q2 1112.744.07

Q3 1112.574.14

Q4 1112.724.38

Q1 1213.013.98

Q2 1212.944.01

Q3 1212.563.72

Q4 1213.253.93

Q1 1313.553.89

Q2 1313.213.87

Q3 1312.833.77

Q4 1313.533.76

Q1 1413.024.12

Q2 1412.713.92

Q3 1412.604.11

Q4 1412.673.90

Q1 1513.003.75

Q2 1513.093.73

Q3 1513.073.65

Q4 1512.813.73

Q1 1612.763.60

Q2 1612.833.60

Q3 1612.293.47

Q4 1612.643.47

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Sheet6

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$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50Rotor Volume/Quarter [million]

Goal is $2 Rotor

Rot

or C

ost

ROTOR COST SAVINGS

36

Animal Health Focus is on expandingmarket share in North American from 33%of clinics to 50%

Human Health Abbott in USA

Abaxis Ex-USA except for carve out segments including pharmacy and retailstore clinics, pharma clinical trials, CROs, cruise ship lines

International focus on the Animal Health and targeted Human Health markets.

Abaxis will increase its international sales & marketing expense by$3MM in FY17 (vs. FY16) to expand infrastructure and facilitate growth.

Direct Sales and Marketing in the UK with the acquisition of QCR in November 2014.

CORPORATE STRATEGY

37

1,19

71,

275

1,28

91,

429

1,43

21,

906

1,76

91,

928

1,89

11,

964

1,93

11,

981

1,79

81,

993

1,99

22,

133

2,13

02,

231

2,26

42,

339

2,38

82,

551

2,36

32,

484

2,56

12,

741

2,85

23,

063

3,17

43,

262

3,44

03,

677

3,57

23,

776

4,00

14,

099

4,02

04,

270

3,82

03,

956

4,02

74,

607

4,31

64,

456

4,23

34,

840

4,60

95,

156

4,85

14,

989

4,56

1

5,18

55,

319

6,05

7

5,65

95,

600

5,37

35,

586

6,49

86,

617

6,69

66,

860

7,28

17,

045

7,16

6

4,43

55,

053

6,49

37,

249

7,09

37,

378

7,55

47,

476

7,59

86,

783

8,03

88,

211

7,41

68,

700

8,47

310

,176

10,3

2711

,523

12,2

8012

,748

13,2

4213

,635

12,0

6313

,818

14,2

73 17,4

1317

,444 19,7

9820

,358

21,0

3722

,018

22,8

0822

,931 25,1

9225

,690

26,7

3824

,572 27

,688

26,9

6426

,338 29

,625

30,2

6231

,005 33

,665

34,9

5335

,277

35,9

0637

,540

36,0

03 40,0

2537

,850 4

2,71

842

,014

44,2

5849

,802

49,9

51

45,8

51

42,0

4047

,477

53,9

43 59,5

0255

,873

53,0

90 55,9

7552

,876 56

,960

-661

-505 14

039

144

347

6-5

72 -234 257

44 509 72

830

681 35

286

586

31,

066

1,22

51,

450

2,29

02,

180

1,04

11,

583

1,52

03,

469

2,81

12,

932

3,66

53,

120

3,52

04,

070

4,48

34,

116

4,35

34,

756

4,01

74,

814

4,76

74,

198

5,72

44,

986

5,42

34,

642

5,94

95,

394

5,83

45,

295

3,19

85,

183

5,69

9

5,84

17,

439

8,92

79,

156

6,92

8 10,6

2512

,169

11,2

5512

,305

6,15

7

5,81

1

5,10

3

43,1

69

40,8

10

4,63

76,

439

4,62

3

4,63

6

4,79

3 7,69

18,

986

20,6

66

-$5,000

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

$55,000

$60,000

Manufacturing Revenues Operating Income

Legal Settlement

Note: The Revenues, Manufacturing Expenses and Operating Income for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.

REVENUES, MANUFACTURING EXPENSES & OPERATING INCOME

38

-$15,000$0

$15,000$30,000$45,000$60,000$75,000$90,000

$105,000$120,000$135,000$150,000$165,000$180,000$195,000$210,000$225,000

$2,948 $7,294$12,555

$13,451$23,376

$29,773$30,631

$34,780$46,874 $52,758

$68,928

$86,221

$100,551$105,562

$124,557

$143,676

$155,994

$180,878

$162,031

$202,593

$218,901

($6,743)($6,549) ($4,650) ($4,162)

($618)

$114 $1,498 $1,573$4,720 $7,096

$10,732 $14,375$17,708$17,795$20,775

$22,649 $23,741

$48,023

$24,228$34,304

$46,354

Revenue Loss Oper. Income

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

($ in

thou

sand

s)

CAGR 24%as of March 31, 2016

2015

Note: The Revenues, Manufacturing Expenses and Operating Income for quarters in fiscal 2012 to fiscal 2015 excludes Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.

2016

ANNUAL P & L SUMMARY

39

Chart1

2948-67431996

7294-65491997

12555-46501998

13451-41621999

23376-6182000

297732001114

3063120021498

3478020031573

4687420044720

5275820057096

68928200610732

86221200714375

100551200817708

105562200917795

124557201020775

143676201122649

155994201223741

180878201348023

162031201424228

202593201534304

218901201646354

Revenue

Loss

Oper. Income

($6,743)

Sheet1

Year199619971998199920002001200220032004200520062007200820092010201120122013201420152016

Revenue2948729412555134512337629773306313478046874527586892886221100551105562124557143,676155,994180,878162,031202,593218,901

Loss-6743-6549-4650-4162-618

Oper. Income11414981573472070961073214375177081779520,77522,64923,74148,02324,22834,30446,354

-$15,000

$0

$15,000

$30,000

$45,000

$60,000

$75,000

$90,000

$105,000

$120,000

$135,000

$150,000

$165,000

$180,000

$195,000

$210,000

$225,000

$2,948 $7,294$12,555

$13,451$23,376

$29,773$30,631

$34,780$46,874 $52,758

$68,928

$86,221

$100,551$105,562

$124,557

$143,676

$156,596

$186,025

$171,870

$216,795 $218,901

($6,743)($6,549) ($4,650)

($4,162)($618)

$114 $1,498 $1,573$4,720 $7,096

$10,732 $14,375$17,708 $17,795 $20,775

$22,472 $19,457

$42,136

$20,799

$32,450

$46,354

Revenue Loss Oper. Income1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

($ in

thou

sand

s)

CAGR 24%as of March 31, 2016

2015

Note: The Revenues, Manufacturing Expenses and Operating Income for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.

2016

ANNUAL P & L SUMMARY:INCL. AVRL OPERATIONS DISCONTINUED IN MARCH 2015

40

AVRL Revenues

Chart1

2948-67431996

7294-65491997

12555-46501998

13451-41621999

23376-6182000

297732001114

3063120021498

3478020031573

4687420044720

5275820057096

68928200610732

86221200714375

100551200817708

105562200917795

124557201020775

143676201122472

156596201219457

186025201342136

171870201420799

216795201532450

218901201646354

Revenue

Loss

Oper. Income

($6,743)

Sheet1

Year199619971998199920002001200220032004200520062007200820092010201120122013201420152016

Revenue2948729412555134512337629773306313478046874527586892886221100551105562124557143,676156,596186,025171,870216,795218,901

Loss-6743-6549-4650-4162-618

Oper. Income11414981573472070961073214375177081779520,77522,47219,45742,13620,79932,45046,354

Unaudited and in Thousands

42

CONSOLIDATED BALANCE SHEETAS OF MARCH 31, 2016

41

Current Assets: Cash & investments $ 129,797 Receivables, net 35,148 Inventories and other current assets 47,253 Total Current Assets 212,198

Long-Term Assets:

Long-term investments 22,458 Investment in unconsolidated affiliate 2,705 Property and equipment, net 26,842 Other assets 7,177

TOTAL ASSETS $ 271,380

Total Current Liabilities: $ 29,172

Total Non-current Liabilities: 5,896

TOTAL LIABILITIES 35,068

Shareholders Equity: Common stock 127,016 Retained earnings 109,303 Accumulated other comprehensive loss (7)Total Shareholders Equity 236,312

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 271,380

$2,514

$4,044

$6,076

$7,301 $7,053

$8,382$9,034

$7,076

$14,930

$7,758

$16,187 $16,073

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

$15,000

$16,000

$17,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

($ in

thou

sand

s)

34%

35%

38%

37%37%

39%

38%

Effective Tax Rate (%)

Provision for Income Tax ($)

35%

35%

35%

37%

Note: Income Taxes for quarters in fiscal 2012 to fiscal 2015 include Abaxis veterinary reference laboratory services (AVRL), which was sold in the fourth quarter of fiscal year 2015.

34%

INCOME TAXES

42

Chart1

2514

4044

6076

7301

7053

8382

9034

7076

14930

7758

16187

16073

Sheet1

Year200520062007200820092010201120122013201420152016

Provision for income tax$ 2,514$ 4,044$ 6,076$ 7,301$ 7,053$ 8,382$ 9,034$ 7,07614,9307,75816,18716,073

CORPORATE PRESENTATIONSlide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28Slide Number 29Slide Number 30Slide Number 31Slide Number 32Slide Number 33Slide Number 34Slide Number 35Slide Number 36Slide Number 37Slide Number 38Slide Number 39Slide Number 40Slide Number 41Slide Number 42Slide Number 43