Any mention of how the automated disk machine is doing?
Looking through this qtrs numbers... Disks sold per machine in use
dropped a bit, of course, machine sales are dropping too.
Looks like market may be saturating for the short term in Vet. I would
guess more tests and eventual human market use will drive growth.
Profitability will be driven by automated disk machine.
Interestingly, HMGN, who make the competing Analyst(R) machine which does much
better in human market, just reported a bang up quarter, based heavily
on profitability of disk sales to the human market. They are attempting
to compete in vet market too.
Frankly, I think these two companies ought to merge. HMGN makes the reagants,
has good human installed base, profitable disk business. ABAX has a more
modern machine and is kicking butt in vet market. Unfortunately, I
would bet CEO egos would prevent such a deal. HMGN is a play toy for the
CEO who is also head of Biochem Dept at Boston Univ., he's pretty well connected.
I currently own some HMGN, still waiting for ABAX to show signs of profitability.
Yo Yo |
