IDEXX Laboratories Company History From humble beginnings in 1984 with fewer than a dozen employees, IDEXX Corporation has grown into a multinational company with more than 3,000 employees worldwide. Headquartered in Westbrook, Maine, this biotechnology company generated more than $600 million in total revenue in 2005, a 16 percent increase over fiscal 2004. IDEXX produces equipment and software for use in veterinary practices, including machinery internal diagnostics and test kits. Equipment developed by IDEXX allows veterinarians to obtain immediate results from diagnostic tests that were once sent to off-site laboratories. “In addition to the veterinary market, IDEXX also has a leading position in diagnostic testing for poultry, cattle and swine producers and in testing for the quality and safety of water and milk” (Harkavy, para. 8). The company currently operates in three divisions; pet group (veterinary services), water and food diagnostics. Their 2007 sales forecast is expected to be around $700 - $710 million (IDEXX, 1). FinancialsIDEXX Laboratories is currently trading at 82.27. The 52-week high/low is the highest and lowest price the stock has traded in the last twelve months. Investors consider the maximum and minimum indicator as a very important factor. A stock trading at a low could signal a bargain after retreating from its high. Investors will, of course, conduct further analysis to view other indicators, but the high/low indicator can still serve as a signal that merits deeper investigation. IDEXX Labs has a 52-week high of 86.74 and a 52-week low of 52.94. Outstanding shares are all shares currently held by investors, including restricted shares held by internal organizations such as...... paper middle... thanks to its financial growth model, the prospects for this organization are strong and prosperous. Achieving 2006 revenue targets of $700 million to $710 million is a key factor in this analysis. IDEXX should continue to set goals that result in increased annual revenues and profits. References Harkavy, Jerry (January 19, 2006) $100 Million Expansion to Create Up to 500 Jobs. Boston.com News. Retrieved April 16, 2006, from: http://www.boston.com/news/local/maine/articles/2006/01/19/100_million_expansion_to_create_up_to_500_jobs/IDEXX.com. (2006). IDEXX Laboratories Announces Fourth Quarter Results. Retrieved April 16, 2006, from http://www.idexx.com/aboutidexx/pressroom/releases/20054qrter.jspNasdaq.com (2006) IDEXX Quote Summary. Retrieved April 15, 2006, from http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=IDXX%60&selected=IDXX%60