Zomedica (ZOM) Status update summary

Strategic vision and technology innovation

• Focus on advancing animal health through practical innovation and expanding digital capabilities, with technology and AI central to growth and improved clinical outcomes.

• Five pillars guide decisions: improving pet care, enhancing pet parent satisfaction, streamlining veterinary workflow, supporting veterinarian cash flow, and increasing clinic profitability.

• Investment in connected devices, cloud platforms, and AI to create integrated product experiences and actionable clinical insights.

Market trends and digital transformation

• AI in animal health projected to grow from $1.57B in 2024 to $7B by 2033, with pet tech and telehealth markets also expanding rapidly.

• Zomedica's digital transformation includes MyZomedica platform, mobile apps, e-commerce, and over-the-air software updates, supporting scalable growth.

• Launch of TRUVIEW AI and PIMS integration targeted for Q2 2026 to enhance workflow and data integration.

Financial outlook and operational milestones

• Break-even projected at $55M annualized revenue, with profitability targeted by 2027.

• Q4 2025 expected to be a record quarter, marking 20 consecutive quarters of year-on-year revenue growth.

• Operating leverage expected to increase as revenue grows, with significant capacity available before further investment is needed.

• Consumables account for 70-73% of revenue, supporting recurring revenue growth.