Zomedica (ZOM) Status update summary

Strategic focus and technology innovation

• Advancing animal health through practical innovation and expanding digital capabilities, with a focus on technology and digital innovation to drive growth, improve clinical outcomes, and strengthen practice economics.

• Emphasis on five pillars: improving pet care quality, enhancing pet parent satisfaction, streamlining veterinary workflow, supporting veterinarian cash flow, and increasing clinic profitability.

• Investment in AI, connected devices, cloud platforms, and interpretation tools to create integrated product experiences and data-driven insights.

Market trends and digital transformation

• AI adoption in animal health is projected to grow at an 18% CAGR, with the market reaching nearly $7 billion by 2033.

• Pet tech spending and telehealth are rapidly expanding, with integrated health platforms combining in-clinic and at-home data becoming the industry standard.

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

Product and platform development

• Launched TRUVIEW AI for object detection and classification in diagnostics, and expanded VetGuardian onboarding and monitoring capabilities.

• Utilization-based models and cloud-driven enhancements increase device lifetime value and recurring revenue.

• PIMS integration targeted for completion by end of Q2, enabling seamless workflow and data exchange with veterinary clinics.