Zomedica Corp (ZOM)

[EyalCap]

markdvm70 (the vet that shared the First Truforma Run! video) is correct in his responses, the numbers below do not lie:

Cost Savings:------------------------------------------

His office has 6.5 DVM's (Doctor of Vet Medicine) and they each run roughly 15 tests per week (T4/FT4/Cortisol tests). Therefore, his office runs a total of 97.5 test a week. (for these calculations, lets round this number down to 90).

His office saves roughly $25 for each test ($70-$45=$25).

Therefore, his office saves $2,250 a week with running tests with Truforma (97.5 tests x $25) and $117,000 a year. THIS IS SIGNIFICANT and could result in a very quick ROI for the vet offices.

Time Savings:------------------------------------------

His office currently waits 2 days for cortisol test results, 48 hours.

His office estimated it takes roughly 2-4 minutes to set up and 15-20 minutes to run a test. 24 minutes max for a test is a savings of roughly 47.5 hours, 99.2% time savings.

90 tests a week (2,400 minutes (5x8x60)) means a test will be ran every 26 minutes with results immediately shown after the test is ran. This means the Truforma will rarely sit idle, therefore, a potential need for additional machines.