PetDx, Inc.

La Jolla, CA

About PetDx, Inc.

Company overview

PetDx is a biotechnology company specializing in the field of liquid biopsy for veterinary medicine. Focused on revolutionizing the diagnostic landscape in veterinary care, PetDx harnesses the power of liquid biopsy technology to provide accurate and non-invasive diagnostic solutions for pets. With a strong emphasis on precision medicine, the company aims to improve the early detection, monitoring, and treatment of diseases in companion animals. Product/Service Line Breakdown: Liquid Biopsy Testing: PetDx offers advanced liquid biopsy tests specifically tailored for veterinary applications. Liquid biopsy is a non-invasive diagnostic technique that analyzes biofluids such as blood, urine, or saliva to detect and monitor various diseases in pets. PetDx's liquid biopsy tests utilize cutting-edge technologies, including next-generation sequencing and molecular profiling, to identify genetic mutations, biomarkers, and other indicators of diseases such as cancer, infectious diseases, and genetic disorders. Disease Monitoring and Treatment Guidance: Through the analysis of liquid biopsy samples, PetDx provides valuable insights into disease progression and treatment response. By monitoring genetic alterations and biomarkers over time, veterinarians can make informed decisions regarding personalized treatment plans, drug selection, and therapeutic interventions. PetDx's comprehensive reports and expert consultations assist veterinary professionals in tailoring patient care for improved outcomes. Research and Development: PetDx places a strong emphasis on research and development to continually advance liquid biopsy technology in veterinary medicine. Through ongoing innovation and collaboration with academic institutions and veterinary professionals, PetDx strives to enhance the accuracy, sensitivity, and applicability of liquid biopsy tests. By staying at the forefront of scientific advancements, PetDx aims to expand its diagnostic capabilities and improve the overall quality of veterinary care. Veterinary Education and Training: PetDx is dedicated to providing educational resources and training programs to veterinary professionals. These initiatives aim to increase awareness and understanding of liquid biopsy technology, its applications, and its benefits in veterinary medicine. By empowering veterinarians with the knowledge and skills necessary to interpret liquid biopsy results, PetDx supports the integration of this innovative diagnostic approach into routine veterinary practice. Collaborative Partnerships: PetDx actively seeks partnerships and collaborations with veterinary clinics, research institutions, and industry stakeholders. By fostering collaborations, PetDx aims to accelerate the adoption and implementation of liquid biopsy technology in veterinary care. These partnerships may involve joint research projects, data-sharing initiatives, and the co-development of novel liquid biopsy-based diagnostic tools and solutions. Laboratory Services: PetDx operates state-of-the-art diagnostic laboratories equipped with cutting-edge technologies and staffed by skilled scientists and technicians. The company performs all liquid biopsy testing in-house, ensuring rigorous quality control and efficient turnaround times for test results. This vertically integrated laboratory infrastructure enables PetDx to provide reliable and timely diagnostic services to veterinary professionals.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

See All

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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