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Profile: Heska Corp (HSKA.OQ)

HSKA.OQ on NASDAQ Stock Exchange Capital Market

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Heska Corporation, incorporated on March 27, 1997, sells veterinary diagnostic and specialty products. The Company operates through two segments: Core Companion Animal Health (CCA) and Other Vaccines, Pharmaceuticals and Products (OVP). The CCA segment includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, local and cloud-based data services, allergy testing and immunotherapy, and single use offerings, such as in-clinic diagnostic tests and heartworm preventive products. Its OVP segment includes private label vaccine and pharmaceutical production, primarily for cattle but also for other species, including equine, porcine, avian, feline and canine. All OVP products are sold by third parties under third-party labels. The Company focuses on supporting veterinarians in the canine and feline healthcare space.

CCA Segment

The Company offers a line of veterinary blood testing and other instruments. It also markets and sells consumable supplies for these instruments. Its line of veterinary instruments includes Blood Chemistry, Hematology, Blood Gases and Electrolytes, Immunodiagnostics and IV Pumps. The Element DC Veterinary Chemistry Analyzer (the Element DC) is a system that uses dry slide technology for blood chemistry and electrolyte analysis. Test slides are available as both pre-packaged panels, as well as individual slides. The DRI-CHEM 7000 Veterinary Chemistry Analyzer (the DRI-CHEM 7000) is a complementary chemistry offering, which provides emergency sample flexibility in critical cases. The Element DC and DRI-CHEM 7000 utilize the same test slides.

The Element HT5 Hematology Analyzer (the HT5) is a 5-part hematology analyzer, which uses laser, impedance and colorimetric technologies to measure key parameters, such as white blood cell count, red blood cell count, platelet count and hemoglobin levels in animals. The HEMATRUE Veterinary Hematology Analyzer (the HEMATRUE) is a 3-part hematology blood analyzer. The Element POC Blood Gas & Electrolyte Analyzer (EPOC) is an analyzer, which delivers rapid blood gas, electrolyte, metabolite and basic blood chemistry testing. The Element i Immunodiagnostic Analyzer (Element i) utilizes fluorescence immunoassay technology to ensure sensitivity for accurate in-clinic detection of Total T4, TSH and Cortisol. The Element i is a benchtop technology. The VET/IV 2.2 infusion pump is an IV pump that allows veterinarians to provide regulated infusion of fluids for their patients.

The Company offers a line of veterinary imaging instruments and services, including digital radiography solutions and ultrasound systems. Digital radiography solutions are marketed and sold under the Cuattro brand name. It sells hardware, including digital radiography detectors, acquisition workstation equipment, positioning aides, such as tunnels and tables, viewing computers and other accessories along with embedded software and support, data hosting and other services. CloudDR solutions combine flat panel digital radiography acquisition with Web-based image storage. Cloudbank is a Web-based image storage solution designed to interface with the software it sells. ViewCloud is a Picture Archival and Communications System (PACS) for Cloudbank for Web or local viewing, reporting, planning and e-mail sharing of studies on Internet devices, including personal computers, tablet devices and smartphones. SupportCloud is a support package, including call center voice and remote diagnostics, recovery and other services, such as the provision of warranty-related loaner units, to support CloudDR, Cloudbank and ViewCloud.

The Company also sells mobile digital radiography products, primarily for equine use. The Uno 6 is an integrated, portable digital radiography generator with an embedded touchscreen digital radiography acquisition computer based upon a patented design. The Slate 6 is a mobile digital radiography acquisition console with a direct sunlight readable display, including multi-touch software. Slate 6 and Uno 6 have the ability to link to Digital Imaging and Communication in Medicine (DICOM) servers of all types, as well as Cloudbank. Its ultrasound products, including affiliated probes and peripherals, are provided to the Company under an agreement with Esaote USA (Esaote). It sells several ultrasound products with varying features and corresponding price points, all under Esaote's trade names or logos. These offerings include the MyLab family of systems and probes, for use in abdominal, cardiac and small parts applications in companion animal and equine patients, as well as other species. The ultrasound products it sells generally integrate with its Cloudbank and ViewCloud offerings for image storing and viewing.

The Company's canine and feline heartworm diagnostic tests use monoclonal antibodies or a recombinant heartworm antigen, respectively, to detect heartworm antigens or antibodies circulating in the blood of an infected animal. It markets and sells heartworm diagnostic tests for both dogs and cats. SOLO STEP CH for dogs and SOLO STEP FH for cats are available in point-of-care, single use formats that can be used by veterinarians on site. It also offers SOLO STEP CH Batch Test Strips, a point-of-care antigen detection test for dogs that allows veterinarians in practices to run various samples at the same time.

OVP Segment

The Company manufactures biological and pharmaceutical products for a number of other animal health companies. It manufactures products for animals other than cattle, including horses, pigs, chickens, cats and dogs. Its offerings range from providing complete turnkey services, which include research, licensing, production, labeling and packaging of products to providing any one of these services as needed by its customers, as well as validation support and distribution services. It developed a line of bovine vaccines that are licensed by the United States Department of Agriculture (USDA).

The Company competes with IDEXX Laboratories, Inc., Abaxis, Inc. and Zoetis Inc.

Company Address

Heska Corp

3760 Rocky Mountain Ave
LOVELAND   CO   80538-7084
P: +1970.4937272
F: +1970.6193003

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