Pethealth Sees Increase in Sales for Microchip Operations [Travel & Leisure Close - Up]
(Travel & Leisure Close - Up Via Acquire Media NewsEdge) Pethealth Inc. announced that it saw continued growth in its non- insurance operations in 2012, led by its microchipping operations in the United States, Canada and the United Kingdom.
According to a release, microchip sales for 2012 totalled 1,509,645, up 14 percent over 2011. All three countries where the Company sells microchips for companion animal use recorded record sales. Supporting the business was the launch in Q1 of the MiniChip. The MiniChip, exclusive to the Company in 2012, is one-third the size of the standard microchip which is itself approximately the size of a grain of rice. The MiniChip, like the standard sized microchip which accounted for the bulk of sales in 2012, is manufactured by Allflex USA, Inc., a provider in design, technology, manufacturing, and distribution of animal identification systems for traceability purposes.
As of December 31, the Company's cloud-based animal management system called PetPoint had been licensed by 1,955 animal welfare organizations in the United States and Canada, representing an increase of 182 organizations over the number licensed as of December 31, 2011. Included in this group were Central California SPCA, Calgary Humane Society and Dekalb County Animal Services and Enforcement.
Dekalb County, a municipally owned organization in Georgia, is representative of the growing trend amongst municipally owned animal control organizations to move to PetPoint to take advantage of the Company's hosted application. Whereas previously, municipally owned organizations were reluctant or were prohibited from having third parties host their data, financial pressures on municipal budgets as well as the growing trend towards cloud applications are leading many of these organizations to join the already large number of 501c3 animal shelters to license the Company's software. As of December 31, a total of 255 municipally owned animal welfare organizations made up the 1,955 organizations in total that have now licensed PetPoint.
"In 2012, our non-insurance business continued to lead the way for the Company," said Mark Warren, President and CEO of Pethealth. "We saw year on year growth in every quarter, which we believe is set to continue on the back of our broadening platform with animal welfare organizations in North America and our growing presence in the companion animal market in the United Kingdom."
The Company noted that it expects to release its full year 2012 financial results on or about March 8, 2013. Additionally, the Company will be releasing its PetPoint Report for December on Monday, January 21 together with its 2012 year-end release, providing more detailed information on pet intake and pet adoption data.
Pethealth is a provider of medical insurance for dogs and cats to pet owners, operating in the United States, Canada and the United Kingdom. In addition, the Company is a provider of management software to North American animal welfare organizations through its SaaS-based application and a supplier of pet related database management services to the North American companion animal industry.
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