NAVI+Mopec

Redefining
Pathology Economics

From $76.62 baseline cost to $45.97 intelligent automation.
70% gross margin. $3.2B total addressable market.

This is how software transforms medicine.

Every Slide Is a Decision

Pathology is where certainty is crafted from fragments. Where tissue becomes truth.
Our mission is to amplify expertise where it saves lives and eliminate friction where it steals time.

U.S. Pathologists
21,292

Professionals carrying the diagnostic burden

Annual Cases
69.2M

Every case matters. Every diagnosis counts.

Per Pathologist
3,250

Cases per year, per professional

Mopec Install Base
9,000+

Facilities worldwide leveraging Mopec systems

The Baseline Cost Reality

At $249,000 average pathologist salary, each case carries a $76.62 baseline labor cost.
We deliver intelligent automation at 60% of baseline. 40% cost reduction. 70% margin retained.

Baseline Cost Per Case
$76.62
Traditional pathologist labor cost
NAVI Price Point
$45.97
60% of baseline • 40% savings for healthcare systems

Same quality. Better outcomes. Radical economics.

Software Economics at Scale

This is why AI wins in healthcare.

Revenue per Case
$45.97
Cloud Compute
$4.88
10.6% • Azure infrastructure
Operations
$1.38
3.0% • Labor & support
Hardware
$0.12
0.3% • DGX amortized
Other COGS
$7.41
16.1% • Infrastructure
Total COGS
$13.79
30% of revenue
Profit per Case
$32.18
70% gross margin

Software scales. Hardware depreciates. Margins compound.

Where Volume Meets Value

At baseline, the market processes $5.3B in pathologist labor annually.
We capture 60% of that value at $3.2B while delivering 40% cost savings to healthcare systems.

Market Penetration Cases Processed Annual Revenue Annual Profit
1% 692,000 $31.8M $22.3M
10% 6.92M $318M $223M
25% 17.3M $795M $557M
50% 34.6M $1.59B $1.11B
75% 51.9M $2.39B $1.67B
100% 69.2M $3.18B $2.23B

At 1% penetration, that is just 692,000 cases annually. Approximately 33 mid-sized pathology labs.
The entry threshold is achievable. The upside is transformational.

From Specimen to Certainty

Meet the DGX Spark AI. Enterprise-grade intelligence at healthcare-grade economics.
$40M capital footprint. $0.12 per-case reality.

Unit Cost
$2,500
DGX Spark AI Hardware per unit
U.S. Footprint
16,000
Units for national deployment
Total CapEx
$40M
Complete U.S. infrastructure
Amortized Over 5 Years
$0.12
per case • Hardware cost becomes a rounding error

Hardware enables the platform. Software delivers the value.
Cloud-first architecture with on-premises optionality. Deploy where regulations demand.

Deploy Anywhere, Scale Everywhere

One platform. Three deployment models. Your infrastructure. Your choice.

BYOH
Existing Gear BYOH

Leverage existing workstations and servers. BYOH (Bring Your Own Hardware) supported. Deploy in days with zero capital outlay. Pay only for cases processed. Immediate ROI.

Scale Smart
Cloud Thin Clients

Elastic Azure infrastructure across regions. Thin clients to the cloud with Microsoft. Built-in compliance frameworks. Compute at $4.88 per case. Capacity grows with demand.

Control Everything
On-Prem Hyperscale

On-premises deployments with hyperscaling systems. GPU-accelerated inference on-site. Full data locality. Hardware cost amortizes to $0.12 per case.

Interoperability is not a feature. It is the foundation.
Works with leading grossing stations and scanners. Legacy and modern. Bring what you have.

From Capital Burden to Continuous Value

Legacy Model

$150K proprietary hardware upfront
6 to 12 month deployment cycles
Fixed capacity that cannot flex
Hardware refresh every five years
Vendor lock-in with closed ecosystems
Updates measured in quarters

NAVI Model

$45.97 per case, usage-based pricing
Deploy in days, iterate continuously
Elastic capacity that scales with demand
Software updates ship monthly
Open platform with vendor freedom
Continuous improvement compounds value

The goal is not buying boxes. The goal is improving throughput, quality, and patient outcomes.
Value compounds when improvements ship continuously.

Built to Integrate, Scale, and Endure

Three layers. One unified platform. Infinite configurability.

Core Services

Portable services for identity, workflow, and policy. Runs at edge, in cloud, or on-premises. This is where reliability lives.

Healthcare Connectors

Standards-based interfaces for imaging and clinical data. FHIR and DICOM ready. Bridges legacy systems to modern infrastructure.

Pathology Applications

Task-focused tools for grossing, quality assurance, review, and reporting. Assists experts without obstruction.

Move Fast Without Breaking Trust

Deploy workloads where they belong without moving risk.

Regional Compliance

Data residency aligned to regulations. HIPAA-ready architecture. Audit logs that match enterprise policy requirements.

Enterprise Integration

Single sign-on. Role-based access. Zero trust security model. Connects to existing identity, storage, and security controls.

Resilience by Design

Uptime that respects clinical reality. Automatic failover. Distributed backup. No single point of failure.

Pilot Without Rewiring Your Lab

Train teams in days. Track what matters: throughput, adherence, turnaround time.
Evidence-based deployment. Measured outcomes. Continuous improvement.

Distributed by design, integrates with any pathology equipment, including via the web, scaling at the speed of now.

↓ 40%
Onboarding Time

AI-guided workflows accelerate ramp for new staff with standardized protocols

↓ 35%
Rework Rate

Automated quality checks reduce repeats and missed steps across all case types

↓ 25%
Time to Result

Faster turnaround on critical cases where speed directly impacts patient outcomes

Speed is a feature. Accuracy is a feature. Together, they compound into something greater.
Better decisions. Faster results. Lives saved.

Three Unfair Advantages

They have history. We have hunger.
They have hardware. We have economics.
They have customers. We have believers.

We Are Not Selling Hardware

We are selling time, certainty, and lives saved. Compare $45.97 per case to $150K upfront capital expenditure. Compare 40% cost reduction to locked-in vendor relationships. The math speaks for itself.

We Are Not Building Walls

We are building bridges to any system, any vendor, any future. Interoperability is not a checkbox. It is the moat. When you can integrate with everything, you become indispensable.

We Are Not Thinking Quarters

We are thinking generations of pathologists, patients, and medical breakthroughs. The 70% gross margin funds continuous innovation. Software improvements compound. Hardware depreciates.

The Roadmap Forward

This is not speculation. This is execution.
These are not projections. These are commitments.

Q4 '25
Foundation
5 sites → 50 sites. Proof of concept becomes proof of scale.
Q1 '26
Expansion
OEM partnerships executed. 1% penetration: $31.8M ARR.
Q2 '26
Integration
FHIR/DICOM launch. Enterprise tier deployed at scale.
Q4 '26
Global Expansion
Germany launch: 10K cases/pathologist (3x U.S. workload) • $2.1B TAM • Category leadership established

What Execution Demands

Sales Velocity: Convert 5% of enterprise conversations by Q1 2026
Technical Excellence: Sub-1% failure rate on production deployments
Economic Discipline: Hold COGS at 30% through scale
Partnership Power: Three OEM agreements executed by Q2 2026
Talent Density: 2x engineering by Q1, 3x by Q3 2026
Global Expansion: Germany launch Q4 2026, $2.1B TAM
Model Confidence: Closed-form economic model with validated assumptions

69.2 million cases. $32.18 profit per case. $2.23 billion at full penetration.

The market exists. The technology works. The economics are proven.
Healthcare systems need this. Pathologists want this. Patients deserve this.

Now we execute.

© 2025 NAVI Pathology + Mopec · Internal Strategy Document · Confidential