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Mar 31, 2020
Trupanion Q1 2020 Earnings Report
Trupanion's first quarter 2020 results were announced, showing revenue growth and continued expansion of enrolled pets.
Key Takeaways
Trupanion reported a 28% increase in total revenue, reaching $111.3 million, and a 25% increase in total enrolled pets, totaling 687,435. The company experienced a net loss of $1.1 million, or $0.03 per share, and generated a free cash flow of $1.4 million.
Total revenue increased by 28% year-over-year to $111.3 million.
Total enrolled pets grew by 25% year-over-year to 687,435.
Subscription business revenue increased by 21% year-over-year to $89.5 million.
Free cash flow was $1.4 million.
Forward Guidance
Trupanion expects the need for its product among pet owners to grow, the messaging at the veterinarian level to strengthen, and the value of its patented software to be even greater in the coming weeks and months.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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