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Jun 30, 2020
Trupanion Q2 2020 Earnings Report
Trupanion reported a strong quarter, with records in monthly average retention and pet owner engagement.
Key Takeaways
Trupanion's total revenue was $117.9 million, an increase of 28% compared to the second quarter of 2019. Net income was $1.4 million, or $0.04 per basic and diluted share, compared to a net loss of $(1.9) million in the second quarter of 2019.
Total revenue increased by 28% compared to Q2 2019, reaching $117.9 million.
Total enrolled pets grew by 29% year-over-year, totaling 744,727.
Subscription business revenue increased by 19% compared to Q2 2019, amounting to $92.5 million.
Net income was $1.4 million, a significant improvement from the $(1.9) million net loss in Q2 2019.
Forward Guidance
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, prospects and financial results for Trupanion, including, but not limited to, its expectations regarding its ability to execute its business plans.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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