Trupanion reported a strong fourth quarter, with total revenue increasing by 35% compared to the fourth quarter of 2019. The company is positioned to capitalize on the expanding prospects within its substantial, underpenetrated market.
Total revenue was $142.7 million, an increase of 35% compared to the fourth quarter of 2019.
Subscription business revenue was $106.4 million, an increase of 23% compared to the fourth quarter of 2019.
Net loss was $(3.5) million, or $(0.09) per basic and diluted share, compared to net income of $0.6 million, or $0.02 per basic and diluted share, in the fourth quarter of 2019.
Operating cash flow was $4.0 million and free cash flow was $1.0 million in the fourth quarter of 2020.
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 continue to grow its enrollments and revenue, implement its alliance with Aflac and otherwise execute its business plan.
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