Trupanion (TRUP) Misses Q4 EPS by 1c, Revenues Beat
Trupanion (NASDAQ: TRUP) reported Q4 EPS of ($0.01), $0.01 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $82.6 million versus the consensus estimate of $82.16 million.
“2018 was another year of steady growth and progress at Trupanion. We grew revenue by 25% year-over-year, expanded the funds available to us to invest in pet acquisition, and deployed that capital at our targeted internal rates of return,” said Darryl Rawlings, Founder and CEO of Trupanion. “We also moved the ball forward on our five strategic initiatives. The work we’ve done sets us up well for 2019.”
Fourth Quarter 2018 Financial and Business Highlights
- Total revenue was $82.6 million, an increase of 24% compared to the fourth quarter of 2017.
- Subscription business revenue was $70.9 million, an increase of 20% compared to the fourth quarter of 2017.
- Net loss was $(0.3) million, or $(0.01) per basic and diluted share, compared to a net loss of $(0.8) million, or $(0.03) per basic and diluted share, in the fourth quarter of 2017. Adjusted EBITDA was $2.5 million, compared to adjusted EBITDA of $0.7 million in the fourth quarter of 2017.
- Operating cash flow was $3.7 million and free cash flow was $2.6 million, compared to operating cash flow of $3.0 million and free cash flow of $2.1 million in the fourth quarter of 2017.
For earnings history and earnings-related data on Trupanion (TRUP) click here.
