Trupanion (NASDAQ: TRUP) reported Q3 EPS of $0.02, $0.04 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $99.3 million versus the consensus estimate of $97.26 million.

Third Quarter 2019 Financial and Business Highlights

• Total revenue was $99.3 million, an increase of 27% compared to the third quarter of 2018.
• Total enrolled pets (including pets from our other business segment) was 613,694 at September 30, 2019, an increase of 23% over September 30, 2018.
• Subscription business revenue was $82.6 million, an increase of 23% compared to the third quarter of 2018.
• Subscription enrolled pets was 479,427 at September 30, 2019, an increase of 15% over September 30, 2018.
• Net income was $0.8 million, or $0.02 per basic and diluted share, compared to net income of $1.2 million, or $0.04 per basic and $0.03 per diluted share, in the third quarter of 2018.
• Adjusted EBITDA was $3.9 million, compared to adjusted EBITDA of $3.7 million in the third quarter of 2018.
• Operating cash flow was $4.7 million and free cash flow was $2.9 million for the third quarter of 2019. This compared to operating cash flow of $4.2 million and free cash flow of $3.2 million, which excludes the cash outflow of $49.3 million related to the third quarter 2018 purchase of our headquarters building.

“Performance in the third quarter was strong. Our subscription business benefitted from a double digit increase in lead volume and strong ARPU and retention,” said Darryl Rawlings, Founder and CEO of Trupanion. “Our solid financial position continues to provide us the opportunity to invest in areas we believe could be meaningful contributors to our long-term growth.”

For earnings history and earnings-related data on Trupanion (TRUP) click here.