Trupanion (TRUP) Misses Q3 EPS by 3c, Revenues Beat

Trupanion (NASDAQ: TRUP) reported Q3 EPS of ($0.07), $0.03 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $130.1 million versus the consensus estimate of $126.53 million.

“It was another strong quarter for Trupanion, with high retention rates driving accelerated growth in net subscription pets,” said Darryl Rawlings, Founder and CEO of Trupanion.

Third Quarter 2020 Financial and Business Highlights

• Total revenue was $130.1 million, an increase of 31% compared to the third quarter of 2019.
• Total enrolled pets (including pets from our other business segment) was 804,251 at September 30, 2020, an increase of 31% over the third quarter of 2019.
• Subscription business revenue was $99.4 million, an increase of 20% compared to the third quarter of 2019.
• Subscription enrolled pets was 552,909 at September 30, 2020, an increase of 15% over the third quarter of 2019.
• Net loss was $(2.6) million, or $(0.07) per basic and diluted share, compared to net income of $0.8 million, or $0.02 per basic and diluted share, in the third quarter of 2019.
• Adjusted EBITDA was $1.8 million, compared to adjusted EBITDA of $3.9 million in the third quarter of 2019.
• Operating cash flow was $9.8 million and free cash flow was $8.5 million in the third quarter of 2020. This compared to operating cash flow of $4.7 million and free cash flow of $2.9 million in the third quarter of 2019.

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

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