Trupanion Q3 net loss widens to $12.9M; acquires PetExpert for European expansion

TRUPANION, INC.

2022-Q3 EPS reported -$0.87 revenue$659,170,000

Total revenue $233.8M (+29% YoY); subscription revenue $152.4M (+20%).
Net loss $(12.9)M ($0.32/shr) vs $(6.8)M loss in Q3 2021; adjusted EBITDA $(0.9)M vs $2.2M.
Operating cash flow $(2.3)M and free cash flow $(6.4)M, down from positive prior year.
Signs definitive agreement to acquire Royal Blue s.r.o (PetExpert) in Czech Republic and Slovakia; close expected Q4 2022.
Director Eric Johnson resigns from board effective Jan 1, 2023; no disagreement cited.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Eric Johnson

member of the Board of Directors

TRUP · TRUPANION, INC.

Effective: 2023-01-01
Filed: November 3, 2022, 7:59 PM ET

On November 1, 2022, Eric Johnson notified the Company of his decision to resign, effective as of January 1, 2023, from his position as a member of the Board of Directors of the Company (the “Board”).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRUPANION, INC. reported the third quarter ended September 30, 2022 results: revenue $233.8 million, net income $(12.9) million, or $(0.32) per basic and diluted share, EPS $(0.32) per basic and diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $233.8 million
Net income: $(12.9) million, or $(0.32) per basic and diluted share
EPS: $(0.32) per basic and diluted share
Result: reported results

Exact text from the filing

Third Quarter 2022 Financial and Business Highlights • Total revenue was $233.8 million, an increase of 29% compared to the third quarter of 2021. • Total enrolled pets (including pets from our other business segment) was 1,439,605 at September 30, 2022, an increase of 30% over the third quarter of 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRUPANION, INC. reported the first nine months of 2022 results: revenue $659.2 million, net income $(35.4) million, or $(0.87) per basic and diluted share, EPS $(0.87) per basic and diluted share.

Period: the first nine months of 2022
Revenue: $659.2 million
Net income: $(35.4) million, or $(0.87) per basic and diluted share
EPS: $(0.87) per basic and diluted share
Result: reported results

Exact text from the filing

First Nine Months 2022 Financial and Business Highlights • Total revenue was $659.2 million, an increase of 31% compared to the first nine months of 2021. • Subscription business revenue was $438.0 million, an increase of 21% compared to the first nine months of 2021 (22% on a constant currency basis).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Eric Johnson resigned as member of the Board of Directors at TRUPANION, INC..

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

On November 1, 2022, Eric Johnson notified the Company of his decision to resign, effective as of January 1, 2023, from his position as a member of the Board of Directors of the Company (the “Board”).

View on SEC.gov

10 earnings releases filed in the last 30 days. Browse all earnings releases →

TRUPANION, INC. filing history →

Source: SEC EDGAR

accession 0001371285-22-000255

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.