Trupanion Q1 revenue $256.3M (+24% YoY) but net loss widens to $(24.8)M; subscription pets +23%

TRUPANION, INC.

2023-Q1 EPS reported -$0.60 revenue$256,329,000

Total revenue $256.3M (+24% YoY); subscription revenue $165.2M (+18% YoY, +20% constant currency).
Net loss $(24.8)M ($(0.60)/share) vs $(8.9)M ($(0.22)/share) in Q1 2022; includes $8.6M non-recurring items.
Adjusted EBITDA $(4.9)M vs positive $1.2M last year; operating cash flow $(6.9)M; free cash flow $(12.0)M.
Total enrolled pets 1,616,865 (+28% YoY); subscription enrolled pets 906,369 (+23% YoY).
CEO cites 15% veterinary inflation pressuring margins but driving demand; focusing on margin targets.

item 2.02 item 9.01

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 first quarter ended March 31, 2023 results: revenue $256.3 million, net income $(24.8) million, EPS $(0.60) per basic and diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $256.3 million
Net income: $(24.8) million
EPS: $(0.60) per basic and diluted share
Result: reported results

Exact text from the filing

on successfully executing the second half of our 60-month plan and achieving our margin targets." First Quarter 2023 Financial and Business Highlights • Total revenue was $256.3 million, an increase of 24% compared to the first quarter of 2022. • Total enrolled pets (including pets from our other business segment) was 1,616,865 at March 31, 2023, an increase of

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Source: SEC EDGAR

accession 0001371285-23-000141

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