secwatch.observer — SEC 8-K summary
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Issuer:     TRUPANION, INC. (TRUP)
CIK:        0001371285
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001371285-23-000141
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1371285/000137128523000141/0001371285-23-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1371285/000137128523000141/trup-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001371285-23-000141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer