earnings
confidence high
sentiment negative
materiality 0.75
Trupanion Q2 Revenue $270.6M (+23% YoY); Net Loss $(13.7)M; FCF Improves Sequentially
TRUPANION, INC.
2023-Q2 EPS reported
-$0.93
revenue$526,895,000
- Revenue $270.6M, up 23% YoY; subscription revenue $173.3M, up 19% YoY (20% constant currency).
- Net loss $(13.7)M ($0.33/share) vs $(13.6)M ($0.33) in Q2 2022; Adj. EBITDA $(3.2)M vs $(1.7)M.
- Free cash flow $(8.1)M, improving $3.9M sequentially from Q1 2023; goal to be FCF positive by Q4 2023.
- Total enrolled pets 1.68M (+25% YoY); subscription enrolled pets 943,958 (+23% YoY).
- Company holds $236.1M cash/short-term investments; $40M available under credit facility.