Trupanion Q3 2023 revenue up 22% to $285.9M; net loss improves to $4M

TRUPANION, INC.

2023-Q3 EPS reported -$1.03 revenue$812,748,000

Total revenue $285.9M (+22% YoY); net loss $4.0M ($0.10/share) vs loss of $12.9M in Q3 2022.
Adjusted EBITDA $6.1M vs $(0.9M) in Q3 2022; operating cash flow $11.4M, free cash flow $7.0M.
Subscription business revenue $182.9M (+20% YoY); subscription enrolled pets 969,322 (+20% YoY).
Total enrolled pets 1,712,177 (+19% YoY); cash and short-term investments $265.9M at Sept 30, 2023.
CEO cites strong execution and over 40% sequential increase in discretionary profit.

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 0.95

TRUPANION, INC. reported third quarter ended September 30, 2023 results: revenue Total revenue was $285.9 million, net income Net loss was $(4.0) million, EPS $(0.10) per basic and diluted share.

Period: third quarter ended September 30, 2023
Revenue: Total revenue was $285.9 million
Net income: Net loss was $(4.0) million
EPS: $(0.10) per basic and diluted share
Result: reported results

Exact text from the filing

Total revenue was $285.9 million, an increase of 22% compared to the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TRUPANION, INC. reported third quarter ended September 30, 2023 results: revenue Total revenue was $285.9 million, net income Net loss was $(4.0) million, EPS $(0.10) per basic and diluted share.

Period: third quarter ended September 30, 2023
Revenue: Total revenue was $285.9 million
Net income: Net loss was $(4.0) million
EPS: $(0.10) per basic and diluted share
Result: reported results

Exact text from the filing

of an over 40% sequential increase in discretionary profit driven by our core subscription business.” Third Quarter 2023 Financial and Business Highlights • Total revenue was $285.9 million, an increase of 22% compared to the third quarter of 2022. • Total enrolled pets (including pets from our other business segment) was 1,712,177 at September 30, 2023, an increase

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Source: SEC EDGAR

accession 0001371285-23-000299

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