Trupanion Q4 rev $295.9M (+20% YoY); net loss narrows to $2.2M; two material weaknesses disclosed

TRUPANION, INC.

2023-FY EPS reported -$1.08 revenue$1,108,605,000

Subscription revenue $191.5M (+21% YoY); total enrolled pets 1.71M (+12% YoY).
Q4 net loss $(2.2)M vs $(9.3)M a year ago; adjusted EBITDA $8.5M vs $2.2M.
Full-year 2023 revenue $1.1B (+22%); net loss $(44.7)M; free cash flow $0.4M.
Two material weaknesses in internal controls identified (IT access/program change and Other Business segment); results preliminary.
Cash and short-term investments $277.2M; $241.3M capital surplus at insurance subs.

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 fourth quarter and full year ended December 31, 2023 results: revenue Total revenue was $295.9 million, net income Net loss was $(2.2) million, EPS $(0.05) per basic and diluted share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: Total revenue was $295.9 million
Net income: Net loss was $(2.2) million
EPS: $(0.05) per basic and diluted share
Result: preliminary results

Exact text from the filing

margin expansion and efficient acquisition spend drove another quarter of positive free cash flow.” Fourth Quarter 2023 Financial and Business Highlights • Total revenue was $295.9 million, an increase of 20% compared to the fourth quarter of 2022. • Total enrolled pets (including pets from our other business segment) was 1,714,473 at December 31, 2023, an increase

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TRUPANION, INC. filing history →

Source: SEC EDGAR

accession 0001371285-24-000022

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