Trupanion Inc

TRUP

Equity

ISIN US8982021060 / Valor 24738737

NASDAQ (2024-09-18)

USD 45.81-1.59%

Trupanion Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Trupanion Inc is a pet insurance company that was founded in 2000 by Darryl Rawlings, with the aim of providing affordable life-saving coverage for cats and dogs. The company quickly expanded its operations from Canada to the U.S in 2008, and has since grown to insure over 500,000 pets in North America. Trupanion works in partnership with veterinarians to offer a product tailored to the needs of pet owners, with over $1 billion in paid claims on behalf of its members as of 2020.

Summarized from source with an LLMView SourceSector: Healthcare

Total Revenue

Trupanion Inc. reported total revenue of $306.1 million for the first quarter of 2024, marking a 19% increase compared to the first quarter of 2023. This growth reflects the company's continued expansion and strong market presence in the pet insurance industry.

Subscription Revenue

In the first quarter of 2024, Trupanion Inc.'s subscription business revenue reached $201.1 million, representing a 22% year-over-year increase. This significant growth underscores the company's success in attracting and retaining pet owners through its subscription model.

Net Loss

Trupanion Inc. reported a net loss of $(6.9) million, or $(0.16) per basic and diluted share, for the first quarter of 2024. This is a notable improvement compared to the net loss of $(24.8) million, or $(0.60) per basic and diluted share, in the first quarter of 2023.

Adjusted EBITDA

For the first quarter of 2024, Trupanion Inc. achieved an adjusted EBITDA of $4.8 million, a significant turnaround from the adjusted EBITDA of $(4.9) million reported in the same period of the previous year. This positive shift highlights the company's improved operational efficiency and financial health.

Operating and Free Cash Flow

Trupanion Inc. generated $2.4 million in operating cash flow and reported a free cash flow of $(0.6) million for the first quarter of 2024. This compares favorably to the operating cash flow of $(6.9) million and free cash flow of $(12.0) million in the first quarter of 2023, indicating better cash management and financial performance.

Summarized from source with an LLMView Source

Key figures

57.8%1Y

-44.6%3Y

69.1%5Y

Performance

84.6%1Y

83.5%3Y

76.0%5Y

Volatility