NASDAQ$TRUP

Trupanion Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Trupanion reported a strong quarter, with records in monthly average retention and pet owner engagement.

Trupanion's total revenue was $117.9 million, an increase of 28% compared to the second quarter of 2019. Net income was $1.4 million, or $0.04 per basic and diluted share, compared to a net loss of $(1.9) million in the second quarter of 2019.

  • Total revenue increased by 28% compared to Q2 2019, reaching $117.9 million.
  • Total enrolled pets grew by 29% year-over-year, totaling 744,727.
  • Subscription business revenue increased by 19% compared to Q2 2019, amounting to $92.5 million.
  • Net income was $1.4 million, a significant improvement from the $(1.9) million net loss in Q2 2019.

Headline financials

Total Revenue

$118M

Previous: $92.2M+27.9%
EPS (adj)

$0.04

Previous: -$0.06+166.7%
Average monthly retention

98.7%

No prior period
Capital Expenditures

-$3.24M

Previous: -$1.78M-82.0%
Free Cash Flow

-$1.89M

Previous: -$3.8M+50.4%
Net Income

$1.35M

Previous: -$2.02M+166.9%
Operating Income

$1.51M

Previous: -$2.11M+171.4%
Gross Profit

$19.9M

Previous: $14.7M+35.0%
Cash & Equivalents

$30M

Previous: $27.4M+9.6%
Total Assets

$290M

Previous: $230M+26.0%
Stock-Based Comp

$2.23M

Previous: $1.87M+18.9%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$118M

Q2 2020+27.9%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Trupanion · $246M total across 2 segments · Q4 2022

  • Subscription business
    $159M+18.2%
  • Other business
    $87.4M+45.1%

Forward guidance

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, prospects and financial results for Trupanion, including, but not limited to, its expectations regarding its ability to execute its business plans.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.8%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.0%

Avg return

30 days after

46%

19 / 41 earnings

Positive

+28.3%

Q2 2020

Best reaction

-31.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%+3.9%-9.1%
Q4 2025-13.0%-10.3%-23.0%
Q3 2025-8.4%-7.6%-12.3%
Q1 2025+23.2%+22.4%+29.5%
Q4 2024-25.5%-28.2%-22.1%
Q3 2024+2.9%-6.0%+0.1%
Q2 2024+13.8%+21.5%+29.9%
Q1 2024-14.9%+9.6%+28.1%
Q4 2023-31.3%-26.8%-18.6%
Q3 2023+27.8%+11.7%+43.5%
Q2 2023+7.8%+15.2%+2.3%
Q1 2023-17.5%-30.8%-34.2%
Q4 2022-0.1%-3.1%-7.6%
Q3 2022+2.1%+10.1%+21.6%
Q2 2022+3.0%+13.2%+3.7%
Q1 2022-7.6%-0.9%+0.1%
Q4 2021-19.0%-17.1%-3.4%
Q3 2021+17.0%+20.8%+9.2%
Q2 2021-13.5%-13.4%-20.9%
Q1 2021-3.3%-8.6%+7.5%
Q4 2020-11.2%-9.9%-22.2%
Q3 2020+0.1%+17.6%+37.1%
Q2 2020+28.3%+39.0%+31.7%
Q1 2020-16.1%-13.9%-10.3%
Q4 2019-17.4%-9.3%-22.6%
Q3 2019+23.4%+31.2%+35.8%
Q2 2019-2.6%-4.8%-25.9%
Q1 2019-1.4%-1.9%-11.6%
Q4 2018-4.8%+0.9%+6.0%
Q3 2018+3.0%-7.7%-1.3%
Q2 2018-3.6%-7.5%-7.4%
Q1 2018+5.4%+1.4%+20.9%
Q4 2017-0.0%-9.2%+9.5%
Q3 2017+13.1%+11.6%+3.2%
Q2 2017+0.2%-2.8%-8.1%
Q1 2017+0.9%+4.7%+29.0%
Q4 2016+3.0%-2.2%-10.5%
Q3 2016-7.7%-7.0%+1.9%
Q2 2016-0.3%-0.6%-0.5%
Q1 2016+13.0%
Q2 2014-1.3%
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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