NASDAQ$TRUP

Trupanion Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the second quarter ended June 30, 2022.

Trupanion's total revenue was $219.4 million, a 30% increase compared to Q2 2021. The company's total enrolled pets increased by 32% to 1,348,145. However, the company reported a net loss of $(13.6) million, or $(0.33) per share, and an adjusted EBITDA of $(1.7) million.

  • Total revenue increased by 30% to $219.4 million compared to Q2 2021.
  • Total enrolled pets increased by 32% to 1,348,145 as of June 30, 2022.
  • Subscription business revenue increased by 21% to $145.8 million compared to Q2 2021.
  • Net loss was $(13.6) million, or $(0.33) per share, compared to $(9.2) million, or $(0.23) per share, in Q2 2021.

Headline financials

Total Revenue

$219M

Previous: $168M+30.4%
EPS (adj)

-$0.33

Previous: -$0.23-43.5%
Capital Expenditures

-$7.48M

Previous: -$5.77M-29.6%
Free Cash Flow

-$21.1M

Previous: -$15.4M-37.2%
Net Income

-$13.6M

Previous: -$9.61M-41.7%
Operating Income

-$12.8M

Previous: -$9.51M-34.3%
Gross Profit

$28.6M

Previous: $24.5M+16.5%
Cash & Equivalents

$102M

Previous: $117M-13.4%
Total Assets

$635M

Previous: $532M+19.4%
Stock-Based Comp

$8.63M

Previous: $6.53M+32.3%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$219M

Q2 2022+30.4%vs Q2 2021
Beat estimate in 13 of 15 quarters(87%)
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 expectations, plans, prospects and financial results for Trupanion, including, but not limited to, its expectations regarding its ability to continue to grow its enrollments and revenue, implement its alliance with Aflac and otherwise execute its business plan.

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 2022

Historical avgQ2 2022

-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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