NASDAQ$TRUP

Trupanion Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported strong Q4 and set up well to capture growing opportunities.

Trupanion reported a strong fourth quarter, with total revenue increasing by 35% compared to the fourth quarter of 2019. The company is positioned to capitalize on the expanding prospects within its substantial, underpenetrated market.

  • Total revenue was $142.7 million, an increase of 35% compared to the fourth quarter of 2019.
  • Subscription business revenue was $106.4 million, an increase of 23% compared to the fourth quarter of 2019.
  • Net loss was $(3.5) million, or $(0.09) per basic and diluted share, compared to net income of $0.6 million, or $0.02 per basic and diluted share, in the fourth quarter of 2019.
  • Operating cash flow was $4.0 million and free cash flow was $1.0 million in the fourth quarter of 2020.

Headline financials

Total Revenue

$143M

Previous: $105M+35.3%
EPS (adj)

-$0.09

Previous: $0.02-550.0%
Capital Expenditures

$2.94M

Previous: $1.79M+64.5%
Free Cash Flow

$1.03M

Previous: $2.75M-62.7%
Net Income

-$3.5M

Previous: $636K-650.6%
Operating Income

-$3.17M

Previous: $633K-600.6%
Gross Profit

$23.6M

Previous: $17.7M+33.0%
Cash & Equivalents

$140M

Previous: $29.2M+379.6%
Total Assets

$498M

Previous: $257M+93.7%
Stock-Based Comp

$2.6M

Previous: $1.77M+46.9%

Revenue & EPS history

Trupanion · Revenue · Quarterly

$143M

Q4 2020+35.3%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Trupanion · $143M total across 2 segments · Q4 2020

  • Subscription business
    $106M+22.9%
  • Other business
    $36.3M+92.0%

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 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 Q4 2020

Historical avgQ4 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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