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Trupanion launches the first annual Veterinary Appreciation Day Awards to recognize veterinary professionals worldwide. The awards aim to acknowledge the hard work and dedication of the veterinary community, spread awareness about the profession, and highlight their impact on pets and communities. Nominations are open until May 15, with winners announced on June 18, 2024.
Trupanion, Inc. (Nasdaq: TRUP) reported solid financial results for Q1 2024, with a 19% increase in total revenue to $306.1 million. Subscription revenue rose by 22%, while net loss decreased to $(6.9) million. Adjusted EBITDA improved to $4.8 million. The company ended the quarter with $275.2 million in cash and short-term investments.
Margi Tooth was appointed as the new CEO, effective August 1, 2024. She will also continue as President and is expected to join Trupanion's Board of Directors. Darryl Rawlings, the founder, will remain as Chairman of the Board.
Trupanion, a leading provider of medical insurance for cats and dogs, has announced the appointment of Margi Tooth as Chief Executive Officer, effective August 1, 2024. Tooth, who has nearly two decades of experience in the pet insurance category, will also continue as President and join the Board of Directors. The founder and outgoing CEO, Darryl Rawlings, will serve as Chair of the Board. Tooth's leadership has contributed to Trupanion's significant growth, surpassing $1 billion in revenue, over 1 million subscription pets, and paying out nearly $3 billion in veterinary invoices. Her appointment positions Trupanion for further growth and success in global markets.
Trupanion, a medical insurance provider for cats and dogs, aims to dispel common pet insurance myths through an informative expose. The company emphasizes the importance of quality coverage for pets and highlights advantages of lifetime coverage, understanding age-related factors, and opting for unlimited coverage. Trupanion's commitment to pet health and well-being is evident in its mission to provide peace of mind to pet owners while ensuring seamless veterinary care.
