Trupanion Stock Price, News & Analysis

Trupanion, Inc. (Nasdaq: TRUP), a leading provider of pet medical insurance, has signed a definitive agreement to acquire Royal Blue s.r.o., the parent company of PetExpert, a prominent insurance provider in the Czech Republic and Slovakia. This acquisition, marking Trupanion's second in Europe, aims to facilitate global expansion and enhance connections with veterinary communities. The transaction is expected to close in Q4 2022, with no significant financial impact anticipated for 2022. Trupanion aims to leverage PetExpert's platform, connecting over 1,300 veterinary hospitals, to drive growth in these underpenetrated markets.

Trupanion, Inc. (Nasdaq: TRUP) reported Q3 2022 financial results, achieving total revenue of $233.8 million, up 29% year-over-year. Total enrolled pets reached 1.44 million, marking a 30% increase. Subscription revenue was $152.4 million, rising 20%. However, the company faced a net loss of $(12.9) million, compared to $(6.8) million in Q3 2021. Adjusted EBITDA fell to $(0.9) million from $2.2 million year-over-year. Operating cash flow was $(2.3) million, down from $6.2 million in the prior year. The conference call for further details is set for today.

Trupanion, Inc. (NASDAQ: TRUP) will release its Q3 2022 financial results on November 3, 2022, after market close. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET. Investors can join via a live webcast on Trupanion's Investor Relations site, which will also archive the call for three months. The company, a leader in pet medical insurance with over 740,000 pets enrolled, focuses on providing high-value insurance solutions and fast payment processes for veterinary services.

Smart Paws GmbH, a German pet insurance provider, has officially partnered with Trupanion, a leading international pet health insurance provider. This collaboration aims to enhance the pet insurance landscape by improving coverage confidence and making claims more efficient through direct payments to veterinarians. Both companies focus on the veterinarian-client-patient relationship, emphasizing the importance of reliable pet health insurance in the face of rising healthcare costs. Smart Paws will continue to manage member policies while integrating into Trupanion's global organization.

Trupanion, a leader in pet medical insurance, announced that CEO Darryl Rawlings and CFO Drew Wolff will participate in a virtual fireside chat at the Jefferies Virtual Pet Care & Wellness Conference on September 22, 2022, at 8:30 am PT. The event will include virtual meetings with investors throughout the day. Trupanion, listed on NASDAQ under the symbol TRUP, provides coverage for over 740,000 pets in the U.S., Canada, and Australia, offering unlimited payouts while utilizing technology to process payments directly to veterinarians.

Trupanion has acquired Smart Paws GmbH, a growing pet insurance provider in Germany and Switzerland, effective August 31. This strategic move will facilitate Trupanion's entry into key European markets, enhancing its international reach in line with its 60-month growth plan. Smart Paws, co-founded by veterinary and insurance experts, specializes in pet insurance tailored to local needs. The acquisition is not expected to materially impact Trupanion's financial results for 2022. The financial specifics of the deal remain undisclosed.

Trupanion (Nasdaq: TRUP) announced that CEO Darryl Rawlings will participate in a fireside chat at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 8:00 am ET. Rawlings will also meet with investors throughout the day. The presentation will be webcast live via Trupanion’s Investor Relations website. With over 740,000 pets enrolled, Trupanion is a leader in pet medical insurance across the U.S., Canada, and Australia, offering unlimited payouts and direct payment to veterinarians at checkout.

Trupanion (TRUP) has announced that Drew Wolff, the Chief Financial Officer, will participate in two key investor conferences. The first is the Bank of America 2022 SMID Cap Ideas Conference on August 9, 2022, where Trupanion is set to present at 9:40 am ET. The second is the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, with a presentation scheduled for 10:30 am ET. Both presentations will be webcast live on the company’s Investor Relations website. Trupanion is a leader in pet medical insurance with over 700,000 pets insured.

Trupanion, Inc. (Nasdaq: TRUP) reported a strong second quarter for 2022, with total revenue hitting $219.4 million, up 30% from the previous year. The company also saw a 32% increase in total enrolled pets, now at 1,348,145. Subscription revenue rose 21% to $145.8 million, with 770,318 pets enrolled. However, the company reported a net loss of $(13.6) million, widening from $(9.2) million year-over-year. Adjusted EBITDA turned negative at $(1.7) million, compared to a small profit previously.