Trupanion, Inc. · NASDAQ:TRUP
Trupanion — Q2 2017 Earnings Presentation
11 slides from Trupanion's earnings presentation, Aug 1, 2017
Slide 1: Trupanion Reports First Quarter 2017 Results
Trupanion Reports First Quarter 2017 Results SEATTLE, WA. August 1, 2017 -- Trupanion , Inc. (Nasdaq: TRUP), a leading provider of medical insurance for cats and dogs, today announced financial results for the second quarter ended June 30, 2017. “Our second quarter results highlight the consistency
Slide 2: Conference Call
Conference Call Trupanion’s management will host a conference call today to review its second quarter 2017 results. The call is scheduled to begin shortly after 1:30 p.m. PT/ 4:30 p.m. ET. A live webcast will be accessible through the Investor Relations section of Trupanion’s website at http://inves
Slide 3: Consolidated Statements of Operations
Trupanion, Inc. Consolidated Statements of Operations {in thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (unaudited) Revenue: Subscription business $ 52,641 $ 42,162 $ 102,870 $ 81,305 Other business 5,634 3,670 10,134 7,226 Total revenue
Slide 4: Consolidated Balance Sheets
Assets Current assets: Cash and cash equivalents Short-term investments Accounts and other receivables Prepaid expenses and other assets Total current assets Restricted cash Long-term investments, at fair value Equity method investment Property and equipment, net Intangible assets, net Other long-te
Slide 5: Consolidated Statements of Cash Flows
Trupanion, Inc. Consolidated Statements of Cash Flows {in thousands) Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (unaudited) Operating activities Net income (loss) $ 411 § (964) $ (1,071) $ (3,536) Adjustments to reconcile net income (loss) to cash provided by operating
Slide 6: Key operating metrics
The following tables set forth our key operating metrics: Total pets enrolled (at period end) Total subscription pets enrolled (at period end) Monthly average revenue per pet Lifetime value of a pet (LVP) Average pet acquisition cost (PAC) Average monthly retention Total pets enrolled (at period end
Slide 7: Operating cash flow to free cash flow
The following table reflects the reconciliation of cash provided by operating activities to free cash flow (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net cash provided by operating activities $ 1,824 $ 1,558 $ 3,681 $ 260 Purchases of property and equip
Slide 8: GAAP to non-GAAP measures
The following table reflects the reconciliation of GAAP measures to non-GAAP measures (in thousands, except percentages): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Claims expense $ 41,009 $ 32,466 $ 80,196 $ 63,070 Stock-based compensation expense (89) (57) (159) (115
Slide 9: Acquisition cost and net acquisition cost reconciliation
The following tables reflect the reconciliation of acquisition cost and net acquisition cost to sales and marketing expense (in thousands): Six Months Ended June 30, 2017 2016 Sales and marketing expenses $ 8461 $ 7,404 Excluding: Stock-based compensation expense (385) (247) Acquisition cost 8,076 7
Slide 10: Adjusted EBITDA to net income (loss)
The following tables reflect the reconciliation of adjusted EBITDA to net income (loss) (in thousands): Net loss Excluding: Stock-based compensation expense Depreciation and amortization expense Interest income Interest expense Income tax expense Gain from equity method investment Adjusted EBITDA Ne
Slide 11: Contacts
Contacts : Investors: Laura Bainbridge, Addo Investor Relations 310.829.5400 InvestorRelations@trupanion.com Media: Scott Janzen, Trupanion Director of Communications 888.612.1138 ext 3450 scott.janzen@trupanion.com