TRUP - Trupanion: Still Waiting For Profitability

2024-06-16 08:28:31 ET

Summary

• Shares in Trupanion, Inc. have rebounded after a large drop post-Q1'24 report due to technical bounce and short squeeze.
• The founder and CEO is stepping aside in August 2024 and the company has had an inability to achieve GAAP profitability since 2014.
• Recent insider purchases by the company's founder and projected lower losses in the years ahead prompted a deeper dive.
• An analysis around Trupanion follows in the paragraphs below.

Shares of pet insurer Trupanion, Inc. ( TRUP ) have moved higher after they slid 17% in the trading session subsequent to its Q1'24 report as a technical bounce and short squeeze took hold. Unable to achieve GAAP profitability since going public in 2014, the company's founder and CEO is stepping aside and handing the reigns over to the current president in August 2024. The founder's recent insider purchase despite the fact that Trupanion's FY24 top line is projected to grow below 20% for the first time in its publicly traded history merited a deeper dive. An analysis follows below....

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