TRUP - Trupanion stock slides 8% after Q4 earnings miss consensus

Trupanion (NASDAQ:TRUP) stocks drops more than 8% in after-hours trading, Wednesday, following worse-than-expected fourth-quarter earnings. Meanwhile, Q4 revenue of $194.4M topped the $193.09M consensus and jumped 36% from the same year-ago period. Q4 operating expenses were $36.27M, up from $26.72M in Q4 2020. Q4 adjusted EBITDA of $3.5M compared with $2.2M in Q4 a year ago. Total pets enrolled in Q4 were 1.17M vs. 862.92K in Q4 of last year. Q4 pet acquisition expense of $78.64M jumped from $47.83M in Q4 2020. “In 2021, we added a record number of new pets while sustaining high-levels of retention, and maintaining scale in our subscription business," said Founder and CEO Darryl Rawlings. "As a result, we were able to grow the funds generated from our existing pets by 37% and deploy 56% more capital year-over-year to acquire new pets at strong internal rates of return,” he added. In 2020, Aflac took a 9% stake

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Trupanion stock slides 8% after Q4 earnings miss consensus