Trupanion Inc (NASDAQ:TRUP) Q2 2020 Earnings Conference Call - Final Transcript
Aug 04, 2020 • 04:30 pm ET
midpoint, this would equate to total pet acquisition spend for the year of around $43 million.
Also, please keep in mind that our revenue projections are subject to conversion rate fluctuations between the U.S. and Canadian currencies. For our guidance, we used a 73% conversion rate in our projections, which was the approximate rate at the end of June. In summary, we're very pleased with our Q2 financial performance and our ability to navigate through the current market landscape. Our financial position is strong, and we will continue to be disciplined in the allocation of our capital.
Thank you for your time today, and I will now turn the call back over to Darryl.
Thanks, Trish. We'll open it up for Q&A momentarily. Joining us for today's Q&A session is Margi Tooth, our Chief Revenue Officer, who can help provide some additional context on our performance in the quarter. I also want to point your attention to a few upcoming investor events. Both Tricia and I will be participating in the upcoming virtual Canaccord conference next week. We'll also be hosting a series of virtual non-deal roadshows over the course of August and September. We hope to speak to many of you then.
With that, Tricia, Margi and myself are now available for your questions.