Lemonade Squeezes as Breakeven Date Gets Pulled Closer
Lemonade(LMND) MarketBeat·2024-05-07 19:48
Key PointsLemonade moved up its cash flow breakeven date to the end of Q4 2024 from its original forecast of the first half of 2025, leaving Q1 2025 to generate positive cash flow.Lemonade grew in-force premiums by 22% YoY and customers by 13% YoY to 2,095,275.Lemonade claims to be living up to the AI hype as the company lowered its loss ratio by 8% and increased its book by 22% while cutting headcount by 11%.5 stocks we like better than LemonadeArtificial intelligence (AI) powered insurance platform Lemona ...