Lemonade Shows Impressive Growth and Profitability in Q1 2024
Wednesday, 1 May 2024, 16:45
Lemonade (LMND) Q1 2024 Earnings Report
Lemonade reports a strong quarter with revenue and adjusted EBITDA exceeding expectations. The company's top line grew by 22%, adjusted EBITDA loss improved by a third, and gross profit more than doubled year-on-year.
Key Highlights:
- Top line growth of 22%
- Adjusted EBITDA loss improvement by a third
- Gross profit more than doubled year-on-year
- Loss ratio improvements indicating operational efficiencies
Lemonade's AI-driven technology continues to deliver on its promise, positioning the company for sustained growth and profitability. The company projects net cash flow positive by the end of the year, highlighting ongoing success and future prospects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.