Lemonade projects profitability improvement following 12 consecutive quarters of revenue growth
LMND Lemonade Inc
$39.55 -4.65%
View chart & analysis → - 1Lemonade announced that revenue growth has been accelerating for 12 consecutive quarters.
- 2Lemonade recorded a 34% year-over-year increase in insurance force premiums (IFP) in the third quarter.
- 3Management expects to record positive adjusted EBITDA in the fourth quarter.
So what's the key point?
Lemonade has continued to increase its revenue for 12 quarters. With insurance premium income rising by 34 percent, the company's potential to generate profit has increased.
Source The Motley Fool · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.