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MILE - Lemonade: Perfect Earnings From Future Insurance Giant
Metromile Inc.
Lemonade reported earnings, and the stock plummeted because of a dilution caused by an acquisition.
Despite the fall, I believe the company reported great earnings, and I also believe that the Metromile acquisition was an ingenious move.
Lemonade's earnings conference regarding its cross-sales data and the potentials of the Lemonade Car insurance are the biggest bullish factors for the company.
All in all, I believe Lemonade's business is starting to gain traction and entering a hyper growth phase.