2024-05-02 09:42:34 ET
Summary
- Lemonade's strong Q1 results and updated outlook for the year make it a promising long-term investment.
- Management now expects to hit FCF breakeven by the end of FY24, versus 1H'25 previously.
- The company's premium rate increases are kicking in, which is helping to reduce loss ratios while driving double-digit revenue growth.
One thing most investors can agree on: the market is very volatile at the moment, with every Fed announcement bringing market swings in excess of 1% in high-volume trading. Amid this noise, however, I find it prudent to invest in long-term holds, particularly in growth stocks that continue to make big strides toward profitability....
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Lemonade: Tilting Consistently Toward Breakeven