Lemonade Sees Brighter Days Ahead -- Time to Buy?

By Matt Frankel – Aug 16, 2022 at 9:13AM

Key Points

Lemonade's business is still losing money per quarter.
However, management projects that losses are near their peak and will start to moderate.
If Lemonade can achieve profitability without needing to raise capital, it could be a big win for patient investors.
Motley Fool Issues Rare “All In” Buy Alert

NYSE: LMND

Lemonade

Market Cap

$1B

Today's Change

(1.64%) $0.29

Current Price

$17.95

Price as of April 26, 2024, 4:00 p.m. ET

The insurance disruptor sees its financial performance getting much better from here.

Lemonade (LMND 1.64%) recently reported its second quarter earnings, and the company lost nearly $68 million on just $50 million in revenue. However, management is taking steps to get the cash burn under control and gave some strong future projections. In this video, Matt Frankel, CFP, takes a closer look at the numbers and what investors should watch going forward.

**Stock prices used were the closing prices of Aug. 12, 2022. The video was published on Aug. 15, 2022.

Matthew Frankel, CFP® has positions in Lemonade, Inc. The Motley Fool has positions in and recommends Lemonade, Inc. The Motley Fool has a disclosure policy.

Matt Frankel, CFP is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/frankel, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.