Insurance disruptor Lemonade (LMND -7.70%) clearly has a happy customer base and management is doing a good job of growing the business. However, the company continues to burn through cash and its path to profitability remains unclear. In this video, Matt Frankel, CFP®, discusses Lemonade's latest results, the company's long-term potential, and the unanswered questions investors should be concerned about.
*Stock prices in this video are as of midday on Nov. 14, 2022. This video was published on Nov. 14, 2022.