Lemonade (NYSE: LMND) posted its first-quarter earnings report on May 9. The online insurance provider's revenue rose 89% year over year to $44.3 million, which beat analysts' estimates by $1.1 million.
Its net loss widened from $49 million to $74.8 million, or $1.21 per share, but still exceeded analysts' expectations by $0.23. Its loss based on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also widened, from $41.3 million to $57.4 million.
Lemonade's headline numbers were mixed, and its stock remains nearly 40% below its initial public offering (IPO) price and 90% below its all-time high. Should investors accumulate some shares of this deflated growth stock today?
Source Fool.com