Will This Be the Quarter When Lemonade Finally Beats on Revenue?
High investor interest in insurtech provider Lemonade (NYSE: LMND) has somewhat slowed lately as the company hasn't been delivering the super-high growth seen in some other recent tech IPOs. It doesn't help that Lemonade's financials took a hit from added claims filing following the Texas freeze early in the year and that its competition remains strong. Those issues have contributed to the insurance company's stock price dropping about 35% year to date and 57% from a 52-week-high set in early January.
Yet management is confident in the company's growth prospects. The third-quarter earnings report (releasing later this month) should offer an apples-to-apples, year-over-year sales comparison. It might even show high revenue growth, as management has been at work activating a broad marketing strategy while launching new products.
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Source Fool.com
