Lemonade files pro forma financials for Metromile acquisition showing combined net loss of $448M in FY2021

Lemonade, Inc.

Pro forma FY2021 combined net loss $448.1M; diluted EPS loss $6.58.
Pro forma Q1 2022 combined net loss $107.5M; diluted EPS loss $1.57.
Bargain purchase gain of $19.1M from net assets ($156.8M) exceeding purchase price ($137.7M).
Acquired identifiable intangible assets valued at $36.0M (tech & licenses); tech amortized over 3 years.

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