Lemonade Q4 revenue up 31% YoY; guides 2024 IFP growth ~26% with improving bottom line

Lemonade, Inc.

2023-FY EPS reported -$3.40 revenue$429,800,000

Q4 revenue $115.5M (+31% YoY); net loss $42.4M ($0.61/shr) improves 33% YoY.
Gross loss ratio 77% (improved 12 pts YoY); gross profit $33.6M (+165% YoY).
2024 guidance: IFP $938-942M (~26% growth); Adj. EBITDA loss $160-155M (~10% improvement).
Cash & investments $945M; on track for positive cash flow H1 2025, Adj. EBITDA positive by 2026.
Europe contributes ~30% of net-new customers; homeowners rebalancing continues.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lemonade, Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Lemonade, Inc. (the "Company") announced its financial results for the quarter and year ended December 31, 2023 by issuing a letter to shareholders.

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Lemonade, Inc. filing history →

Source: SEC EDGAR

accession 0001691421-24-000019

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