Why Is LMND Stock Surging Today?
Synopsis
The company now expects 2025 revenue to come between $727 million and $732 million, compared with the prior forecast of $710 million to $715 million.
Lemonade (LMND) stock surged over 30% in afternoon trading after the company raised its annual revenue forecast, driven by steady customer count and in-force premiums.
The firm now expects 2025 revenue to come between $727 million and $732 million, compared with the prior forecast of $710 million to $715 million.
Lemonade expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss to be between $127 million and $130 million, compared with the previous forecast of a loss of $135 million to $140 million.
President and Co-Founder Shai Wininger said during a post-earnings call that the company’s investment in automation has been paying off.
Wininger stated that, despite Lemonade's relatively small size compared to the largest U.S. carriers, it achieved a superior level of efficiency, with a loss adjustment expense of 7% on average across all its products.
Get updates to this developing story directly on Stocktwits.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.