Two great quotes from yesterday's interview with the CEO of $LMND-2.6% 👌
"The peak of losses is over."
a
"We had a 115% increase in revenue and only a 4% increase in operating expenses."
Buying?
Lemonade, Inc.
LMNDCapital Structure
Market Cap
1.3B
Enterpr. Val.
1.0B
Valuation
P/E
-6.2
P/S
3.2
He says that, but what is the general market outlook and more importantly the one for the sector? Not a buy yet for me, not at least until the rest of the metrics look to be in place.
I don't know the company completely, but based on the results and outlook for the rest of the year, it doesn't look bad. However, since I have no insight and don't know the company very well, I don't know what to expect next or what the potential is going forward.
Being sure that the peak of losses is behind us seems a bit dangerous to me 😄