Lemonade Reports Q2 GAAP EPS Loss of $0.56 and Revenue Beat
Lemonade reported a GAAP earnings per share (EPS) loss of -$0.56 for the second quarter, which was in line with expectations. The company's revenue came in at $294.4 million, surpassing estimates by $2.88 million and marking an increase of 79% year-over-year. The growth in revenue is attributed to a rise in gross earned premiums. Despite the continued GAAP loss per share, Lemonade demonstrated strong top-line performance driven primarily by its insurance operations.
Tickers: $LMND
Topics: financial_results revenue_growth