Lemonade (LMND) Tops Q2 EPS by 23c

Lemonade (NYSE: LMND) reported Q2 EPS of ($1.10), $0.23 better than the analyst estimate of ($1.33). Revenue for the quarter came in at $50 million versus the consensus estimate of $47.56 million.

GUIDANCE:

Lemonade sees Q3 2022 revenue of $63-65 million, versus the consensus of $56.98 million.

Lemonade sees FY2022 revenue of $236-239 million, versus the consensus of $214.67 million.

Third Quarter 2022
Lemonade expects, including the impact of Metromile beginning on July 28:
• In force premium at September 30 of $595 - $600 million
• Gross earned premium of $127 - $129 million
• Revenue of $63 - $65 million
• Adjusted EBITDA loss of ($74) - ($69) million
• Stock-based compensation expense of approximately $16 million
• Capital expenditures of approximately $3 million
• Weighted total common shares outstanding of approximately 67
million

Full Year 2022

Lemonade expects, including the impact of Metromile beginning on July 28:
• In force premium at December 31 of $610 - $615 million
• Gross earned premium of $476 - $480 million
• Revenue of $236 - $239 million
• Adjusted EBITDA loss of ($245) - ($240) million
• Stock-based compensation expense of approximately $60 million
• Capital expenditures of approximately $10 million
• Weighted total common shares outstanding of approximately 70
million

For earnings history and earnings-related data on Lemonade (LMND) click here.

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