Lemonade Say It Expects Accelerating Top Line Growth And Improving Bottom Line In 2024; On Track To Turn Cash Flow Positive During 2025 And Adj. EBITDA Positive During 2026
Portfolio Pulse from Benzinga Newsdesk
Lemonade anticipates accelerating top line growth and an improving bottom line in 2024, with plans to become cash flow positive in 2025 and achieve adjusted EBITDA positivity in 2026.
February 27, 2024 | 9:56 pm
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Lemonade expects to see an acceleration in top line growth and improvements in its bottom line by 2024, with a trajectory towards cash flow positivity in 2025 and adjusted EBITDA positivity by 2026.
The announcement by Lemonade regarding its financial outlook is highly relevant and important for investors as it provides a clear growth trajectory and financial goals. The positive outlook towards top line growth, bottom line improvement, and future profitability milestones like cash flow positivity and adjusted EBITDA positivity are likely to be viewed favorably by the market. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100