Lemonade, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2023 and Full Year Ending December 31, 2023
August 02, 2023 at 09:47 pm
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Lemonade, Inc. provided earnings guidance for the third quarter ending September 30, 2023 and full year ending December 31, 2023. For the quarter, the company expects revenue of $102 million - $104 million.
For the year, company expects revenue of $402 million - $408 million.
Lemonade, Inc. offers renters, homeowners, car, pet, and life insurance. The Company's full stack insurance carriers, powered by artificial intelligence, in the United States and the European Union replace brokers and bureaucracy with bots and machine learning. The Company's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, collecting and deploying data. Its technology includes Data Advantage, AI Maya, AI Jim, CX.AI, Forensic Graph, Blender and Cooper. AI Maya, its onboarding and customer experience bot, uses natural language to guide customers in joining the Company. AI Jim, its claims bot, takes the first notice of loss from its customer making a claim, paying the claimant or declining the claim without human intervention. It offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Even its basic pet insurance offering covers blood tests, urinalysis, lab work, and computed tomography scans.
LEMONADE, INC. 
