Lemonade the AI tech based insurance company reporting after the bell yesterday and that lemon got squeezed. And I don't mean a short squeeze!
Loss Narrows But Revenue Dips...
Its all about the potential...
With most new tech based companies it is all about projecting revenue growth. Most of these companies lose money for several years all on the premise of every dollar is being reinvested to grow (including growing revenues).
Revenue did the opposite of grow...
The insurance company generated revenue of $20.5 million in its fourth quarter, down from $23.5 million last year.
However, it was above analysts projected revenue of $19.2 million.
Nonetheless, investors don't like to see a drop in revenue on a growth stock, thus we get the chart shown above.
Stock price gapped down and sold off throughout the session, shedding 16% on the day.
2021 has been a rough start for the stock has it has sold off after making an all time high above $180 to kick off the first week of the year
Posted Using LeoFinance Beta
I did not know about this company until you mentioned it.
Doing research on it right now.
Thanks for the lead.
Posted Using LeoFinance Beta
Do you think this is a good opportunity to buy some stocks?
Posted Using LeoFinance Beta
Oh goodness, who knows. I've thought stocks are in a bubble for 6 months now but if the gov't keeps printing and doing stimulus after stimulus who knows how high things could go!
Posted Using LeoFinance Beta
I keep feeling like valuations are high, volatility is up, and demand is sketchy after the shutdowns. I keep feeling like it should pull back, but it just keeps going up!
Posted Using LeoFinance Beta
You statement holds true for the whole damn market! lol
Posted Using LeoFinance Beta
Way too expensive for an insuance company. Just cant assign tech values to insurance. I will wait for bear market and pick some up at 90% off.
Posted Using LeoFinance Beta
Getting crushed on my earnings Iron Condor
I wonder why their revenue declined. Definitely not a good look for a new tech company in these times haha
Posted Using LeoFinance Beta