Lemonade not expecting ‘cash flow positivity for couple of years’: CEO Schreiber
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Lemonade not expecting ‘cash flow positivity for couple of years’: CEO Schreiber

Marcel Le Gouais
August 05, 2021
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Daniel Schreiber lemonade in back tech crunch.jpg
Noam Galai/Getty Images for TechCrunch

InsurTech Lemonade’s CEO Daniel Schreiber has said that the company will remain cashflow negative for the next couple of years as it privileges growth and new product development, but hinted that it expects to make money before it burns through all of its cash.

Schreiber described the insurer’s perspective on profitability during an earnings call this morning, after a results update yesterday showed the InsurTech posted a net loss for Q2 of $55.6mn

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Topics

ResultsNewsInsurTechLemonadeEarnings
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Marcel Le Gouais
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