Latest news with #DanielSchreiber
Yahoo
3 days ago
- Business
- Yahoo
Lemonade Inc (LMND) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Challenges
Revenue: Increased 27% year-on-year to $151 million in Q1 2025. In Force Premium (IFP): Grew 27% to just above $1 billion. Customer Count: Increased by 21% to 2.5 million. Premium per Customer: Increased 4% to $396. Annual Retention Rate (ADR): Decreased to 84% from 86% in the prior quarter. Gross Earned Premium: Increased 24% to $234 million. Gross Loss Ratio: 78% for Q1, compared to 79% in Q1 2024. Adjusted Gross Profit: Improved 25% year-on-year. Net Loss: $62 million, or a loss of $0.86 per share. Adjusted EBITDA Loss: $47 million in Q1. Total Cash, Cash Equivalents, and Investments: Approximately $996 million. Growth Spend: $38 million in Q1, nearly double the prior year quarter. Technology Development Expense: Increased 5% to $22 million. General and Administrative (G&A) Expense: Increased 20% to $36 million. Warning! GuruFocus has detected 3 Warning Signs with LMND. Release Date: May 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lemonade Inc (NYSE:LMND) reported a 27% year-on-year growth in Q1 2025, marking the sixth consecutive quarter of accelerating top-line growth. The company achieved a 25% year-on-year improvement in adjusted gross profit, despite the impact of California wildfires. Lemonade Car's quarter-over-quarter in-force premium (IFP) growth outpaced the rest of the business for the first time, signaling strong momentum. The company is on track to achieve EBITDA breakeven by the end of 2026, with expectations of generating positive adjusted free cash flow in 2025. Lemonade Inc (NYSE:LMND) has successfully leveraged AI to maintain or reduce fixed costs while significantly increasing its book size, demonstrating strong operational efficiency. The California wildfires had a notable impact on Q1 results, contributing 16 percentage points to the gross loss ratio. Annual dollar retention (ADR) decreased to 84%, down from 86% in the prior quarter, partly due to efforts to improve profitability in the home insurance book. The gross loss ratio for Q1 was 78%, slightly higher than the previous year's 79%, indicating ongoing challenges in managing claims costs. Operating expenses, excluding loss and loss adjustment expense, increased by 29% year-on-year, driven by growth spend and the impact of the FAIR plan assessment. Net loss for Q1 was $62 million, or $0.86 per share, compared to a net loss of $47 million or $0.67 per share in the prior year, reflecting ongoing financial challenges. Q: Can you elaborate on the timeline for reaching EBITDA profitability and what levers will drive this? A: Daniel Schreiber, CEO, explained that Lemonade aims to achieve adjusted EBITDA breakeven by the end of 2026, with 2027 being the first full year of positive adjusted EBITDA. The company expects gross profit to grow faster than fixed costs, driven by AI efficiencies, bringing them closer to profitability. Q: What impact did the California wildfires have on gross profit, and how are tariffs affecting your full-year guidance? A: Tim Bixby, CFO, noted that the California wildfires had a $44 million gross impact, aligning with prior estimates. The tariff impact is expected to be modest, with single-digit percentage effects on claims. Lemonade is comfortable with its full-year guidance, assuming a modest headwind from tariffs. Q: How is Lemonade's Car business performing, and what are the plans for geographic expansion? A: Daniel Schreiber, CEO, highlighted that Lemonade Car is growing faster than the rest of the business, with a focus on refining the product before expanding geographically. The company is currently available to 40% of the U.S. market and plans to expand further once the product is optimized. Q: How is AI impacting Lemonade's competitive position in the insurance industry? A: Daniel Schreiber, CEO, emphasized that Lemonade's AI capabilities allow for better data utilization and risk assessment compared to traditional insurers. The company's digital infrastructure enables it to connect data points effectively, providing a competitive advantage in pricing and customer acquisition. Q: What percentage of new car sales are cross-sales from existing Lemonade customers? A: Tim Bixby, CFO, stated that about half of new car sales are cross-sales from existing customers, up from a third previously. This trend is expected to continue, leveraging Lemonade's existing customer base for more efficient growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
28-05-2025
- Business
- Yahoo
Alchmy Hospitality's Daniel Schreiber Honored with Prestigious "Chef of the Future" Award by International Academy of Gastronomy
Atlantic Highlands, New Jersey--(Newsfile Corp. - May 28, 2025) - Chef Daniel Schreiber, founder of Alchmy Hospitality, has been awarded the coveted "Prix Au Chef de l'Avenir" (Chef of the Future) by the International Academy of Gastronomy, one of the culinary world's most selective and prestigious recognitions. The honor places Schreiber among an elite global cohort of culinary visionaries and marks a defining moment for luxury hospitality in New Jersey. Image 1 To view an enhanced version of this graphic, please visit: The award, which recognizes exceptional culinary talent and innovation, will be celebrated with an exclusive dinner event in Atlantic Highlands on June 6, 2025. A waterfront venue will host Academy members, industry luminaries, and Alchmy's distinguished clientele for an evening showcasing Schreiber's visionary approach to luxury hospitality. "At Alchmy Hospitality, we're genuinely redefining what innovation in culinary hospitality means," said Chef Schreiber. "For us, innovation isn't just about using modern cooking techniques or trendy ingredients; it's about completely rethinking hospitality as a whole. We've built a culture around the simple but powerful idea that if our team is genuinely happy, inspired, and passionate, that energy naturally flows into everything we create." The International Academy of Gastronomy, comprised of 30 national academies across four continents, selects only one chef per country annually for this distinction. Previous recipients have gone on to reshape culinary landscapes in their respective regions and globally. This recognition comes just over a year after Alchmy Hospitality's founding in early 2024, validating the company's mission to curate extraordinary culinary experiences that seamlessly blend innovation, craftsmanship, and personalized service. The company has quickly established itself as a premier luxury hospitality provider, serving prestigious clients including Ralph Lauren, Nutella, EY, Forbes and Fortune 500 executives. "This award doesn't change our direction, but it does validate it," Schreiber noted. "We've never been about following culinary trends; we've always been committed to actively shaping them. This recognition simply strengthens our confidence to stay true to our path, keep personalizing, and keep setting the standard." As the official American representative honored by the Academy this year, Schreiber embraces the responsibility of showcasing American hospitality on the global stage. "While we embrace global culinary influences, it's an important time to showcase the true meaning of American hospitality. With our commitment to warmth, creativity, and genuine care for all of our guests," he said. The June 6th celebration will feature a menu that reflects Alchmy's authentic, thoughtful approach while offering glimpses of the company's future innovations. This event also highlights Alchmy's strategic expansion into venue operations. Looking ahead, Schreiber plans to leverage this recognition to further elevate hospitality standards throughout the New Jersey and New York metro area. "We'll use this momentum to introduce fresh culinary ideas, meaningful collaborations, and new hospitality concepts," he explained. "Our aim is simple: to elevate expectations and consistently deliver extraordinary experiences that inspire its core, our passion comes from knowing that people trust us with their most important moments—we're literally creating memories for their special occasions, whether corporate or private. That responsibility drives and motivates us every single day." Follow Alchmy Hospitality on Instagram @ for updates, events, and behind-the-scenes looks at how the chemistry unfolds. About Alchmy Hospitality Founded in 2024 by Chef Daniel Schreiber and his wife Stephanie, Alchmy Hospitality delivers exceptional culinary experiences by combining top-tier gastronomy, personalized service, and industry-leading expertise. Headquartered in Atlantic Highlands, NJ, Alchmy provides luxury catering, event staffing and management, culinary consulting, food styling, and strategic industry collaborations. The company caters to affluent private clients, corporate organizations, high-end social events, and culinary industry professionals seeking memorable and refined hospitality experiences. Media Contact:Stephanie SchreiberDirector of Sales & ServiceAlchmy Hospitalitybooking@ To view the source version of this press release, please visit Sign in to access your portfolio
