Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>Lemonade, Inc. (NYSE: LMND) is a full-stack digital insurance carrier that has built its entire operation—from underwriting to claims—on artificial intelligence (AI) since inception. </li><li>Founded in 2015 and publicly traded on the NYSE, the company sells renters, homeowners, pet, auto, and life insurance through a single mobile app.</li><li>Its AI chatbots can bind policies in as little as 90 seconds and settle straightforward claims in minutes, with more than 55% of claims now processed without human adjusters.</li></ul>

Lemonade, Inc. (NYSE: LMND) is a full-stack digital insurance carrier that has built its entire operation—from underwriting to claims—on artificial intelligence (AI) since inception. Founded in 2015 and publicly traded on the NYSE, the company sells renters, homeowners, pet, auto, and life insurance through a single mobile app.Its AI chatbots can bind policies in as little as 90 seconds and settle straightforward claims in minutes, with more than 55% of claims now processed without human adjusters.

LMND: Initiating Coverage; From Code to Coverage

Lemonade Inc

LMND: Initiating Coverage; From Code to Coverage