Is Lime a profitable company?

Lime has emerged as a pioneering player in the micromobility sector, achieving a significant milestone by posting a full year of profitability. This accomplishment underscores the company's resilience and strategic vision amidst the highly competitive and dynamic industry landscape.

The financial highlights of Lime's 2022 performance are impressive, with gross bookings reaching $466 million. This figure represents a remarkable 33% year-on-year growth, showcasing the company's ability to scale and expand its operations effectively.

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Notably, Lime's growth was not limited to a single quarter but was consistent throughout the year. Each quarter of 2022 witnessed more than 20% year-on-year growth, further emphasizing the company's sustained momentum and strong market position.

The success of Lime can be attributed to several factors, including its innovative approach to micromobility solutions, robust technology infrastructure, and strategic partnerships. By continuously enhancing its offerings and addressing customer needs, Lime has been able to differentiate itself in a crowded market.