Has Lime ever made a profit?

Lime, a pioneering e-scooter company, has announced a significant milestone in its journey. The company has successfully achieved full-year profitability, marking a historical achievement in the e-scooter industry. This accomplishment positions Lime as the first of its kind to not only break even but also report a profit.

According to reliable sources such as TechCrunch, Lime's financial performance in 2022 was commendable. The company reported an adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $15 million, showcasing its strong operational efficiency and cost management.

Furthermore, Lime's unadjusted profitability stood at $4 million for the year, underscoring its ability to generate a healthy bottom line despite the challenges faced by the industry. This profit margin demonstrates Lime's resilience and strategic decision-making amidst a dynamic market landscape.

Lime's achievement of profitability is a testament to its innovative approach and commitment to providing sustainable and convenient transportation solutions. The company's e-scooters have become a popular mode of transportation in many cities around the world, offering users an eco-friendly and affordable alternative to traditional means of getting around.

Additionally, Lime has been proactive in addressing concerns related to safety and regulation. The company has invested in technology to enhance rider safety and has worked closely with local authorities to ensure compliance with regulations, further bolstering its reputation as a responsible and forward-thinking player in the industry.