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For second time, Lime announces adjusted EBITDA-profitable quarter


Shared micromobility operator Lime is on track for third quarter adjusted EBITDA profitability, marking this as the second profitable quarter in the company’s history, according to CEO Wayne Ting. During the Wall Street Journal Tech Live event, Ting said COVID has turned from a “headwind into a tailwind,” heralding more prosperous times in the year to come.
Sound familiar?
Around this time last year, at the WSJ Future of Everything event, Ting also boasted of the company’s movement beyond the financial hardships of the pandemic and toward Q3 profitability. Lime said it was operating both cash flow positive and free cash flow positive, with expectations to be full-year profitable in 2021. Unfortunately, COVID got in the way aga …

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