M&A
confidence high
sentiment negative
materiality 0.75
LiveWire reports Q3 2022 revenue $12M, net loss $21.9M as SPAC deal closes
LiveWire Group, Inc.
- Net loss $21.9M in Q3 vs $17.2M loss a year ago; nine-month loss $57.2M vs $48.5M.
- Revenue rose 70% in Q3 to $12M driven by electric motorcycles and balance bikes.
- Business combination with AEA-Bridges Impact Corp closed Sep 26; net proceeds ~$293.7M.
- Received $100M deposit from KYMCO pre-close; recorded as restricted cash and deferred consideration.