LiveWire Group restates 2022 quarterly financials after premature revenue recognition of $2.9 million

LiveWire Group, Inc.

Prematurely recognized $1.1M in Q1 2022 and $1.8M in Q2 2022 for electric balance bikes shipped without batteries.
Audit Committee concluded quarterly statements for Q1, Q2, and Q3 2022 should no longer be relied upon.
Corrected financials to be included in 2022 Form 10-K expected by March 6, 2023.
LiveWire reported 2022 revenue of $46.8M and operating loss of $85.3M in Harley-Davidson's 10-K.
Harley-Davidson's 10-K incorporated by reference includes LiveWire segment financial details.

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