LiveWire Q1 revenue down 25% to $7.8M; net loss widens to $21.1M

LiveWire Group, Inc.

2023-Q1 EPS reported -$0.10 revenue$7,762,000

Revenue $7.8M (-25% YoY); electric motorcycle revenue $1.5M (-36%) on 63 units sold vs 72 in prior year.
Net loss $21.1M vs $16.0M in Q1 2022; operating loss $24.9M (+59%).
STACYC segment revenue $6.3M (-22%); operating income swung to -$0.1M from +$1.0M.
Reaffirms FY2023 guidance: 750-2,000 electric motorcycle units and operating loss $115-125M.
Cash and equivalents $236M; non-binding $200M term sheet from majority shareholder available.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LiveWire Group, Inc. reported first quarter results for the financial period ended March 31, 2023 results: revenue $7.8, net income ($21.1). Guidance reaffirmed.

Period: first quarter results for the financial period ended March 31, 2023
Revenue: $7.8
Net income: ($21.1)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

LiveWire Group, Inc. – Consolidated Results $ in millions, except units 1st quarter 2023 2022 Change Consolidated Revenue $7.8 $10.4 (25 %) Electric Motorcycles $1.5 $2.3 (36 %) STACYC $6.3 $8.1 (22 %) Consolidated Operating Income (Loss) ($24.9) ($15.7) 59 % Electric Motorcycles ($24.8) ($16.7) 48 % STACYC ($0.1) $1.0 NM Net Loss ($21.1) ($16.0) 32 %

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Source: SEC EDGAR

accession 0001898795-23-000034

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