earnings
confidence high
sentiment negative
materiality 0.70
LiveWire Q2 net loss $40.7M; e-motorcycle shipments 33, down 85% YoY
LiveWire Group, Inc.
2023-Q2 EPS reported
-$0.31
revenue$14,788,000
- Consolidated revenue $7.0M, down 44% YoY; e-motorcycle rev $0.8M vs $5.1M.
- Net loss $40.7M includes $11.4M non-operating warrant mark-to-market expense.
- Electric motorcycle unit sales guidance cut to 600-1,000 for FY 2023.
- Operating loss guidance reaffirmed at $115-125M; cash $216M at quarter end.
- Del Mar production start expected in Q3 2023; European retail network activated.