LiveWire Q3 revenue falls 45% to $8.1M; electric motorcycle units down 76%

LiveWire Group, Inc.

2023-Q3 EPS reported -$0.38 revenue$22,932,000

Net loss $14.6M vs $20.9M a year ago; improvement driven by $8M warrant mark-to-market income and $2.7M interest income.
Electric motorcycle revenue $1.3M (down 73% YoY) on 50 units vs 206; Del Mar production commenced on S2 platform.
STACYC revenue $6.8M (down 30%); segment operating income $0.4M vs $1.5M.
Affirmed FY2023 guidance: 600-1,000 electric motorcycle units and operating loss of $115-125M.
CEO cites Del Mar launch at ~35% lower price than prior model; European reservations planned for Q4.

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 0.95

LiveWire Group, Inc. reported third quarter for the financial period ended September 30, 2023 results: revenue $8.1, net income $14.6 million. Guidance reaffirmed.

Period: third quarter for the financial period ended September 30, 2023
Revenue: $8.1
Net income: $14.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(units) 50 206 (76 %) Third Quarter 2023 Results LiveWire Group, Inc. – Consolidated Results $ in millions, except units * 3rd quarter 2023 2022 Change Consolidated Revenue $8.1 $14.7 (45 %) Electric Motorcycles $1.3 $4.9 (73 %) STACYC $6.8 $9.8 (30 %) Consolidated Operating Income (Loss) ($25.3) ($21.0) 21 % Electric Motorcycles ($25.7) ($22.5) 14 %

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Source: SEC EDGAR

accession 0001898795-23-000137

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