8-K
filed February 8, 2024, 6:59 PM ET
ticker LVWR
CIK 0001898795
earnings
confidence high
sentiment negative
materiality 0.75
LiveWire reports Q4 revenue up 64% to $15.1M; FY net loss widens to $109.6M; 2024 unit guidance 1,000-1,500
LiveWire Group, Inc.
2023-FY EPS reported
-$0.54
revenue$38,023,000
- Q4 2023 revenue $15.1M (+64% YoY); net loss $33.1M vs $22.4M loss in Q4 2022.
- Full year revenue $38.0M (-19% YoY); net loss $109.6M vs $78.9M loss in 2022.
- Electric motorcycle units 660 (+21% YoY); STACYC revenue $26.5M (-19%), operating income $0.6M (-86%).
- 2024 guidance: electric motorcycle sales 1,000-1,500 units; operating loss $115M-$125M.
- CEO cites strong Del Mar launch; expects product innovation, market expansion, cost improvements in 2024.
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 full year ended December 31, 2023 results: revenue $38.0, net income $109.6 million.
- Period
- full year ended December 31, 2023
- Revenue
- $38.0
- Net income
- $109.6 million
- Result
- reported results
Exact text from the filing
developing models on the S2 platform LiveWire Group, Inc. – Consolidated Results $ in millions* 4th quarter Full Year 2023 2022 Change 2023 2022 Change Revenue $15.1 $9.2 64 % $38.0 $46.8 (19 %) Operating (Loss) ($33.8) ($28.9) 17 % ($116.0) ($85.0) 36 % Net Loss ($33.1) ($22.4) 48 % ($109.6) ($78.9) 39 % LiveWire Group, Inc. – Segment Results $ in millions*,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
LiveWire Group, Inc. reported fourth quarter for the financial period ended December 31, 2023 results: revenue $15.1, net income $33.1 million.
- Period
- fourth quarter for the financial period ended December 31, 2023
- Revenue
- $15.1
- Net income
- $33.1 million
- Result
- reported results
Exact text from the filing
investment in developing models on the S2 platform LiveWire Group, Inc. – Consolidated Results $ in millions* 4th quarter Full Year 2023 2022 Change 2023 2022 Change Revenue $15.1 $9.2 64 % $38.0 $46.8 (19 %) Operating (Loss) ($33.8) ($28.9) 17 % ($116.0) ($85.0) 36 % Net Loss ($33.1) ($22.4) 48 % ($109.6) ($78.9) 39 % LiveWire Group, Inc. – Segment Results
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LiveWire Group, Inc. updated its full year 2024 guidance (initiated).
- Period
- full year 2024
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the full year 2024, the Company expects: • Electric Motorcycle sales of 1,000 to 1,500 revenue units • Operating Loss of $115 million to $125 million
View on SEC.gov
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