secwatch.observer — SEC 8-K summary
======================================

Issuer:     LiveWire Group, Inc. (LVWR)
CIK:        0001898795
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001898795-24-000113
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiveWire Q1 revenue down 36% to $5.0M, net loss $23.6M; revises FY operating loss guidance to $105-115M
--------------------------------------------------------------------------------

- Revenue $5.0M (down 36% YoY), net loss $23.6M; Electric Motorcycle units 117 (+86% YoY).
- STACYC revenue $3.7M (-41% YoY), operating loss $1.4M vs $0.1M prior year.
- Revised FY2024 operating loss guidance to $105-115M (from $115-125M); unit sales guidance unchanged at 1,000-1,500.
- Plan to relocate LiveWire Labs to Milwaukee with headcount reduction; expects one-time costs $3.0-5.0M, annual savings $8-10M post-2024.
- President Ryan Morrissey departing May 10; role eliminated; receives severance benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898795/000189879524000113/0001898795-24-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898795/000189879524000113/lvwr-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001898795-24-000113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer