LiveWire Q2 net loss narrows to $24.8M; electric motorcycle sales surge 379% YoY

LiveWire Group, Inc.

2024-Q2 EPS reported -$0.24 revenue$11,427,000

Electric motorcycle units 158, up 379% from 33 in Q2 2023; electric balance bike units 3,825, down 53%.
Consolidated revenue $6.4M, down 8% YoY; Electric Motorcycles revenue $2.4M (+219%), STACYC $4.0M (-36%).
Consolidated operating loss -$28.2M, improved 12% vs -$32.0M prior year; net loss -$24.8M, improved 39%.
Maintained #1 on-road electric motorcycle retailer in U.S. for H1 2024.
FY 2024 guidance: electric motorcycle sales 1,000-1,500 units; operating loss $105-115M.

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