earnings
confidence high
sentiment negative
materiality 0.80
LiveWire Q3 net loss $22.7M; revenue down 45%; cuts EV bike sales outlook
LiveWire Group, Inc.
2024-Q3 EPS reported
-$0.35
revenue$15,872,000
- Consolidated revenue $4.4M, down 45% YoY; electric motorcycle revenue $1.2M (-10%), STACYC $3.2M (-52%).
- Net loss $22.7M vs $14.6M in Q3 2023; operating loss $26.5M, up 5%.
- Electric motorcycle units sold 99 (up 98% YoY); balance bike units 3,442 (down 52%).
- Revises FY2024 electric motorcycle sales guidance to 600-1,000 units; reaffirms operating loss $105-115M.
- CEO cites challenging two-wheel EV market; plans new product segment at EICMA in November.