Welcome to our dedicated page for LiveWire Group news (Ticker: LVWR), a resource for investors and traders seeking the latest updates and insights on LiveWire Group stock.
LiveWire Group, Inc. reports developments in electric motorcycles and electric balance bikes through its LiveWire and STACYC businesses. The company sells electric motorcycles, related parts, accessories and apparel, while STACYC sells electric balance bikes for kids and related products in the United States and selected international markets. LiveWire is majority owned by Harley-Davidson, Inc. and focuses on the electric motorcycle sector.
Recurring news includes quarterly financial results, unit sales trends by segment, operating-loss and cash-flow updates, product and platform activity such as the S2 Alpinista and STACYC offerings, and broader electric two-wheel development. Company updates also cover international market activity, rider and event showcases, law-enforcement applications, cost controls and capital actions tied to its public-company financing program.
Azenta (NASDAQ: AZTA) has appointed three new independent directors to its Board: William Cornog (former head of KKR Capstone), Quentin Koffey (Founder of Politan Capital Management, owning 9.4% of Azenta), and Alan Malus (former Executive VP of Thermo Fisher). The company established a new Value Creation Committee to focus on long-term value creation, growth initiatives, and capital deployment. The committee will be chaired by William Cornog and includes the new directors along with CEO John Marotta and current director Martin Madaus. Azenta has also reaffirmed its full-year 2024 financial guidance previously announced on August 6th, 2024.
LiveWire Group reported Q3 2024 results with 99 electric motorcycle units sold, representing a 98% increase from Q3 2023. However, consolidated revenue decreased 45% to $4.4 million, primarily due to lower electric balance bike sales. The company's net loss widened to $22.7 million from $14.6 million year-over-year. Operating expenses decreased by $1.4 million, while operating loss increased by $1.2 million. The company revised its 2024 electric motorcycle sales guidance to 600-1,000 units and reaffirmed expected operating loss of $105-115 million.
LiveWire Group, Inc. (NYSE: LVWR) has announced it will release its third quarter 2024 financial results on October 24, 2024, before market hours. The company will host an audio webcast from 8-9 a.m. CDT to discuss the results, business developments, and outlook updates. LiveWire leadership will join the Harley-Davidson, Inc. webcast for this purpose.
Participants are advised to log on and register at least 10 minutes before the start time. The slide presentation will be accessible at the provided investor relations link. A replay of the webcast will be available approximately two hours after the call concludes. LiveWire, majority-owned by Harley-Davidson, Inc., focuses on the electric motorcycle sector.
LiveWire Group, Inc. (NYSE: LVWR) reported its Q2 2024 financial results, showing mixed performance across its segments. The Electric Motorcycles segment saw 379% growth in unit sales year-over-year, reaching 158 units. However, STACYC electric balance bike sales declined by 53%. Despite an 8% decrease in consolidated revenue to $6.4 million, the company improved its consolidated operating loss by 12% to $28.2 million.
Key highlights include:
- Maintained #1 position in U.S. on-road electric motorcycle retail sales for H1 2024
- Electric Motorcycles revenue increased by 219% to $2.4 million
- STACYC revenue decreased by 36% to $4.0 million
- Net loss improved by 39% to $24.8 million
LiveWire reaffirmed its 2024 outlook, expecting 1,000-1,500 electric motorcycle sales and an operating loss of $105-$115 million.
LiveWire Group (NYSE: LVWR) will announce its Q2 2024 financial results before market opens on July 25, 2024. The report will be discussed during an audio webcast from 8-9 a.m. CDT, featuring LiveWire leadership and Harley-Davidson executives. The webcast, including a slide presentation, will be available on LiveWire's investor relations website. A replay will be accessible two hours post-conference. LiveWire, primarily owned by Harley-Davidson, specializes in the electric motorcycle market.
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