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.
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LiveWire Group, Inc. (NYSE: LVWR) announced its Q1 2023 results, showing a consolidated revenue decline of $7.8 million, down 25% from $10.4 million in Q1 2022. The company sold 63 LiveWire ONE electric motorcycles, a 13% decrease from last year’s 72. The electric motorcycle segment reported revenue of $1.5 million, a 36% drop, while STACYC’s revenue fell by 22% to $6.3 million. Operating losses increased to $24.9 million, compared to $15.7 million in the previous year, attributed to higher product development costs. Looking ahead, the company maintains its 2023 guidance, forecasting electric motorcycle unit sales between 750 to 2,000 and an operating loss between $115 million and $125 million.