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. (symbol: LVWR) is an all-electric vehicle company that stands at the forefront of the electric motorcycle market. Based in the United States, LiveWire not only sells electric motorcycles but also offers related parts, accessories, and apparel both domestically and in select international markets.
Core Business Segments:
- Electric Motorcycles: This segment focuses on the design and manufacturing of cutting-edge electric motorcycles. Notable products include the LiveWire ONE and the recently launched Del Mar electric motorcycle.
- STACYC: A segment dedicated to electric balance bikes aimed at a younger audience, providing an entry point into the world of electric mobility.
Revenue Streams: LiveWire generates revenue through the sale of electric motorcycles, parts, accessories, and branded apparel. The company leverages its innovative designs and strong brand heritage to attract a growing customer base.
Recent Achievements:
- Despite challenging market conditions, LiveWire has continued to innovate, introducing new models like the Del Mar electric motorcycle.
- The company has maintained its focus on product development, which has been key to sustaining competitive advantage.
Financial Condition:
In recent quarters, LiveWire has faced various challenges, including a decline in unit sales and operating losses tied to product development. For instance, in the second quarter of 2023, LiveWire reported an operating loss of $32 million, primarily driven by development spending on new products. Similarly, in the third quarter, the company registered an operating loss of $25 million.
Partnerships: LiveWire benefits from a controlling interest held by Harley-Davidson Inc., which provides strategic support and access to a vast dealer network. This relationship aids in brand development and market penetration.
Current Projects: The launch of the Del Mar electric motorcycle is a significant focus. This model is expected to bolster LiveWire's market position and appeal to a broader range of customers.
LiveWire's vision is to be the most desirable electric motorcycle brand in the world, drawing on its innovative DNA and a decade of experience in the electric vehicle sector. With ongoing efforts in product development and market expansion, LiveWire is poised to play a pivotal role in the future of urban mobility and beyond.
LiveWire (LVWR) and KYMCO have expanded their strategic partnership to develop LiveWire's first electric maxi-scooter, primarily targeting the European market. The new vehicle will utilize LiveWire's S2 powertrain and is scheduled for launch in the first half of 2026. This collaboration builds upon their existing partnership from 2022, when KYMCO invested in LiveWire. The project combines KYMCO's expertise in premium scooters and EV technology with LiveWire's S2 Arrow powertrain technology to create a commute-friendly maxi-scooter focused on urban mobility.
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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