LiveWire Group, Inc. - LVWR STOCK NEWS

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.

LiveWire, a leader in electric motorcycles, has announced the MSRP of its new model, the S2 Del Mar, priced at $15,499 USD for U.S. customers. Reservations for the production version will open in three colorways, with expected delivery in July. In Europe, the limited Launch Edition of 100 bikes will be available for €20,190 in France and €19,990 in Germany, among others. Reservations open on April 27 at 4 p.m. CET, requiring a €100 fee. The bicycles will feature a unique Himalaya White finish, handcrafted over five days, and deliveries are set for September. LiveWire is focused on electric motorcycle technology, backed by its major shareholder, Harley-Davidson.

LiveWire Group (NYSE: LVWR) will announce its first quarter financial results on April 27, 2023, before market hours. The public can join an audio webcast from 8-9 a.m. CDT, featuring president Ryan Morrissey, who will discuss the company's financial results, business developments, and future outlook. Participants are encouraged to register 10 minutes prior to the event. A replay of the webcast will be available two hours after it concludes. LiveWire, focused on the electric motorcycle sector, is majority owned by Harley-Davidson.

LiveWire announces its entry into the European market, enhancing its geographic expansion strategy and promoting electric motorcycling. Starting March 15, reservations for the LiveWire ONE motorcycle will be open in Germany, France, the Netherlands, and the United Kingdom, with deliveries expected to begin in April 2023. The LiveWire ONE offers a range of over 140 miles in the city and 90 miles in mixed conditions, priced between €24,990 and €25,390 depending on the country. With advanced rider safety features and flexible charging options, the company aims to lead the EV motorcycle market.

LiveWire Group, Inc. (NYSE: LVWR) reported its full-year 2022 results, showcasing significant milestones, including becoming the first listed electric motorcycle company on the NYSE. The company sold 597 electric motorcycles, exceeding expectations, and nearly doubled its U.S. retail network to 75 locations. Despite a 28% drop in consolidated revenue to $9 million for Q4 and increased operating losses due to higher R&D expenses, annual revenue rose 31% to $47 million. For 2023, LiveWire expects to sell between 750 to 2,000 electric motorcycles, with an operating loss projected between $115 million and $125 million.

LiveWire Group, Inc. (NYSE: LVWR) will release its fourth quarter and year-end 2022 financial results before market hours on February 2, 2023. An audio webcast is scheduled for 8-9 a.m. CT featuring LiveWire president Ryan Morrissey, who will discuss financial results and business updates. A slide presentation will be available 30 minutes before the webcast starts. Participants should log on at least 10 minutes early. A replay will be accessible about two hours after the call ends. LiveWire focuses on the electric motorcycle sector and is majority owned by Harley-Davidson.

EPAM Systems has won the 'Most Impactful Headless Application' award for its collaboration with LiveWire at the Acquia Engage Awards. This recognition highlights EPAM's successful transformation of LiveWire's customer experience and website, enhancing user interactions from research to purchase. EPAM utilized MACH technologies to create a robust digital platform, engaging customers effectively. This marks EPAM's third consecutive win at the awards, set against a competitive field of 120 entries.

Damon Motors, an electric motorbike company, has surpassed a $90M global order backlog, expecting to exceed $250M through international partnerships, notably with Auteco. Their advanced EV motorcycles feature innovations like HyperDrive™ and Co-Pilot™, aiming to replace gas-powered bikes. The company is scaling up production with a new 108,000 sq ft facility in Vancouver, Canada, and a pilot facility in San Rafael, California, preparing for over 3500 waiting customers. Damon targets producing one million units annually to significantly reduce emissions and enhance motorcycle safety.