LiveWire Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 06:50 am
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LiveWire Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 7.03 million compared to USD 12.51 million a year ago. Net loss was USD 40.73 million compared to USD 19.58 million a year ago. Basic loss per share from continuing operations was USD 0.2.
For the six months, sales was USD 14.79 million compared to USD 22.91 million a year ago. Net loss was USD 61.88 million compared to USD 35.56 million a year ago. Basic loss per share from continuing operations was USD 0.31.
LiveWire Group, Inc. is an all-electric motorcycle brand with a focus on pioneering the growing two-wheel electric motorcycle space. The Company has two segments: Electric Motorcycles and STACYC. The Electric Motorcycles segment primarily focuses on the designing and selling of electric motorcycles and also sells electric motorcycle parts, accessories, and apparel. Its electric motorcycles are sold at wholesale to a network of independent dealers and retailers, at retail through the Company-owned dealership, and through online sales. The Electric Motorcycles segment sells electric-powered motorcycles under the LiveWire brand. The STACYC segment is primarily focused on the designing and selling of electric balance bikes for kids. The STACYC segmentâs products are sold at wholesale to independent dealers and independent distributors, as well as direct to consumers online. STACYC sells electric balance bikes under the STACYC brand while working with brand partners on co-branded products.
LIVEWIRE GROUP, INC. 
