LiveWire Group Q3 revenue rises on higher unit sales
Overview
U.S. electric motorcycle maker's Q3 revenue rose 38% yr/yr on higher unit sales
Company posted Q3 net loss of $18.6 mln, operating loss narrowed from prior year
Management raised substantial doubt about going concern, formed restructuring committee, withdrew guidance
Outlook
Company withdraws previously issued 2026 full-year operating loss guidance of $70-$80 mln
LiveWire says substantial doubt exists about its ability to continue as a going concern
Company is evaluating financing, strategic alternatives and restructuring options to support operations
Result Drivers
HIGHER UNIT SALES - Co said Q3 revenue growth was driven by increased unit sales in both Electric Motorcycle and STACYC segments
ELECTRIC MOTORCYCLE SEGMENT - Co said 31% increase in electric motorcycle unit sales led to $1.7 mln revenue increase in segment
STACYC SEGMENT - Co said 20% increase in STACYC unit sales resulted in $0.5 mln revenue increase, though operating loss widened due to higher freight costs
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Loss | $18.60 mln | ||
Q3 Operating Income | -$17.50 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)