LiveWire Group, Inc. SEC 10-Q Report

LiveWire Group, Inc., a leading innovator in the electric motorcycle industry, has released its Form 10-Q report for the first quarter of 2025. The report highlights significant financial and operational metrics, reflecting the company's ongoing efforts to manage costs and innovate within the electric vehicle market.

Financial Highlights

• Total Revenue, net: $2.743 million, a decrease of 45% compared to $4.978 million for the same period in 2024, primarily due to lower unit sales and changes in product mix.
• Operating loss: $20.666 million, improved by 32.1% from an operating loss of $30.422 million in the prior year, driven by cost reduction activities and lower personnel costs.
• Net loss: $19.271 million, improved by 18.5% from a net loss of $23.644 million in the prior year, reflecting the early-stage nature of the business and cost management efforts.
• Net loss per share, basic and diluted: $(0.09), improved from $(0.12) in the prior year, reflecting the decrease in net loss.

Business Highlights

• Revenue Segments: The Electric Motorcycles segment reported a decrease in revenue by 66.3% to $419 thousand, primarily due to a 71.8% decrease in unit sales from 117 units in 2024 to 33 units in 2025. The STACYC segment also saw a revenue decline of 37.8% to $2,324 thousand, driven by reduced shipment volumes and product pricing adjustments.
• Geographical Performance: For the three months ended March 31, 2025, the United States accounted for $2,197 thousand of the total revenue, while other countries contributed $546 thousand.
• Sales Units: Wholesale Motorcycle Unit Sales decreased to 32 units from 74 units in the previous year. Company Retail Motorcycle Unit Sales also dropped significantly to 1 unit from 43 units. Total Electric Balance Bike and Electric Bike Unit Sales fell to 1,970 units from 2,932 units.
• New Product Launches: The STACYC segment launched an adult pedal assist electric bike in the United States in March 2025, expanding its product offerings.
• Future Outlook: LiveWire's focus for the remainder of 2025 includes cost improvements, development of future electric motorcycle models, and product innovation. The company plans to use its current cash on hand and available funds under the Convertible Term Loan to support its core business operations and strategic plan.

SEC Filing: LiveWire Group, Inc. [ LVWR ] - 10-Q - May. 06, 2025