LiveWire Group Stock Is Gaining Monday: What's Going On?
LiveWire Group Inc. (NYSE: LVWR ) stock surged more than 71% on Monday after the electric motorcycle maker reported strong second-quarter revenue growth and narrower losses. Second-Quarter Results Boost Investor Sentiment On Thursday, LiveWire reported second-quarter results for the period ended June 30. Revenue increased 55% year over year to $9.1 million from $5.9 million, driven by higher unit sales in both its Electric Motorcycles and STACYC businesses. The company also reduced its net loss to $18.2 million from $18.8 million a year earlier. Adjusted EBITDA loss improved to $15.1 million from $15.7 million. LiveWire maintained its full-year guidance. “The second quarter marked an important step forward in the execution of our strategic growth plan,” Chief Executive Karim Donnez said. He cited the start of production of the new S4 Honcho platform, the acquisition of Dus...
LiveWire Group Inc. (NYSE: LVWR ) stock surged more than 71% on Monday after the electric motorcycle maker reported strong second-quarter revenue growth and narrower losses. Second-Quarter Results Boost Investor Sentiment On Thursday, LiveWire reported second-quarter results for the period ended June 30. 9 million, driven by higher unit sales in both its Electric Motorcycles and STACYC businesses.
8 million a year earlier. 7 million. LiveWire maintained its full-year guidance. “The second quarter marked an important step forward in the execution of our strategic growth plan,” Chief Executive Karim Donnez said.
He cited the start of production of the new S4 Honcho platform, the acquisition of Dust Motorcycles and continued cost discipline as key drivers of the quarter’s performance. Electric Motorcycles And STACYC Deliver Growth The Electric Motorcycles segment posted the strongest growth. 8 million. 0 million as lower selling, administrative and engineering expenses were offset by higher inventory-related costs.
The STACYC segment also improved. 5 million as unit sales rose 7% to 5,223 electric balance bikes. 3 million operating loss a year earlier, helped by tariff recoveries. Product Expansion And Market Position During the quarter, LiveWire completed its acquisition of Dust Motorcycles and began production of the S4 Honcho platform, with the first units expected to reach dealers later this summer.
S. 50-plus kilowatt electric on-road motorcycle market. 7 million. 9 million in cash and cash equivalents.
Harley-Davidson Inc. (NYSE: HOG ) remains LiveWire’s majority and controlling shareholder. 50 at the time of publication on Monday, according to Pro data. Photo via Shutterstock Read Also: Dow Jumps Over 400 Points; AstraZeneca Shares Rise After Q2 Earnings