LiveWire Group Stock Whipsaws Tuesday Following Massive Rally

LiveWire Group Inc. (NYSE: LVWR ) stock remained volatile on Tuesday after soaring more than 71% on Monday following stronger-than-expected second-quarter earnings. LiveWire Group Second-Quarter Results 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 Dust Motorcycles and continued cos...