LiveWire Group Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
LVWR$0.47-3.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)
| Three months ended | Six months ended | |||
|---|---|---|---|---|
| June 30,2024 | June 30,2023 | June 30,2024 | June 30,2023 | |
| Revenue, net | $6,449 | $7,026 | $11,427 | $14,788 |
| Costs and expenses: | ||||
| Cost of goods sold (including related party amounts of $4,363 and $9,539 for three and six months ended June 30, 2024, respectively, and $5,443 and $7,491 for three and six months ended June 30, 2023, respectively; see Note 11) | 8,231 | 9,966 | 17,336 | 16,464 |
| Selling, administrative and engineering expense (including related party amounts of $2,539 and $5,487 for three and six months ended June 30, 2024, respectively, and $3,957 and $8,189 for three and six months ended June 30, 2023, respectively; see Note 11) | 26,383 | 29,044 | 52,678 | 55,215 |
| Total operating costs and expenses | 34,614 | 39,010 | 70,014 | 71,679 |
| Operating loss | (28,165) | (31,984) | (58,587) | (56,891) |
| Interest income | 1,596 | 2,754 | 3,612 | 5,446 |
| Change in fair value of warrant liabilities | 1,792 | (11,438) | 6,550 | (10,370) |
| Loss before income taxes | (24,777) | (40,668) | (48,425) | (61,815) |
| Income tax provision | 28 | 64 | 24 | 64 |
| Net loss | (24,805) | (40,732) | (48,449) | (61,879) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustments | (6) | — | (24) | — |
| Comprehensive loss | $(24,811) | $(40,732) | $(48,473) | $(61,879) |
| Net loss per share, basic and diluted (Note 5) | $(0.12) | $(0.20) | $(0.24) | $(0.31) |
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