LiveWire Group Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
LVWR$0.47-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| September 30,2024 | September 30,2023 | September 30,2024 | September 30,2023 | |
| Revenue, net | $4,445 | $8,144 | $15,872 | $22,932 |
| Costs and expenses: | ||||
| Cost of goods sold (including related party amounts of $2,857 and $12,396 for three and nine months ended September 30, 2024, respectively, and $2,094 and $9,585 for three and nine months ended September 30, 2023, respectively; see Note 11) | 5,965 | 7,052 | 23,301 | 23,516 |
| Selling, administrative and engineering expense (including related party amounts of $2,756 and $8,241 for three and nine months ended September 30, 2024, respectively, and $3,338 and $11,527 for three and nine months ended September 30, 2023, respectively; see Note 11) | 25,005 | 26,435 | 77,683 | 81,650 |
| Total operating costs and expenses | 30,970 | 33,487 | 100,984 | 105,166 |
| Operating loss | (26,525) | (25,343) | (85,112) | (82,234) |
| Interest income | 1,252 | 2,726 | 4,864 | 8,172 |
| Change in fair value of warrant liabilities | 2,581 | 8,038 | 9,131 | (2,332) |
| Loss before income taxes | (22,692) | (14,579) | (71,117) | (76,394) |
| Income tax (benefit) provision | 2 | (1) | 26 | 63 |
| Net loss | (22,694) | (14,578) | (71,143) | (76,457) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustments | 5 | (7) | (19) | (7) |
| Comprehensive loss | $(22,689) | $(14,585) | $(71,162) | $(76,464) |
| Net loss per share, basic and diluted (Note 5) | $(0.11) | $(0.07) | $(0.35) | $(0.38) |
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