Fri, Feb 21, 10:07 PM (64 days ago)
**LiveWire Group, Inc. (LVWR) 2024 Annual Report Summary** For the fiscal year ending December 31, 2024, LiveWire Group, Inc. reported a net loss of $93,925,000, an improvement from a loss of $109,550,000 in 2023. Revenues decreased by 30.0% to $26,633,000, driven by a 27.4% decline in Electric Motorcycles revenue, which totaled $8,381,000, and a 31.1% drop in STACYC revenue to $18,252,000. The Electric Motorcycles segment suffered an operating loss of $105,500,000, while STACYC reported an operating loss of $4,856,000. Operating expenses decreased by 4.9%, reflecting cost-cutting measures and reduced product development expenses. Cash and equivalents decreased significantly to $64,437,000 from $167,904,000 in 2023, primarily due to increased cash burn in operations. Strategically, LiveWire aims to enhance market share in the electric motorcycle segment and has shifted its European strategy to wholesale distribution through independent dealers. Risks include reliance on H-D for manufacturing, supply chain disruptions, and the competitive landscape of the electric vehicle market. The company anticipates continued losses as it invests in product development and market expansion. **Outlook:** LiveWire will focus on cost improvements and product innovation while navigating a challenging market environment.