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Stock impact report

LiveWire Group, Inc. Reports 2024 First Quarter Financial Results

LiveWire Group, Inc. (LVWR) 
Company Research Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--LiveWire Group, Inc. (“LiveWire” or the “Company”) (NYSE: LVWR) today reported first quarter 2024 results.“We are pleased with the successful launch of the S2 Mulholland, and with three bikes in market, we are proud that LiveWire is now the #1 on-road electric motorcycle retailer in the U.S. As part of our plans to expand our market leadership, our teams are working on design, engineering and sourcing initiatives to reduce the cost of our vehicles and manage spend across the business to get the most out of our strategic investments. We expect the consolidation of our operations in Milwaukee at Harley-Davidson’s historic headquarters at Juneau Avenue to bring synergies and efficiencies, as well as a closer connection to our heritage,” said Karim Donnez, CEO, LiveWire.First Quarter 2024 Summary of ResultsSuccessful launch of S2 Mulholland in MarchUnit sales of 117 electric motorcycles, an increase of 86% over first quarter 2023Consolidated operating loss Show less Read more
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