UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41511 LiveWire Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 3700 West Juneau Avenue (65 ...

LiveWire Group (LVWR) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Shawn Collins - Director of IRJochen Zeitz - Chairman, President, and CEO - Harley-DavidsonJonathan Root - Chief Financial Officer, Harley DavidsonRobin Farley - Managing DirectorAlexander Perry - Director, Equity ResearchDavid Macgregor - PresidentTristan Thomas - Equity Research Associate Conference Call Participants Craig Kennison - Director of Research Operations & Senior Research AnalystJoseph Altobello - MD & Sen ...

FOR IMMEDIATE RELEASE LiveWire Group, Inc. Reports 2025 First Quarter Financial Results MILWAUKEE (May 1, 2025) – LiveWire Group, Inc. ("LiveWire" or the "Company") (NYSE: LVWR) today reported first quarter 2025 results. Total Company Highlights | $ in millions* | | 1st quarter | | | --- | --- | --- | --- | | | 2025 | 2024 | Change | | Consolidated Operating Loss | ($20.7) | ($30.4) | 32% | | Net Loss | ($19.3) | ($23.6) | 18% | | (1) Net Cash Used During the Quarter | ($18.2) | ($26.9) | 32% | *Amounts may ...

Financial Performance - LiveWire's net loss for the year ended December 31, 2024, was $93,925 thousand, a decrease from a net loss of $109,550 thousand in 2023, reflecting a 14.3% improvement [349]. - Revenue for 2024 decreased to $26,633 thousand, down 30.5% from $38,023 thousand in 2023 [428]. - Operating loss for 2024 was $110,356 thousand, slightly improved from a loss of $115,989 thousand in 2023 [428]. - The overall decrease in cash and cash equivalents was $103,467 thousand for 2024, compared to a decrease of $97,336 thousand for 2023 [398]. - LiveWire's cash and cash equivalents decreased to $64,437 thousand as of December 31, 2024, down from $167,904 thousand in 2023 [387]. - Net cash used by operating activities increased by $10,397 thousand to $93,859 thousand for the year ended December 31, 2024, compared to $83,462 thousand for 2023 [399]. - Total assets decreased to $147,960 thousand in 2024, down 44.3% from $266,147 thousand in 2023 [431]. - Total liabilities reduced to $32,845 thousand in 2024, a decrease of 45.6% from $60,284 thousand in 2023 [431]. - Shareholders' equity fell to $115,115 thousand in 2024, down 44.1% from $205,863 thousand in 2023 [431]. Segment Performance - The Electric Motorcycles segment reported an operating loss of $105,500 thousand for 2024, compared to an operating loss of $116,611 thousand in 2023, representing a 9.5% reduction in losses [350]. - Revenue for the Electric Motorcycles segment decreased by $3,167 thousand, or 27.4%, to $8,381 thousand in 2024 from $11,548 thousand in 2023, with unit sales down 7% to 612 [379]. - The STACYC segment experienced an operating loss of $4,856 thousand in 2024, a significant decline from an operating income of $622 thousand in 2023, marking an 880.7% change [351]. - The STACYC segment's revenue decreased by $8,223 thousand, or 31.1%, to $18,252 thousand in 2024 from $26,475 thousand in 2023, primarily due to lower shipment volumes of electric balance bikes [383]. Sales and Market Strategy - Total Electric Balance Bike Unit Sales decreased to 18,549 units in 2024 from 32,113 units in 2023, reflecting a 42.4% decline [366]. - Wholesale Motorcycle Unit Sales totaled 511 units in 2024, down from 533 units in 2023, a decrease of 4.1% [365]. - Company Retail Motorcycle Unit Sales fell to 101 units in 2024 from 127 units in 2023, a decline of 20.5% [365]. - Total Retail Motorcycle Unit Sales increased to 492 units in 2024, up from 337 units in 2023, representing a 46.0% increase [365]. - Effective November 5, 2024, LiveWire changed its go-to-market strategy in Europe from direct sales to wholesale distribution through independent dealers, aiming to enhance growth and unit sales [356]. - LiveWire plans to expand its business internationally, which is expected to increase its exposure to currency rate risk [419]. Cost Management and Future Plans - LiveWire plans to relocate its product development facility from Mountain View, California, to Milwaukee, Wisconsin, to optimize efficiencies and reduce costs [352]. - LiveWire's focus for 2025 will be on cost improvements, product innovation, and market growth [362]. - LiveWire plans to utilize current cash and funds from the Convertible Term Loan for core operations, new product development, and enhancing manufacturing capabilities, with $8,468 thousand in purchase order commitments for fiscal year 2025 [394]. - LiveWire estimates capital expenditures to be between $8 million and $12 million in 2025 [400]. Cash Flow and Financing - LiveWire does not expect to generate positive cash flow from operations over the next twelve months, relying on existing cash and a $100 million Convertible Term Loan from H-D [388]. - Net cash used in investing activities decreased by $5,394 thousand to $8,068 thousand for the year ended December 31, 2024, compared to $13,462 thousand for 2023, due to lower capital expenditures [400]. - Net cash used by financing activities increased by $1,032 thousand to $1,444 thousand for the year ended December 31, 2024, compared to $412 thousand for 2023 [401]. Audit and Compliance - LiveWire's financial statements are based on significant accounting policies that require management to make critical estimates and assumptions [403]. - The company has been audited by Ernst & Young LLP since 2021, ensuring compliance with U.S. generally accepted accounting principles [427]. - The audit provides reasonable assurance that the financial statements are free of material misstatement [425]. - The company is required to maintain independence in accordance with U.S. federal securities laws and PCAOB regulations [424]. Inventory and Liabilities - As of December 31, 2024, LiveWire had a liability of $6,156 thousand for excess inventory components held by H-D under the Contract Manufacturing Agreement [396]. - The company's inventories, net, decreased to $26,942 thousand in 2024 from $32,122 thousand in 2023, with electric motorcycles and balance bikes accounting for $24,862 thousand [512]. - The balance of warranty and recall liabilities at the end of 2024 was $881,000, down from $1,011,000 at the end of 2023, indicating a decrease of approximately 12.9% [543]. Research and Development - The Company incurred research and development expenses of $41,742 thousand, $54,070 thousand, and $35,612 thousand for the years 2024, 2023, and 2022, respectively [469]. - The company has a strategic focus on developing new electric motorcycle models and related accessories to capture a larger market share [450].

LiveWire Group, Inc. (NYSE:LVWR) Q4 2024 Earnings Conference Call February 5, 2025 9:00 AM ET Company Participants Shawn Collins - Director, Investor Relations Jochen Zeitz - Chief Executive Officer Jonathan Root - Chief Financial Officer Karim Donnez - Chief Executive Officer, LiveWire Conference Call Participants Megan Clapp - Morgan Stanley Joe Altobello - Raymond James James Hardiman - Citi Robin Farley - UBS Fred Wightman - Wolfe Research Alex Perry - Bank of America Joe Nolan - Longbow Research Noah Z ...

"In 2024, we undertook several initiatives to navigate the market dynamics and turned challenges into opportunities to reposition the business for 2025. We now expect to reduce our cash burn by 40% or more in 2025 compared to 2024. The Company plans to continue establishing its leadership in the EV space. With our world-class products, first-class team, and best-in-the-industry retail partners, we will continue to relentlessly improve the fundamentals of the business and position ourselves for long-term suc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41511 LiveWire Group, Inc. (Exact name of registrant as specified in its charter) Delaware 87-4730333 (State or other jurisdiction of incorporation or organization)(I.R ...

LiveWire Group, Inc. (NYSE:LVWR) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Shawn Collins - Director, Investor Relations Jochen Zeitz - Chief Executive Officer Jonathan Root - Chief Financial Officer Karim Donnez - Chief Executive Officer, LiveWire Conference Call Participants Craig Kennison - Robert W. Baird Megan Alexander - Morgan Stanley James Hardiman - Citi Joseph Altobello - Raymond James Robin Farley - UBS Fred Wightman - Wolfe Research Alex Perry - Bank of Ame ...

Q3 2024 Results Thursday, October 24, 2024 Q3 2024 RESULTS – EARNINGS CALL Call Participants ▪ Jochen Zeitz, Chairman, President and CEO ▪ Jonathan Root, Chief Financial Officer ▪ Karim Donnez, CEO – LiveWire (NYSE: LVWR) ▪ Shawn Collins, Director Investor Relations 2 3 Q3 2024 PERFORMANCE HEADLINES • Delivered diluted EPS of $0.91 • Consolidated operating income of $106 million, down 49% year-over-year • North American retail sales down 10% year-over-year • Global retail sales down 13% year-over-year, wher ...

*Amounts may not add or recalculate due to rounding. FOR IMMEDIATE RELEASE LiveWire Group, Inc. Reports 2024 Third Quarter Financial Results MILWAUKEE, WI (October 24, 2024) – LiveWire Group, Inc. ("LiveWire" or the "Company") (NYSE: LVWR) today reported third quarter 2024 results. "While the two-wheel industry has been challenging in 2024, especially for EV products in the U.S., the Company had reasons to celebrate in Q3, including being awarded best 2024 electric bike by Motor Cycle News and enjoying a gl ...