LiveWire (US:LVWR)2025-07-30 10:52Financial Performance - Consolidated revenue for Q2 2025 was $5.9 million, a decrease of 9% compared to $6.5 million in Q2 2024[5] - Consolidated operating loss reduced by 35% to $18.3 million from $28.2 million in the same quarter last year[5] - Net loss for Q2 2025 was $18.8 million, down 24% from $24.8 million in Q2 2024[5] - Net loss for the six months ended June 30, 2025, was $38,097 million, an improvement from a net loss of $48,449 million for the same period in 2024, indicating a reduction of about 21.4%[25] Revenue Breakdown - STACYC revenue increased by 25% to $5.0 million, with electric balance bike and electric bike units sold rising by 27% to 4,872[9] - Electric motorcycle revenue decreased by 65% to $0.8 million, with units sold dropping to 55 from 158 in the prior year[11] Cash Flow and Expenses - The company reduced net cash used during the year by 36% to $35.1 million compared to $54.9 million in the previous year[5] - Selling, administrative, and engineering expenses decreased by $7.6 million from the same quarter in 2024, primarily due to cost reduction initiatives[7] - The net cash used by operating activities was $32,367 million for the six months ended June 30, 2025, compared to $48,886 million in 2024, reflecting an improvement of about 33.8%[25] Market Expansion and Guidance - LiveWire entered Norway as a new market and continued to expand dealer contracts in existing European markets[7] - The company updated its operating loss guidance to a range of $59 million to $69 million due to ongoing market volatility[13] - LiveWire remains the 1 electric motorcycle retailer in the US 50+ horsepower on-road EV segment despite challenges in the EV market[3] Asset and Liability Changes - Total assets decreased from $147,960 million on December 31, 2024, to $109,770 million as of June 30, 2025, representing a decline of approximately 25.8%[23] - Total current liabilities decreased from $29,854 million on December 31, 2024, to $27,241 million as of June 30, 2025, a reduction of about 8.7%[23] - Accounts payable increased from $1,738 million to $2,872 million, showing an increase of approximately 65.2%[23] Capital Expenditures and Equity - Capital expenditures for the six months ended June 30, 2025, were $2,043 million, down from $5,080 million in the same period of 2024, a decrease of about 59.9%[25] - The total shareholders' equity decreased from $115,115 million on December 31, 2024, to $79,684 million as of June 30, 2025, a decline of approximately 30.8%[23] Inventory and Stock Compensation - Inventory write-downs amounted to $936 million for the six months ended June 30, 2025, significantly lower than $3,249 million in the same period of 2024, indicating a decrease of about 71.2%[25] - The company reported a stock compensation expense of $3,444 million for the six months ended June 30, 2025, compared to $2,563 million in 2024, an increase of approximately 34.4%[25]