LiveWire (US:LVWR)2025-11-04 11:52Financial Performance - Consolidated revenue for Q3 2025 was $5.7 million, a 28% increase from $4.4 million in Q3 2024[5] - Consolidated operating loss decreased by 29% to $18.8 million in Q3 2025 from $26.5 million in Q3 2024[5] - Net loss for Q3 2025 was $19.4 million, down 15% from $22.7 million in the same quarter last year[5] - Net loss for the nine months ended September 30, 2025, was $57,492 million, an improvement from a net loss of $71,143 million in the same period of 2024, representing a reduction of about 19%[24] - The company reported a net cash used by operating activities of $45,648 million for the nine months ended September 30, 2025, compared to $71,990 million in the same period of 2024, a decrease of approximately 37%[24] - The company experienced a net cash decrease of $48,113 million in the nine months ended September 30, 2025, compared to a net decrease of $79,462 million in the same period of 2024, an improvement of about 39%[24] Revenue Breakdown - STACYC revenue grew by 46% to $4.7 million in Q3 2025, with unit sales increasing by 69% to 5,805 units[9] - Electric motorcycle unit sales surged by 86% to 184 units in Q3 2025, although revenue decreased by 20% to $1.0 million due to increased incentives[11] Cash and Assets - Year-to-date net cash used decreased by 39% to $48.1 million compared to $79.5 million in the same period of 2024[5] - Cash and cash equivalents decreased from $64,437 million at the beginning of the period to $16,324 million at the end, a decline of approximately 75%[24] - Total assets decreased from $147,960 million in December 2024 to $89,220 million in September 2025, a decline of approximately 40%[22] Liabilities and Expenditures - Total current liabilities decreased from $29,854 million in December 2024 to $24,057 million in September 2025, a reduction of about 19%[22] - Accounts payable increased from $1,738 million in December 2024 to $2,539 million in September 2025, an increase of approximately 46%[22] - Capital expenditures for the nine months ended September 30, 2025, were $2,778 million, down from $6,661 million in the same period of 2024, a decrease of about 58%[24] Inventory and Capital - Inventory write-downs decreased from $4,294 million in 2024 to $2,163 million in 2025, a reduction of approximately 50%[24] - The company’s additional paid-in-capital increased from $344,409 million in December 2024 to $349,366 million in September 2025, an increase of about 1.4%[22] Future Outlook - Future operating loss guidance for 2025 has been updated to a range of $72-$77 million, up from the previous $59-$69 million[13] - The company launched an At-The-Market offering to raise up to $50 million in additional capital through share issuance[7] - New products, S4 Honcho™ Trail and S4 Honcho™ Street, are set to begin production in Spring 2026[3] - The company is extending temporary pricing incentives on S2 models through December 15, 2025, due to positive consumer response[13]