TLDR
- LVWR jumped 58.44% in after-hours trading to $1.22 after Q2 results
- Consolidated revenue rose 55% year-over-year to $9.1 million
- Net loss narrowed slightly to $18.2 million from $18.8 million
- LiveWire completed the acquisition of Dust Motorcycles in May
- The stock closed the regular session at $0.77, down 15.29% before the after-hours surge
LiveWire Group’s stock came roaring back after hours on Thursday, jumping 58.44% to $1.22 after the electric motorcycle maker posted second-quarter results showing a 55% jump in consolidated revenue.
The stock had actually closed the regular session down 15.29% at $0.77, making the after-hours move all the more dramatic.
Revenue came in at $9.1 million for the quarter ended June 30, up from $5.9 million in the same period last year. The gain was driven by higher unit sales across both of LiveWire’s business segments.
LiveWire operates two segments: Electric Motorcycles and STACYC, which sells electric balance bikes for children.
The net loss narrowed to $18.2 million from $18.8 million a year ago. Adjusted EBITDA loss also improved slightly, coming in at $15.1 million compared to $15.7 million in the prior year period.
CEO Karim Donnez called the quarter “an important step forward in the execution of our strategic growth plan.”
Dust Acquisition and S4 Honcho Launch
In May, LiveWire completed its acquisition of Dust Motorcycles, an electric off-road motorcycle manufacturer. The deal expands LiveWire’s footprint in a growing off-road segment.
The company also started production on its new S4 Honcho platform, a lineup of lightweight, 125cc-equivalent electric mini-motorcycles. The range includes the S4 Honcho Trail and S4 Honcho Street models, aimed at a more accessible price point.
LiveWire said its full-year guidance remains unchanged following the Q2 results.
Stock Context and Analyst Sentiment
Despite the after-hours pop, the stock is still deep in the red over the past year, down 82.85% over the past 12 months. Its 52-week high sits at $6.44, a long way from where it’s trading now.
The stock has a market cap of around $157 million to $185 million depending on the session. It trades well below both its 50-day moving average of $1.13 and its 200-day moving average of $1.76.
Weiss Ratings reiterated a “sell (e+)” rating on July 17th. MarketBeat’s average analyst rating also sits at Sell.
Institutional interest has been ticking up, with Vanguard lifting its position by 109.4% and Geode Capital Management raising its stake by 102% in recent quarters.
Harley-Davidson remains the majority and controlling stakeholder in LiveWire.
The company reported EPS of -$0.09 for the quarter, with a negative net margin of 263.77% and a negative return on equity of 137.09%.
The RSI for LVWR stands at 40.37, and the stock remains close to its 52-week low of $0.65.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Be the first to comment