LiveWire stock plunged 42% after going-concern warning in Q3 earnings
The Harley-Davidson-backed company cited liquidity concerns and a $70 million to $80 million loss forecast cut as shares fell 42% in New York trading.
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6 Articles
Harley-Davidson’s electric motorcycle brand LiveWire warns it may not survive
Harley-Davidson-born electric motorcycle maker LiveWire has issued a troubling warning about its financial future, announcing that it has substantial doubt about its ability to continue operating as a going concern. The news sent LiveWire’s stock plunging more than 40% on Thursday morning as the company withdrew its full-year financial guidance. more…
LiveWire, Harley-Davidson's electric motorcycle brand, recognizes that it has "significant doubts" about its ability to last another year. It had only $39.9 million in cash left at the end of September, twice as much as at the beginning of the year.
Harley-Davidson spinoff issues 'going concern,' faces Chapter 11 or 7 Bankruptcy
When Harley-Davidson spun off its LiveWire electric motorcycle brand in 2022, the company seemed to have a promising future. Instead of a traditional IPO, the company raised money via a $1.77 billion SPAC merger, and Harley kept a 74% stake. The company, however, struggled to gain traction,…
Electric motorcycle company LiveWire in peril as company issues going-concern warning
Despite a 38% rise in revenue in the third quarter, Harley-Davidson electric motorcycle spin off company LiveWire is navigating an uncertain future amid a going concern warning issued at the release of its third quarter results this morning. The issuing followed LiveWire CEO Karim Donnez’ resignation last week and the formation of a special restructuring committee. […]
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