LiveWire Group, Inc.

LVWR

LVWRLiveWire Group, Inc. US flag

New York Stock Exchange

1.29

USD

-0.10

- -

264.14MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	31	36	47	38	27	26
+ Sales & Services Revenue	31	36	47	38	27	26
- Cost of Revenue	56	38	44	44	39	30
+ Cost of Goods & Services	56	38	44	44	39	30
Gross Profit	-25	-3	3	-6	-13	-4
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	52	66	88	110	98	71
+ Selling, General & Admin	52	66	88	110	98	71
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-77	-68	-85	-116	-110	-75
- Non-Operating (Income) Loss	- -	- -	-6	-7	-16	-1
+ Interest Expense, Net	- -	- -	-1	-11	-6	-1
+ Interest Expense	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	1	11	6	1
+ Other Non-Op (Income) Loss	- -	- -	-5	4	-11	- -
Pretax Income	-77	-68	-79	-109	-94	-75
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-78	-68	-79	-110	-94	-75
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-78	-68	-79	-110	-94	-75
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-78	-68	-79	-110	-94	-75
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-78	-68	-79	-110	-94	-75
EBIT	-77	-68	-85	-116	-110	-75
EBITDA	-73	-63	-81	-110	-100	-65
EBITDA Margin (%)	-236.9	-177.24	-172	-289.71	-376.66	-254.53
EBITA	-77	-68	-85	-116	-110	-75
Gross Margin (%)	-80.86	-7.19	6.2	-15.18	-48	-17.27
Operating Margin (%)	-249.67	-190.42	-181.4	-305.05	-414.36	-294.03
Profit Margin (%)	-251.34	-190.73	-168.55	-288.12	-352.66	-292.59
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	4	5	4	6	10	10
Basic Weighted Avg Shares	161	161	172	203	203	204
Basic EPS, GAAP	-0.48	-0.42	-0.46	-0.54	-0.46	-0.37
Basic EPS from Cont Ops	-0.48	-0.42	-0.46	-0.54	-0.46	-0.37
Diluted Weighted Avg Shares	202	202	172	203	203	204
Diluted EPS, GAAP	-0.38	-0.34	-0.46	-0.54	-0.46	-0.37
Diluted EPS from Cont Ops	-0.38	-0.34	-0.46	-0.54	-0.46	-0.37

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	28	30	302	211	98	105
+ Cash, Cash Equivalents & STI	2	3	265	168	64	83
+ Cash & Cash Equivalents	2	3	265	168	64	83
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	5	7	3	8	4	4
+ Accounts Receivable, Net	5	7	3	8	4	4
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	21	17	29	32	27	15
+ Raw Materials	5	8	4	4	2	1
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	15	9	25	28	25	14
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	4	5	3	3	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	24	32	50	55	50	42
+ Property, Plant & Equip, Net	12	21	35	40	35	28
+ Property, Plant & Equip	18	31	47	57	60	60
- Accumulated Depreciation	5	9	13	17	25	32
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	11	11	15	16	15	13
+ Total Intangible Assets	11	11	10	10	9	9
+ Goodwill	8	8	8	8	8	8
+ Other Intangible Assets	3	2	2	1	1	1
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	5	6	5	4
Total Assets	52	62	352	266	148	146
+ Payables & Accruals	31	22	33	44	29	19
+ Accounts Payable	6	9	13	24	12	9
+ Accrued Taxes	- -	1	- -	1	1	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	24	12	19	20	16	10
+ ST Debt	2	1	1	1	- -	1
+ ST Borrowings	1	- -	- -	- -	- -	1
+ ST Finance Leases	1	1	1	1	- -	- -
+ Other ST Liabilities	3	5	1	1	1	2
+ Deferred Revenue	- -	2	- -	- -	- -	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	3	- -	1	1	1
Total Current Liabilities	35	28	34	46	30	23
+ LT Debt	3	8	2	1	- -	74
+ LT Borrowings	3	6	- -	- -	- -	74
+ LT Finance Leases	- -	2	2	1	- -	- -
+ Other LT Liabilities	11	6	9	13	3	3
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	11	6	9	13	2	3
Total Noncurrent Liabilities	15	14	11	14	3	78
Total Liabilities	50	42	45	60	33	100
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	329	340	344	352
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	329	340	344	351
- Treasury Stock	- -	- -	- -	2	3	4
+ Retained Earnings	- -	- -	-22	-132	-226	-301
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	2	20	307	206	115	46
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	2	20	307	206	115	46
Total Liabilities & Equity	52	62	352	266	148	146
Shares Outstanding	202	202	202	203	203	204
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	1	4	3	2	1	1
Net Debt	2	3	-265	-168	-64	-8
Net Debt to Equity	102.22	15.73	-86.45	-81.56	-55.98	-16.93
Tangible Common Equity Ratio	-22.21	18.16	86.83	76.49	76.3	26.88
Current Ratio	0.81	1.07	8.77	4.55	3.29	4.63
Cash Conversion Cycle	- -	156.17	158.53	162.76	166.66	111.11

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-78	-68	-79	-110	-94	-75
+ Depreciation & Amortization	4	5	4	6	10	10
+ Non-Cash Items	5	4	-9	14	- -	9
+ Stock-Based Compensation	- -	1	- -	9	5	5
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	3	2	1	3	6	3
+ Other Non-Cash Adj	1	1	-10	3	-11	1
+ Chg in Non-Cash Work Cap	15	-15	-6	6	-10	3
+ (Inc) Dec in Accts Receiv	2	-2	4	-5	3	- -
+ (Inc) Dec in Inventories	-10	2	-21	-6	-1	9
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	23	-11	13	15	-13	-7
+ Inc (Dec) in Other	- -	-3	-1	2	1	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-54	-75	-90	-83	-94	-54
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	-2	-1	1
+ Increase in Capital Stock	- -	- -	- -	- -	- -	2
+ Decrease in Capital Stock	- -	- -	- -	-2	-1	-1
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-3	-10	-14	-13	-8	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	-10	-14	-13	-8	-4
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	4	1	15	- -	- -	75
+ Cash From Debt	6	2	15	- -	- -	75
+ Repayments of Debt	-2	-1	- -	- -	- -	- -
+ Other Financing Activities	54	84	351	2	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	58	85	366	- -	-1	76
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	- -	263	-97	-103	18
EBITDA	-73	-63	-81	-110	-100	-65
EBITDA Margin (%)	-236.9	-177.24	-172	-289.71	-376.66	-254.53
Free Cash Flow	-54	-75	-90	-83	-94	-54
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-73	-74	-83	-94	21
Free Cash Flow per Basic Share	-0.33	-0.46	-0.52	-0.41	-0.46	-0.26
Price/Free Cash Flow	-38.06	-27.13	-9.3	-27.44	-10.41	-16.82
Cash Flow to Net Income	0.69	1.09	1.14	0.76	1	0.71
Capital Expenditures	- -	- -	- -	- -	- -	- -