LIVEWIRE GROUP Reports 50.7% Decrease in Q2 Earnings for FY2023
August 22, 2023
🌥️Earnings Overview
On July 27 2023, LIVEWIRE GROUP ($NYSE:LVWR) released their Q2 FY2023 earnings report, indicating a total revenue of USD 7.0 million and net income of -USD 40.7 million for the quarter ending June 30 2023.
Analysis
The financials of LIVEWIRE GROUP can be examined and evaluated using GoodWhale’s analysis. According to the risk rating, LIVEWIRE GROUP is a low-risk investment in terms of financial and business aspects. GoodWhale has detected one risk warning in the balance sheet that may need to be checked out. To see it, users must become registered and log in. This would allow users to have access to more detailed information regarding the financials of LIVEWIRE GROUP and make an informed decision. The risk rating is an important factor that should be taken into consideration while evaluating the financials of LIVEWIRE GROUP, as it provides insight into the company’s financial outlook. To get a full picture of the company’s financials, it is important to analyze the balance sheet and look out for risk warnings. GoodWhale has identified one such warning, so users must register and log in for a more in-depth analysis of the financials of LIVEWIRE GROUP. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Livewire Group. More…
| Total Revenues | Net Income | Net Margin |
| 35.96 | -105.51 | -278.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Livewire Group. More…
| Operations | Investing | Financing |
| -93.23 | -16.53 | 320.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Livewire Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 310.46 | 61.33 | 1.23 |
Key Ratios Snapshot
Some of the financial key ratios for Livewire Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -293.8% |
| FCF Margin | ROE | ROA |
| -305.3% | -24.6% | -21.3% |
Peers
The competition between LiveWire Group Inc and its competitors, Yadea Group Holdings Ltd, Volcon Inc, and Phoenix Motor Inc, is fierce. All of these companies strive to produce the most innovative and highest quality products in the industry. With cutting edge technology, superior customer service, and a commitment to excellence, each of these companies is determined to be the leader in the market.
– Yadea Group Holdings Ltd ($SEHK:01585)
Yadea Group Holdings Ltd is a Chinese motorized vehicle manufacturer focused on researching, developing, producing and selling electric bicycles, electric scooters and related parts. The company has a market capitalization of 38.59B as of 2023, indicating a strong market presence. Yadea’s Return on Equity is 23.88%, which is an indicator of its profitability and efficiency in utilizing its shareholder’s capital. Yadea has an impressive portfolio of electric vehicles and have been gaining market share in recent years, solidifying their position as one of the leading players in the industry.
– Volcon Inc ($NASDAQ:VLCN)
Volcon Inc is a company focused on the development and manufacturing of advanced electric vehicles and related technologies. The company has a market cap of 24.62M as of 2023, indicating that it is a relatively small-cap stock. Furthermore, the company’s Return on Equity (ROE) of -318.71% shows that it is not currently generating a positive return on its equity investments. This suggests that the company may need to make some changes in order to improve its financial performance.
– Phoenix Motor Inc ($NASDAQ:PEV)
Phoenix Motor Inc is an automotive company based in the United States. The company designs and manufactures cars, trucks, and other motor vehicles. As of 2023, Phoenix Motor Inc has a market capitalization of 21.71M, which indicates its current market value. The company’s Return on Equity (ROE) is -56.7%, indicating that the company is not able to generate profits from its investments and shareholders’ funds. This means that the company is not able to maximize shareholder wealth efficiently. As a result, the company is likely not generating enough returns to be attractive to investors.
Summary
Investors have been cautious about LIVEWIRE GROUP following the release of their Q2 FY2023 earnings report on July 27, 2023. Revenue for the quarter was USD 7 million, a decrease of 50.7% compared to the same period last year. Net income was reported as USD -40.7 million, down from -19.8 million in the same quarter of the prior year. This news caused the stock price to move downwards.
Despite this, some investors remain optimistic about the future prospects of LIVEWIRE GROUP due to their strong financial position and solid performance in previous quarters. It is recommended that potential investors conduct thorough research before investing in this company.
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