Harley-Davidson spinoff LiveWire faces substantial doubt about its ability to survive as a standalone company over the next year
Axios reports LiveWire sold 241 electric motorcycles in the third quarter and posted an $18.6 million net loss.
TLDR
LiveWire, Harley-Davidson’s majority-owned electric motorcycle spinoff, issued a going-concern notice Thursday, Axios reports. The company cited recurring operating losses, negative cash flows from operations, limited liquidity and future funding needs as reasons for substantial doubt about its ability to survive as a standalone company over the next year. It is considering financing, partnerships, investments and a possible sale.
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