LiveWire says it has substantial doubt about continuing as a going concern
LiveWire said it has substantial doubt about its ability to continue operating, and it withdrew its full-year financial guidance. The warning sent the company’s stock down more than 40% on Thursday morning.
LiveWire, the electric motorcycle brand born from Harley-Davidson, said it has substantial doubt about its ability to continue operating as a going concern. The company also withdrew its full-year financial guidance.
The announcement raised concerns about the company’s financial future. LiveWire’s stock fell more than 40% on Thursday morning after the warning.
No further details were provided in the source about the cause of the warning or next steps.