LiveWire Group, Inc. [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-25-22	Jun-26-22
	10-Q	10-Q	10-K	10-Q	10-Q
Total revenues	61.6	67.1	69.7	58.7	58.7
Revenue growth	5.0%
Cost of goods sold	60.4	63.3	67.2	61.6	61.6
Gross profit	1.2	3.8	2.6	-2.9	-2.9
Gross margin	2.0%	5.6%	3.7%	-5.0%	-5.0%
Selling, general and administrative [+]	140.8	130.7	120.3	99.9	99.6
Sales and marketing	58.6	48.5		38.1	37.8
General and administrative			82.2
EBITDA [+]	-133.8	-120.5	-110.5		-95.0
EBITDA growth	40.9%
EBITDA margin	-217.1%	-179.6%	-158.5%	-162.2%	-161.8%
Depreciation and amortization	5.8	6.4	7.2		7.5
EBIT [+]	-139.6	-127.0	-117.7	-102.8	-102.5
EBIT growth	36.2%
EBIT margin	-226.5%	-189.2%	-168.8%	-175.0%	-174.6%
Interest income, net [+]	6.2	3.4	0.7		0.0
Interest expense			0.5		0.0
Interest income	6.6	3.9	1.2
Other income (expense), net [+]	-28.5	-17.1	-18.4	-19.4	-18.1
Change in fair value of warrants				-1.8
Other			0.4	0.4	0.2
Pre-tax income	-161.9	-140.7	-135.5	-122.2	-120.6
Income taxes	0.0	0.1	0.1	0.3	0.3
Tax rate		0.0%	-0.1%	-0.2%
Net income	-161.9	-140.8	-135.6	-122.5	-120.9
Net margin	-262.7%	-209.8%	-194.4%	-208.6%	-205.9%

Basic EPS [+]	($1.04)	($0.97)	($1.00)	($0.93)	($1.00)
Growth	3.9%
Diluted EPS [+]	($1.04)	($0.97)	($1.00)	($0.93)	($1.00)
Growth	3.9%

Shares outstanding (basic) [+]	155.7	145.3	135.0	132.2	120.8
Growth	28.9%
Shares outstanding (diluted) [+]	155.7	145.3	135.0	132.2	120.8
Growth	28.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.