LiveWire warns it may not survive as a going concern

Harley-Davidson's electric motorcycle brand LiveWire said it has substantial doubt about its ability to continue operating and withdrew its full-year guidance. Third-quarter revenue rose 38% to $7.9 million, but the net loss reached $18.6 million and cash reserves fell to $39.9 million, sending shares down more than 40%.

• Q3 revenue rose 38% to $7.9 million, unit sales up 21%
• Net loss for the quarter was $18.6 million
• Cash reserves fell from $82.8 million to $39.9 million
• A restructuring committee will explore financing, partnerships or a sale