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Mar 31, 2024
Lazydays Q1 2024 Earnings Report
Lazydays reported results reflecting a focus on reducing the quantity and improving the health of vehicle inventory.
Key Takeaways
Lazydays reported a decrease in total revenue to $270.6 million compared to $295.7 million for the same period in 2023. The company experienced a net loss of $22.0 million, a significant increase from the net loss of $0.3 million in the same period last year. Adjusted net loss was $21.4 million, compared to an adjusted net income of $1.2 million in the first quarter of 2023.
Focused on reducing vehicle inventory quantity and improving health.
New inventory is comprised of more than 90% 2024 and 2025 model year units.
Anticipates a pre-tax loss for the full year 2024, but expects positive EBITDA and adjusted operational cash flow.
Amended syndicated credit facility and raised an additional $15 million through a mortgage loan facility.
Revenue by Segment
Forward Guidance
For the full year 2024, Lazydays anticipates a pre-tax loss but both positive EBITDA and adjusted operational cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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