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Sep 30, 2024

Lazydays Q3 2024 Earnings Report

Announced third quarter results, which were impacted by economic and industry-wide demand headwinds, but the company is encouraged by the completion of recapitalization transactions.

Key Takeaways

Lazydays Holdings reported a challenging third quarter with a decrease in total revenue to $213.5 million compared to $280.7 million in the same period last year. The company experienced a net loss of $17.7 million, compared to a net loss of $5.6 million in the same period of 2023. However, the company is optimistic due to the completion of recapitalization transactions.

Total revenue for the third quarter was $213.5 million, a decrease from $280.7 million in the same period in 2023.

Net loss for the third quarter was $17.7 million, compared to a net loss of $5.6 million for the same period in 2023.

Adjusted net loss was $16.2 million, compared to an adjusted net loss of $2.9 million for the same period in 2023.

The company completed recapitalization transactions to fortify its financial foundation and operational focus.

Total Revenue
$213M
Previous year: $281M
-23.9%
EPS
-$1.27
Previous year: -$0.29
+337.9%
Gross Profit
$45.3M
Previous year: $49.8M
-9.1%
Cash and Equivalents
$13.5M
Previous year: $32.9M
-58.9%
Free Cash Flow
-$9.23M
Previous year: $1.61M
-673.3%
Total Assets
$736M
Previous year: $916M
-19.6%

Lazydays

Lazydays

Lazydays Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income