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Dec 31, 2024
Lazydays Q4 2024 Earnings Report
Lazydays reported a significant decline in revenue and continued losses in Q4 2024.
Key Takeaways
Lazydays faced a challenging fourth quarter in 2024, with a notable decline in revenue and deepening losses, including impairment charges and a loss from changes in warrant liability values.
Q4 revenue declined to $159.9 million from $198.0 million YoY.
Net loss narrowed slightly to $96.1 million from $108.0 million in Q4 2023.
Adjusted EBITDA was a loss of $24.3 million, down from $10.7 million loss YoY.
Impairment charges of $39.1 million significantly impacted results.
Lazydays
Lazydays
Lazydays Revenue by Segment
Forward Guidance
Lazydays is focused on streamlining operations and optimizing its dealership footprint through divestitures and operational performance improvements.
Positive Outlook
- Signed letter of intent to divest three underperforming locations
- Expected cash inflow and debt reduction from asset sales
- Enhanced operational focus on core dealership footprint
- Improved liquidity from recent transactions
- Progress in balance sheet restructuring
Challenges Ahead
- Significant net losses and continued negative Adjusted EBITDA
- Impairment charges impacting bottom line
- Non-cash losses from warrant liability changes
- Decline in pre-owned vehicle retail revenue
- Gross profit margins deteriorated across most segments
Revenue & Expenses
Visualization of income flow from segment revenue to net income