NASDAQ$GORV

Lazydays Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported a decrease in revenue and a net loss compared to the previous year.

Lazydays reported a decrease in revenue to $295.7 million from $376.2 million in Q1 2022. The company experienced a net loss of $1.5 million, a significant change from the net income of $27.1 million in the same quarter last year.

  • Revenue decreased to $295.7 million, down from $376.2 million in the first quarter of 2022.
  • Net loss was $1.5 million, compared to a net income of $27.1 million in the first quarter of 2022.
  • Adjusted net income was $1.2 million, a decrease from $28.2 million in the same period of the previous year.
  • Opened a new greenfield location in Council Bluffs, Iowa, expected to generate $35 million in annual revenues.

Headline financials

Total Revenue

$296M

Previous: $376M-21.4%
EPS (adj)

$0.00

Previous: $1.17-100.0%
Capital Expenditures

-$13.9M

Previous: -$7.91M-76.2%
Free Cash Flow

-$42.8M

Previous: -$25.3M-68.8%
Net Income

-$276K

Previous: $28.3M-101.0%
Operating Income

$5.96M

Previous: $38.6M-84.6%
Gross Profit

$63.9M

Previous: $99.2M-35.6%
Cash & Equivalents

$41M

Previous: $89.6M-54.2%
Total Assets

$878M

Previous: $753M+16.6%
Stock-Based Comp

$797K

Previous: $523K+52.4%

Revenue & EPS history

Lazydays · Revenue · Quarterly

$296M

Q1 2023-21.4%vs Q1 2022
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Lazydays · $296M total across 5 segments · Q1 2023

  • New Vehicle Retail
    $177M
  • Pre-Owned Vehicle Retail
    $84.8M
  • Finance and Insurance
    $16.9M
  • Service, Body & Parts
    $15.5M
  • Vehicle Wholesale
    $1.71M

Forward guidance

Company is on track to open three additional greenfield locations in the back half of 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-2.5%

Avg return

Earnings day

-9.6%

Avg return

5 days after

-12.6%

Avg return

30 days after

34%

10 / 29 earnings

Positive

+23.4%

Q1 2020

Best reaction

-30.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-19.6%-30.4%
Q2 2025-3.6%-16.2%-41.8%
Q1 2025-14.2%+17.1%+53.5%
Q4 2024-30.8%-52.1%-57.9%
Q3 2024-20.3%-9.8%-32.0%
Q2 2024-7.6%-22.6%-40.6%
Q1 2024-4.4%-1.6%-16.4%
Q4 2023+18.2%+18.7%+1.1%
Q3 2023-9.3%-7.3%+18.1%
Q2 2023+4.2%+2.4%-10.1%
Q1 2023-4.8%-9.2%-3.5%
Q4 2022-7.9%-3.9%-8.9%
Q3 2022+8.9%
Q2 2022+1.1%
Q1 2022-1.9%
Q4 2021+17.4%
Q3 2021-2.2%
Q2 2021+18.9%
Q1 2021-7.0%
Q4 2020-4.1%
Q3 2020+6.9%
Q2 2020-3.7%
Q1 2020+23.4%
Q4 2019-21.5%
Q3 2019+14.4%
Q2 2019+3.4%
Q1 2019-5.6%
Q4 2018-7.7%
Q3 2018-14.3%

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