NASDAQ$GORV

Lazydays Holdings Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Lazydays reported results reflecting a focus on reducing the quantity and improving the health of vehicle inventory.

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.

Headline financials

Total Revenue

$271M

Previous: $296M-8.5%
EPS

-$1.67

Previous: $0.00
EBITDA

-$11.1M

No prior period
Adjusted EBITDA

-$18.2M

No prior period
Capital Expenditures

-$8.77M

Previous: -$13.9M+37.1%
Free Cash Flow

$71.5M

Previous: -$42.8M+267.1%
Net Income

-$22M

Previous: -$276K-7863.8%
Operating Income

-$16.6M

Previous: $5.96M-378.4%
Gross Profit

$37.8M

Previous: $63.9M-40.9%
Cash & Equivalents

$39.4M

Previous: $41M-4.1%
Total Assets

$822M

Previous: $878M-6.4%
Stock-Based Comp

$509K

Previous: $797K-36.1%

Revenue & EPS history

Lazydays · Revenue · Quarterly

$271M

Q1 2024-8.5%vs Q1 2023
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Lazydays · $266M total across 4 segments · Q3 2023

  • New Vehicle Retail
    $173M
  • Pre-Owned Vehicle Retail
    $75.1M
  • Finance and Insurance
    $16.5M
  • Vehicle Wholesale
    $2.06M

Forward guidance

For the full year 2024, Lazydays anticipates a pre-tax loss but both positive EBITDA and adjusted operational cash flow.

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 2024

Historical avgQ1 2024

-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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