NASDAQ$GORV
Lazydays Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter ended December 31, 2023.
Lazydays reported a decrease in revenue to $198.0 million from $243.5 million in Q4 2022. The company recorded a net loss of $108.0 million, which includes a non-cash goodwill impairment charge of $118.0 million.
- Q4 2023 revenue decreased to $198.0 million from $243.5 million in Q4 2022.
- Net loss for Q4 2023 was $108.0 million, compared to a net loss of $1.4 million for the same period in 2022.
- Adjusted net loss for Q4 2023 was $13.8 million, compared to net income of $0.9 million for the same period in 2022.
- Company estimates these stores will add $110.0 million in annual revenues at steady state.
Headline financials
Revenue & EPS history
Lazydays · Revenue · Quarterly
$198M
Revenue by segment
Lazydays · $266M total across 4 segments · Q3 2023
- New Vehicle Retail$173M—64.9%
- Pre-Owned Vehicle Retail$75.1M—28.2%
- Finance and Insurance$16.5M—6.2%
- Vehicle Wholesale$2.06M—0.8%
Forward guidance
Lazydays anticipates a pre-tax loss in the first quarter and a return to profitability thereafter. For the full year 2024, the company anticipates both positive net income and operational cash flow.
Tailwinds
- Anticipate a return to profitability after the first quarter.
- Expect positive net income for the full year 2024.
- Expect operational cash flow to be positive for the full year 2024.
- Locations are of high quality.
- Partnerships with OEMs are strong.
Headwinds
- Anticipate a pre-tax loss in the first quarter.
- Challenging operating environment due to industry wide economic pressures
- Decline in the price of our common equity in the fourth quarter of 2023
- Focus on improving volume and store performance in the first six months of 2024
- Reduction in cash balance from year end is primarily a function of capital expenditures
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 Q4 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
| Quarter | Report date | Reaction (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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