Lazydays Holdings, Inc. ( (GORV) ) has released its Q4 earnings. Here is a breakdown of the information Lazydays Holdings, Inc. presented to its investors.
Lazydays Holdings, Inc. is a prominent company in the recreational vehicle (RV) industry, known for providing exceptional RV sales, service, and ownership experiences. The company is publicly listed on the Nasdaq stock exchange under the ticker ‘GORV’.
Lazydays Holdings, Inc. recently reported its financial results for the fourth quarter and fiscal year 2024, highlighting a challenging year marked by significant transformations, including leadership changes and strategic transactions aimed at strengthening its balance sheet and operational footprint.
The company reported a total revenue of $159.9 million for the fourth quarter of 2024, a decrease from $198.0 million in the same period of 2023. For the full year, revenue was $871.6 million, down from $1,082.7 million in 2023. The net loss for the fourth quarter was $96.1 million, compared to a net loss of $108.0 million in the previous year. The company also faced a net loss of $180.0 million for the year, compared to $110.3 million in 2023. Lazydays announced plans to divest three store locations to improve its financial position, reduce debt, and streamline operations.
Despite the financial setbacks, Lazydays is taking steps to improve its future performance by focusing on optimizing its dealership footprint and enhancing the operational performance of its existing stores. The company remains committed to driving long-term shareholder value through strategic initiatives and operational improvements.
Looking ahead, Lazydays management remains focused on creating a more resilient and agile company, with plans to continue refining its business strategy to enhance shareholder value and strengthen its market position in the RV industry.