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Tag: LAZY

  • Q4 Financial Statement: Lazydays Holdings, Inc. (LAZY) Stock Rebounds After Hours.

    Q4 Financial Statement: Lazydays Holdings, Inc. (LAZY) Stock Rebounds After Hours.

    Lazydays Holdings, Inc. (LAZY) is an iconic brand in the RV business, and the provider of the best RV sales, and ownership services. The company is executing its geographic growth strategy that includes both purchases and greenfields.

    The price of LAZY stock during the regular trading of March 10, 2022, was $17.8 with a decrease of 2.24%. At the last of the aftermarket, the company’s stock rebounded by 23.1%.

    LAZY: Key Financials

    On March 10, 2022, LAZY released its consolidated financials for the fourth quarter of 2021 ended December 31, 2021. Some of the noteworthy updates are as follows.

    Revenue

    Total revenues in the fourth quarter of 2021 were $322.5 million corresponding to $196.5 million for the same quarter in 2020. The company’s revenue gained a momentous $126.0 million or 64.1% YoY. It missed the estimations of revenue by $261.5 thousand.

    Net Earnings

    Net earnings in Q4 2021 were $16.9 million compared to $2.21 million in the same period of 2020. The company’s net income is $14.7 million up over the year. The actual net earnings were in-line with the estimations.

    LAZY: Events and Happenings

    On December 23, 2021, LAZY reported that the lead independent director of the company Robert DeVincenzi assumed the position of Interim CEO with effect from January 1, 2022. He is succeeding the CEO William P. Murnane who stepped down from his role. On December 9, 2021, LAZY updated on its planning for the celebration of exceeding the $1 billion yearly revenue breakthrough. The Executive management of the company congratulated the company’s workforce for their input in its rapid growth.

    On November 15, 2021, LAZY announced the appointment of Harsh Uchariya as the company’s Chief Information Officer. On November 1, 2021, LAZY informed the press about greenfield a dealership in Florida to assist the Florida Atlantic Coast. The company estimated the dealership to open up for commercial purposes in Q4 2022.

    Conclusion

    The LAZY stock dropped by 25% in the past six months. The company’s stock recently showed signs of improvement as it officially reported the key financials. The revenue and net income of the company inclined remarkably from the previous year. For Q1 2022, its revenue and EPS guidance is $329.7 million and $1.00 respectively.

  • Why Lazydays Holdings Inc. (LAZY) stock pop up in the after-hours on Tuesday?

    Lazydays Holdings Inc. (LAZY) shares surged 7.53% in after-hours on Tuesday, July 6, 2021, and closed the day at $20.99 per share.  Earlier in the morning session, LAZY’s stock lost 2.89% to close Tuesday’s session at $19.52. LAZY shares have risen 124.63% over the last 12 months, and they have moved down 18.33% in the past week. Over the past three months, the stock has gained 5.40%, while over the past six months, it has declined 19.17%.

    Intention to acquire Burlington RV Superstore

    On June 14, 2021, Lazydays Holdings, Inc signed a letter of intent to acquire Burlington RV Superstore which is located in Sturtevant, Wisconsin, and is strategically located between the Milwaukee and Chicago markets. Burlington RV offers a wide selection of outstanding RV brands including Newmar, Grand Design, Thor, Forest River, Jayco, and Coachmen. The acquisition is expected to be finalized within 90 days.

    Inauguration on Russell 3000 Index

    Lazydays Holdings, Inc joined the broad-market Russell 3000® Index after the 2021 Russell indexes annual reconstitution, effective after the US market opened on June 28, according to a preliminary list of additions posted on June 4.

    Nasdaq Notice on Late Filing of its Form 10-Q

    On  May 25, 2021, Lazydays Holdings, Inc received a notice from The Nasdaq Stock Market notifying the Company that, because it failed to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2021, with the Securities and Exchange Commission, the Company is no longer in compliance with the periodic filing requirements for continued listing outlined in Nasdaq Listing Rule 5250(c)(1).

    Recent financial results announcement

    On May 26, 2021, Lazydays Holdings, Inc announced its financial results for the first quarter of 2021 which ended on March 31, 2021.

    Q1 2021 financial highlights

    • Lazydays Holdings earned a revenue of $270,993 thousand in Q1 2021 compared to $190,854 in Q1 2020.
    • Selling, general and administrative expenses were $37,723 thousand for Q1 2021 compared to $31,118 for Q1 2020.
    • Net income for Q1 2021 was $8,844 compared to $3,399 for Q1 2020.
    • Basic EPS was $0.54 and diluted EPS was $0.32 in Q1 2021 compared to $0.12 EPS for both basic and diluted shares in Q1 2020.

    Intention to acquire BYRV, Inc. and BYRV Washington

    On May 12, 2021, Lazydays Holdings, Inc signed a letter of intent to acquire BYRV, Inc. and BYRV Washington, Inc. (collectively B. Young RV). B. Young RV has two dealerships strategically located in Portland, Oregon, and Vancouver, Washington. B. Young RV has a large presence in the rapidly growing Oregon and Washington markets offering a wide selection of outstanding RV brands including Tiffin, Newmar, Grand Design, Thor, and Forest River. The acquisition of B. Young RV is expected to be finalized within 90 days.

    Conclusion

    Well, as of this writing, there is no recent news or development which could be the reason behind its mixed performance on Tuesday. We are unsure how LAZY stock will perform in the coming days.