Core Insights - Lazydays Holdings, Inc. reported a total revenue of $131.3 million for Q2 2025, a decrease from $235.6 million in Q2 2024, indicating a significant decline in sales [2][9] - The company achieved a net loss of $24.6 million in Q2 2025, an improvement compared to a net loss of $44.2 million in the same period last year [2][9] - Gross profit margins improved across all product lines, with total gross profit margin rising to 26.0% in Q2 2025 from 20.1% in Q2 2024 [10][11] Financial Performance - Total revenue for the first half of 2025 was $297.1 million, down from $505.7 million in the first half of 2024 [9] - Adjusted EBITDA for Q2 2025 was $(6.2) million, an improvement from $(9.4) million in Q2 2024 [2][18] - The company recognized non-cash impairment charges of $7.7 million in Q2 2025 related to indefinite-lived intangible assets [2][18] Operational Highlights - The company successfully sold several non-core assets, reducing total liabilities by over $200 million in the first half of 2025 [2] - Cash balance remained unchanged at $24.7 million as of June 30, 2025, compared to December 31, 2024 [2][12] - Gross profit margins for new vehicle retail improved to 11.0% in Q2 2025 from 9.2% in Q2 2024, while pre-owned vehicle retail margins increased to 20.3% from 19.0% [10][11] Sales Metrics - Retail units sold in Q2 2025 included 1,068 new vehicles and 598 pre-owned vehicles, compared to 2,036 new and 1,100 pre-owned vehicles sold in Q2 2024 [10][11] - Average selling price for new vehicles increased to $72,531 in Q2 2025 from $70,458 in Q2 2024 [10][11] - The revenue mix for new vehicle retail accounted for 59.0% of total revenue in Q2 2025, slightly down from 60.8% in Q2 2024 [10][11]

Core Viewpoint - Lazydays Holdings, Inc. has successfully completed the sale of its Tulsa, Oklahoma location to Ron Hoover RV & Marine, which is part of the company's strategy to pay off debt and strengthen its balance sheet [1][2]. Company Overview - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences, fostering long-term relationships with RV enthusiasts [2]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a comprehensive range of accessories, positioning itself as a go-to destination for RV enthusiasts [3]. Transaction Details - The sale of the Tulsa location was executed quickly and smoothly, aligning with the company's focus on its core store footprint [2]. - Ron Hoover RV & Marine, the buyer, is a leading provider of RVs, boats, and outdoor equipment in Texas, established in 1987, and is recognized for its integrity and customer service [4].

Core Viewpoint - Lazydays Holdings, Inc. has announced a reverse stock split of its common stock at a ratio of 1-for-30 to increase its per share market price and regain compliance with Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split took effect on July 11, 2025, and the adjusted shares will begin trading on July 14, 2025, under the existing symbol "GORV" [1]. - Every 30 shares of common stock will be combined into one new share, with no fractional shares issued; any fractional shares will be rounded up to the nearest whole number [3]. - The company's transfer agent, Continental Stock Transfer & Trust Company, will manage the exchange process, and stockholders in book-entry form will not need to take action [4]. Group 2: Company Background - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences [5]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a range of accessories, making it a go-to destination for RV enthusiasts [6]. - Lazydays is publicly listed on the Nasdaq stock exchange under the ticker "GORV" [7].

Core Viewpoint - Lazydays Holdings, Inc. has announced a reverse stock split of its common stock at a ratio of 1-for-30, effective July 11, 2025, to increase its per share market price and regain compliance with Nasdaq listing requirements [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 30 shares of common stock into one new share, with no fractional shares issued [3]. - The reverse stock split is intended to help the company meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market [3]. - Stockholders' percentage ownership will not change significantly, except for minor adjustments due to rounding [3]. Group 2: Shareholder Approval and Implementation - The reverse stock split was approved by stockholders at the Annual Meeting held on July 3, 2025, with a proposed ratio of at least 1-for-2 and up to 1-for-30 [2]. - The company's transfer agent, Continental Stock Transfer & Trust Company, will manage the exchange process for the reverse stock split [4]. Group 3: Company Background - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences [5]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a range of accessories, positioning itself as a go-to destination for RV enthusiasts [6].

Company Leadership - Ron Fleming has been appointed as the permanent Chief Executive Officer of Lazydays Holdings, Inc., after serving as Interim CEO since September 2024 [1][2] - Robert DeVincenzi, Chairman of the Board, praised Fleming for his leadership during the operational turnaround and his deep understanding of the business [2] - Fleming expressed his commitment to building on the progress made in the past ten months and emphasized the strength of the company's foundation and team [2] Company Background - Lazydays has been a significant player in the RV industry since its establishment in 1976, known for exceptional RV sales, service, and ownership experiences [3] - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a comprehensive range of accessories, making it a go-to destination for RV enthusiasts [4] Market Position - Lazydays is publicly listed on the Nasdaq stock exchange under the ticker "GORV," indicating its presence in the financial markets [5]

Core Viewpoint - Lazydays Holdings, Inc. has entered into a definitive agreement to sell its Tulsa, Oklahoma location to Ron Hoover RV & Marine, which is expected to enhance Lazydays' operational efficiency and improve its financial position by increasing cash reserves and enabling debt repayment [1][2]. Company Overview - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences, fostering long-term relationships with customers [3]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a comprehensive range of accessories, positioning itself as a leading destination for RV enthusiasts [4]. - Lazydays is publicly traded on the Nasdaq stock exchange under the ticker "GORV" [5]. Ron Hoover RV & Marine Overview - Ron Hoover RV & Marine has been serving customers since 1987 and is recognized as Texas's leading provider of RVs, boats, and outdoor equipment, emphasizing integrity and exceptional customer service [5]. - The company operates multiple locations across Texas and Oklahoma, offering a wide selection of top brands and expert service [5].

Core Insights - Lazydays Holdings, Inc. has executed transactions to generate $14 million in liquidity and reduce non-floorplan indebtedness by $15 million, enhancing its financial stability [1][2] - The company aims to strengthen its balance sheet, improve operational performance, and strategically divest non-core assets [1][2] Financial Transactions - The transactions involve retaining approximately $14 million from divestitures of non-core dealerships and associated real estate, while repaying about $15 million in non-floorplan indebtedness, bringing the total non-floorplan indebtedness down to approximately $44 million [2][7] - This reduction in debt is expected to meaningfully lower interest expenses for the company [2] Divestiture Details - Recent divestitures include: - Dealership in Mesa, AZ, closed on May 30, 2025 - Dealership and related real estate in Fort Pierce, FL, closed on June 6, 2025 - Dealership in Longmont, CO, closed on June 13, 2025 - Dealership and related real estate in Las Vegas, NV, expected to close later this week [7] Management Commentary - The CEO of Lazydays expressed satisfaction with the agreements reached with lenders, highlighting the enhanced liquidity position and flexibility to advance the company's turnaround strategy [2]

Company Overview - Lazydays Holdings, Inc. has been a significant player in the RV industry since its inception in 1976, known for exceptional RV sales, service, and ownership experiences [3] - The company operates a legacy store in Loveland, Colorado, which has been in operation for nearly 10 years [2] Recent Developments - Lazydays has completed the asset sale of its Longmont, Colorado location to General R.V. Center, marking the final transaction of three stores sold to General RV [1][2] - This transaction allows Lazydays to focus on a streamlined footprint and enhance its operational efficiency [2] General RV Center - General RV has nearly doubled its number of Supercenters nationwide in the past three years, now operating 23 locations across nine states [2] - The acquisition of the Longmont location represents General RV's first presence in Colorado, expanding its footprint and commitment to customer service [2][5]

Company Overview - Lazydays Holdings, Inc. has been a significant player in the RV industry since its inception in 1976, known for exceptional RV sales, service, and ownership experiences [3] - The company is publicly listed on the Nasdaq stock exchange under the ticker "GORV" [5] Recent Developments - Lazydays has completed the asset and real estate sale of its Ft. Pierce, Florida location to General R.V. Center, Inc., with plans to finalize the remaining divestiture in Longmont, Colorado soon [1][2] - The sale of the Ft. Pierce location is part of Lazydays' strategy to streamline operations, reduce dealership footprint, pay off significant debt, and enhance cash flow [2] General RV Center - General RV has nearly doubled its number of Supercenters nationwide in the past three years, currently operating over 20 locations across nine states [2] - The acquisition of the Ft. Pierce location is expected to improve service capabilities for General RV's customers [2]

Core Viewpoint - Lazydays Holdings, Inc. has successfully completed the asset sale of its Mesa, Arizona location to General R.V. Center, Inc., with plans to finalize two additional divestitures in Longmont, Colorado and Fort Pierce, Florida shortly [1][2]. Group 1: Company Overview - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences [3]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a comprehensive range of accessories, positioning itself as a go-to destination for RV enthusiasts [4]. Group 2: General RV Overview - General RV, founded in 1962, is the nation's premier RV dealer, operating over 20 full-service dealerships across multiple states, including its first location in Arizona [5]. - The company has nearly doubled its number of Supercenters nationwide in the past three years, providing a vast selection of RVs and services [2].