[Executive Summary & Company Overview](index=1&type=section&id=Executive%20Summary%20%26%20Company%20Overview) Lazydays Holdings, Inc. reports Q2 2025 financial and operational highlights, detailing turnaround progress, improved margins, and debt reduction [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Lazydays advanced its Q2 2025 turnaround plan, achieving increased gross profit margins, reducing liabilities by over $200 million through divestitures, and reporting a reduced net loss and improved Adjusted EBITDA despite lower revenue - The company advanced its turnaround plan, focusing on operational performance and streamlining its footprint through asset divestitures[2](index=2&type=chunk) - Gross profit margins increased across all products and services compared to the prior year period[2](index=2&type=chunk) - Divestitures reduced total liabilities by over **$200 million** during the first half of the year, with the cash balance remaining unchanged at June 30, 2025, compared to December 31, 2024[2](index=2&type=chunk) Q2 2025 vs Q2 2024 Key Financials | Metric | Q2 2025 ($ millions) | Q2 2024 ($ millions) | Change (YoY) | | :------------------------- | :------------------- | :------------------- | :----------- | | Total Revenue | 131.3 | 235.6 | -44.3% | | Net Loss | (24.6) | (44.2) | +44.4% | | Adjusted EBITDA | (6.2) | (9.4) | +34.0% | | Net Loss per Diluted Share | (6.67) | (96.53) | +93.1% | [About Lazydays](index=1&type=section&id=About%20Lazydays) Lazydays Holdings, Inc. is a prominent RV industry player since 1976, offering exceptional sales, service, and parts, and is publicly listed on Nasdaq under 'GORV' - Lazydays has been a prominent player in the RV industry since 1976, known for exceptional RV sales, service, and ownership experiences[4](index=4&type=chunk) - The company offers a wide selection of RV brands, state-of-the-art service facilities, and an extensive range of accessories and parts[5](index=5&type=chunk) - Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker '**GORV**'[6](index=6&type=chunk) [Consolidated Results of Operations](index=3&type=section&id=Consolidated%20Results%20of%20Operations) This section details Lazydays' Q2 and YTD 2025 financial performance, covering revenue, profitability, and net loss, with significant year-over-year changes [Revenue Analysis](index=3&type=section&id=Revenue%20Analysis) Total revenue for Q2 2025 and the six months ended June 30, 2025, significantly decreased by 44.3% and 41.3% respectively, primarily due to declines in new and pre-owned vehicle retail sales Revenue Breakdown (Three Months Ended June 30) | Revenue Category | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change (%) | | :------------------------ | :----------------- | :----------------- | :------------- | | New vehicle retail | 77,463 | 143,333 | -46.0% | | Pre-owned vehicle retail | 29,461 | 57,254 | -48.5% | | Finance and insurance | 10,575 | 16,041 | -34.1% | | Service, body and parts | 10,850 | 15,144 | -28.3% | | **Total revenue** | **131,297** | **235,602** | **-44.3%** | Revenue Breakdown (Six Months Ended June 30) | Revenue Category | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change (%) | | :------------------------ | :----------------- | :----------------- | :------------- | | New vehicle retail | 174,982 | 296,024 | -40.9% | | Pre-owned vehicle retail | 70,134 | 136,282 | -48.5% | | Finance and insurance | 22,077 | 34,370 | -35.8% | | Service, body and parts | 23,426 | 28,885 | -18.9% | | **Total revenue** | **297,112** | **505,722** | **-41.3%** | [Profitability and Expenses](index=3&type=section&id=Profitability%20and%20Expenses) Gross profit decreased in Q2 and YTD 2025 despite reduced costs and operating expenses, with substantial impairment charges impacting operating loss Profitability and Expenses (Three Months Ended June 30) | Metric | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change (%) | | :----------------------------------- | :----------------- | :----------------- | :------------- | | Total cost applicable to revenue | 97,108 | 188,198 | -48.4% | | Gross profit | 34,189 | 47,404 | -27.9% | | Depreciation and amortization | 3,400 | 4,956 | -31.4% | | Selling, general, and administrative | 35,826 | 52,010 | -31.1% | | Impairment charges | 7,676 | — | N/A | | Loss from operations | (12,713) | (9,562) | -33.0% | | Floor plan interest expense | (3,269) | (5,708) | +42.7% | | Other interest expense | (7,398) | (5,837) | -26.8% | Profitability and Expenses (Six Months Ended June 30) | Metric | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change (%) | | :----------------------------------- | :----------------- | :----------------- | :------------- | | Total cost applicable to revenue | 219,081 | 420,552 | -47.9% | | Gross profit | 78,031 | 85,170 | -8.3% | | Depreciation and amortization | 7,982 | 10,417 | -23.4% | | Selling, general, and administrative | 74,455 | 100,896 | -26.2% | | Impairment charges | 10,576 | — | N/A | | Loss from operations | (14,982) | (26,143) | +42.7% | | Floor plan interest expense | (7,859) | (13,384) | +41.3% | | Other interest expense | (13,567) | (10,360) | -31.0% | [Net Loss and Earnings Per Share](index=3&type=section&id=Net%20Loss%20and%20Earnings%20Per%20Share) Lazydays reported a reduced net loss and significantly lower net loss per diluted share for Q2 and YTD 2025, partly due to a higher weighted average number of shares Net Loss and EPS (Three Months Ended June 30) | Metric | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change (%) | | :------------------------- | :----------------- | :----------------- | :------------- | | Net loss | (24,589) | (44,221) | +44.4% | | Diluted Loss per share | (6.67) | (96.53) | +93.1% | | Weighted average shares | 3,684,277 | 479,163 | +668.9% | Net Loss and EPS (Six Months Ended June 30) | Metric | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change (%) | | :------------------------- | :----------------- | :----------------- | :------------- | | Net loss | (34,122) | (66,201) | +48.5% | | Diluted Loss per share | (9.27) | (146.57) | +93.7% | | Weighted average shares | 3,680,539 | 479,060 | +668.3% | [Other Key Metrics and Operational Highlights](index=4&type=section&id=Other%20Key%20Metrics%20and%20Operational%20Highlights) This section presents key operational metrics for Q2 and YTD 2025, covering gross profit margins, retail unit sales, average selling prices, and revenue/gross profit mix [Gross Profit Margins by Category](index=4&type=section&id=Gross%20Profit%20Margins%20by%20Category) Lazydays achieved improved gross profit margins across most categories for Q2 and YTD 2025, with significant expansion in new and pre-owned vehicle retail and service, body and parts Gross Profit Margins (Three Months Ended June 30) | Category | 2025 | 2024 | Change (pp) | | :------------------------ | :------ | :------ | :---------- | | New vehicle retail | 11.0 % | 9.2 % | +1.8 | | Pre-owned vehicle retail | 20.3 % | 19.0 % | +1.3 | | Finance and insurance | 96.7 % | 96.0 % | +0.7 | | Service, body and parts | 54.7 % | 52.8 % | +1.9 | | **Total gross profit margin** | **26.0 %** | **20.1 %** | **+5.9** | Gross Profit Margins (Six Months Ended June 30) | Category | 2025 | 2024 | Change (pp) | | :------------------------ | :------ | :------ | :---------- | | New vehicle retail | 11.1 % | 6.4 % | +4.7 | | Pre-owned vehicle retail | 20.9 % | 14.8 % | +6.1 | | Finance and insurance | 96.5 % | 96.1 % | +0.4 | | Service, body and parts | 54.7 % | 53.5 % | +1.2 | | **Total gross profit margin** | **26.3 %** | **16.8 %** | **+9.5** | [Retail Unit Sales and Average Selling Price](index=4&type=section&id=Retail%20Unit%20Sales%20and%20Average%20Selling%20Price) Retail unit sales for new and pre-owned vehicles significantly decreased in Q2 and YTD 2025, while new vehicle average selling price and average gross profit per retail unit generally increased across categories Retail Units Sold (Three Months Ended June 30) | Category | 2025 | 2024 | YoY Change (%) | | :------------------------ | :---- | :---- | :------------- | | New vehicle retail | 1,068 | 2,036 | -47.5% | | Pre-owned vehicle retail | 598 | 1,100 | -45.7% | | Consignment vehicle | 185 | 49 | +277.6% | | **Total retail units sold** | **1,851** | **3,185** | **-41.9%** | Average Selling Price & Gross Profit per Retail Unit (Q2 2025 vs 2024) | Metric | 2025 ($) | 2024 ($) | YoY Change (%) | | :------------------------------------ | :------- | :------- | :------------- | | New vehicle retail (ASP) | 72,531 | 70,458 | +2.9% | | Pre-owned vehicle retail (ASP) | 49,266 | 52,049 | -5.4% | | New vehicle retail (Avg GP excl. LIFO)| 7,962 | 6,412 | +24.2% | | Pre-owned vehicle retail (Avg GP excl. LIFO)| 9,998 | 9,909 | +0.9% | | Finance and insurance (Avg GP) | 5,527 | 5,084 | +8.7% | [Revenue and Gross Profit Mix](index=4&type=section&id=Revenue%20and%20Gross%20Profit%20Mix) Q2 2025 revenue mix showed new vehicle retail's share decreasing while finance and insurance, and service, body and parts increased, with gross profit mix shifts including increased contributions from consignment vehicles and LIFO adjustments Revenue Mix (Three Months Ended June 30) | Category | 2025 | 2024 | | :------------------------ | :------ | :------ | | New vehicle retail | 59.0 % | 60.8 % | | Pre-owned vehicle retail | 22.4 % | 24.3 % | | Finance and insurance | 8.1 % | 6.8 % | | Service, body and parts | 8.2 % | 6.5 % | Gross Profit Mix (Three Months Ended June 30) | Category | 2025 | 2024 | | :------------------------ | :------ | :------ | | New vehicle retail | 24.9 % | 27.8 % | | Pre-owned vehicle retail | 17.5 % | 23.0 % | | Consignment vehicle | 6.1 % | 1.2 % | | Finance and insurance | 29.9 % | 32.5 % | | Service, body and parts | 17.4 % | 16.9 % | | LIFO | 4.3 % | (0.7)% | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, Lazydays reported significant decreases in total assets and liabilities, driven by reduced floor plan notes payable and related party debt Balance Sheet Highlights (June 30, 2025 vs December 31, 2024) | Metric | June 30, 2025 ($ thousands) | Dec 31, 2024 ($ thousands) | Change (%) | | :--------------------------- | :-------------------------- | :------------------------- | :--------- | | Total assets | 429,064 | 675,830 | -36.5% | | Cash | 24,702 | 24,702 | 0.0% | | Inventories, net | 165,634 | 211,946 | -21.9% | | Current assets held for sale | 6,495 | 86,869 | -92.5% | | Total liabilities | 373,115 | 586,230 | -36.4% | | Floor plan notes payable | 185,460 | 306,036 | -39.4% | | Related party debt | 3,111 | 36,217 | -91.4% | | Total stockholders' equity | 55,949 | 89,600 | -37.6% | - Floor plan notes payable associated with inventories classified as held for sale decreased from **$86.8 million** as of December 31, 2024, to **$6.5 million** as of June 30, 2025[12](index=12&type=chunk) [Statements of Cash Flows](index=8&type=section&id=Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, Lazydays generated positive operating cash flow, received substantial cash from investing activities, and had a net cash outflow from financing Cash Flow Summary (Six Months Ended June 30) | Activity | 2025 ($ thousands) | 2024 ($ thousands) | Change ($ thousands) | | :---------------------------------------- | :----------------- | :----------------- | :------------------- | | Net cash provided by operating activities | 7,358 | 101,315 | -93,957 | | Net cash provided by investing activities | 171,924 | (9,967) | +181,891 | | Net cash used in financing activities | (179,282) | (107,411) | -71,871 | | Net decrease in cash | — | (16,063) | +16,063 | | Cash, end of period | 24,702 | 42,022 | -17,320 | - Net proceeds from the sale of businesses, property, and equipment were **$171.9 million** in 2025, a substantial increase from **$2.95 million** in 2024[14](index=14&type=chunk) - Net repayments under M&T bank floor plan were **$120.7 million** in 2025, compared to **$114.8 million** in 2024[14](index=14&type=chunk) [Non-GAAP Financial Measures Reconciliation](index=9&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliation) This section defines and reconciles non-GAAP financial measures, EBITDA and Adjusted EBITDA, for insights into core operating performance [Definition and Rationale](index=9&type=section&id=Definition%20and%20Rationale) This section defines EBITDA and Adjusted EBITDA as non-GAAP measures, explaining their adjustments for non-operating and non-cash items to evaluate core operating results - EBITDA is defined as net income (loss) excluding interest expense, income tax expense (benefit), and depreciation and amortization expense[15](index=15&type=chunk) - Adjusted EBITDA is further adjusted to include floor plan interest expense and excludes stock-based compensation expense, LIFO adjustment, impairment charges, loss (gain) on sale of businesses, property and equipment, and change in fair value of warrant liabilities[15](index=15&type=chunk) - Adjusted EBITDA is considered an important measure for evaluating core operating results by removing the impact of capital structure, tax consequences, asset base, non-cash charges, and gains/losses on asset sales[17](index=17&type=chunk) [EBITDA and Adjusted EBITDA Reconciliation](index=9&type=section&id=EBITDA%20and%20Adjusted%20EBITDA%20Reconciliation) Lazydays reported improved Adjusted EBITDA for Q2 and YTD 2025, with the reconciliation detailing adjustments from net loss to reflect core operating performance EBITDA and Adjusted EBITDA Reconciliation (Three Months Ended June 30) | Metric | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change ($ thousands) | | :-------------------------- | :----------------- | :----------------- | :----------------------- | | Net loss | (24,589) | (44,221) | +19,632 | | EBITDA | (10,858) | (3,899) | -6,959 | | **Adjusted EBITDA** | **(6,240)** | **(9,404)** | **+3,164** | EBITDA and Adjusted EBITDA Reconciliation (Six Months Ended June 30) | Metric | 2025 ($ thousands) | 2024 ($ thousands) | YoY Change ($ thousands) | | :-------------------------- | :----------------- | :----------------- | :----------------------- | | Net loss | (34,122) | (66,201) | +32,079 | | EBITDA | (4,722) | (15,019) | +10,297 | | **Adjusted EBITDA** | **(10,265)** | **(27,565)** | **+17,300** | [Forward-Looking Statements](index=1&type=section&id=Forward-Looking%20Statements) This cautionary statement addresses forward-looking information, highlighting inherent risks and uncertainties that may cause actual results to differ from projections [Forward-Looking Statements](index=1&type=section&id=Forward-Looking%20Statements) This cautionary statement emphasizes that forward-looking information involves inherent risks and uncertainties, and actual results may differ materially due to various factors, with no obligation for the company to update them - Forward-looking statements involve risks and uncertainties and are not guarantees of future performance[7](index=7&type=chunk) - Actual results may differ materially due to factors such as economic and financial conditions, changes in customer demand, relationships with manufacturers and suppliers, indebtedness, and government regulations[7](index=7&type=chunk)[8](index=8&type=chunk) - The company disclaims any obligation to publicly update forward-looking statements to reflect subsequent events or circumstances, except as required by law[8](index=8&type=chunk)

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]