Lazydays Holdings, Inc. (LAZY) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller Robert DeVincenzi - CEO Nicholas Tomashot - CFO Conference Call Participants Fred Wightman - Wolfe Research Mike Swartz - Truist Securities Steve Dyer - Craig-Hallum Operator Good morning. My name is Rob, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Lazydays Holdings, Inc. Second Quarter 2022 Financial Resul ...

[PART I – FINANCIAL INFORMATION](index=7&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements](index=7&type=section&id=Item%201%20%E2%80%93%20Financial%20Statements) This section presents Lazydays Holdings' unaudited condensed consolidated financial statements for Q1 2022, including balance sheets, income, equity, cash flows, and detailed accounting policy notes [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$752.8 million** from **$698.1 million**, liabilities to **$481.4 million** from **$437.0 million**, and equity to **$216.4 million** from **$206.1 million** Condensed Consolidated Balance Sheet Data (in thousands) | | As of March 31, 2022 | As of December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$752,826** | **$698,128** | | Total Current Assets | $427,794 | $375,635 | | Inventories | $283,997 | $242,906 | | **Total Liabilities** | **$481,402** | **$437,019** | | Total Current Liabilities | $315,438 | $266,350 | | Floor plan notes payable, net | $230,347 | $192,220 | | **Total Stockholders' Equity** | **$216,441** | **$206,126** | [Condensed Consolidated Statements of Income](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q1 2022 saw total revenues grow **38.8%** to **$376.2 million**, net income more than tripled to **$28.3 million**, and diluted EPS increased to **$1.17** from **$0.35** Q1 2022 vs. Q1 2021 Income Statement (in thousands, except per share data) | Metric | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | **Total Revenues** | **$376,161** | **$270,993** | | New and pre-owned vehicles | $340,460 | $244,881 | | Other | $35,701 | $26,112 | | **Income from Operations** | **$38,629** | **$22,423** | | **Net Income** | **$28,284** | **$8,844** | | **Diluted EPS** | **$1.17** | **$0.35** | [Condensed Consolidated Statements of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities was **$17.4 million** in Q1 2022, a shift from **$24.8 million** provided in Q1 2021, while financing provided **$16.8 million** Cash Flow Summary (in thousands) | Cash Flow Activity | Three months ended March 31, 2022 | Three months ended March 31, 2021 | | :--- | :--- | :--- | | Net Cash (Used In) Provided By Operating Activities | $(17,433) | $24,823 | | Net Cash Used In Investing Activities | $(7,896) | $(6,167) | | Net Cash Provided By (Used In) Financing Activities | $16,767 | $(2,699) | | **Net (Decrease) Increase In Cash** | **$(8,562)** | **$15,957** | [Notes to Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes explain accounting policies, including revenue recognition upon delivery, LIFO inventory valuation, and specifics on debt, leases, and stock repurchase programs - Revenue from vehicle sales is recognized at a point in time upon delivery, transfer of title, and completion of financing arrangements[34](index=34&type=chunk) - Vehicle and parts inventories are valued at the lower of cost or net realizable value, using the **last-in, first-out (LIFO) method**[38](index=38&type=chunk) - An immaterial misstatement in **EPS calculations** for Q1 and Q2 2021 was identified and corrected in Q4 2021[46](index=46&type=chunk)[47](index=47&type=chunk) - The Board authorized a **$25 million stock repurchase program** in September 2021, with an additional **$45 million** authorized in February 2022[124](index=124&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202%20%E2%80%93%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2022 financial results, highlighting **38.8% revenue growth** to **$376.2 million**, **54.7% gross profit growth** to **$99.2 million**, and margin expansion to **26.4%**, alongside liquidity and growth strategies [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Q1 2022 total revenue increased **38.8%** to **$376.2 million**, driven by vehicle sales, while gross profit surged **54.7%** due to higher unit sales and expanded margins, despite increased SG&A Revenue Breakdown (in millions) | Revenue Source | Q1 2022 | Q1 2021 | Change (%) | | :--- | :--- | :--- | :--- | | New Vehicles | $217.4 | $167.4 | +29.9% | | Pre-owned Vehicles | $123.0 | $77.5 | +58.8% | | **Total Vehicle Revenue** | **$340.5** | **$244.9** | **+39.0%** | | Other Revenue | $35.7 | $26.1 | +36.7% | | **Total Revenue** | **$376.2** | **$271.0** | **+38.8%** | - New vehicle revenue growth was driven by increased units sold (from **2,125 to 2,270**) and a higher average selling price per unit (from **$78,400 to $95,600**)[183](index=183&type=chunk) - Gross profit margin expanded from **23.7%** in Q1 2021 to **26.4%** in Q1 2022, driven by vehicle sales margin expansion due to inventory scarcity[169](index=169&type=chunk)[170](index=170&type=chunk) - SG&A as a percentage of gross profit improved from **58.8%** in Q1 2021 to **56.4%** in Q1 2022, reflecting better operating leverage despite new location overhead[172](index=172&type=chunk) [Non-GAAP Financial Measures](index=45&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA increased to **$44.8 million** in Q1 2022 from **$27.8 million** in Q1 2021, with margin improving to **11.9%** from **10.3%**, after various adjustments to net income Reconciliation of Net Income to Adjusted EBITDA (in thousands) | | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | **Net income** | **$28,284** | **$8,844** | | Interest expense, net | $2,912 | $1,866 | | Depreciation and amortization | $4,084 | $3,225 | | Income tax expense | $8,973 | $5,477 | | LIFO adjustment | $2,460 | $1,887 | | Change in fair value of warrant liabilities | $(1,540) | $6,468 | | Stock-based compensation | $523 | $372 | | Other adjustments | $40 | $172 | | **Adjusted EBITDA** | **$44,760** | **$27,822** | - Adjusted EBITDA Margin improved from **10.3%** in Q1 2021 to **11.9%** in Q1 2022[201](index=201&type=chunk) [Liquidity and Capital Resources](index=47&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2022, the company had **$89.6 million** in cash and **$112.4 million** in working capital, with primary funding from operations and its M&T credit facility, supporting future growth - As of March 31, 2022, the company had **$89.6 million** in cash liquidity[207](index=207&type=chunk) - The company's M&T Bank credit facility was amended to **$369.1 million** in July 2021, including a **$327 million** floor plan facility and a **$25 million** revolver[220](index=220&type=chunk) - Short-term cash requirements for 2022 include **$3.4 million** for debt service, **$1.5 million** for lease payments, and capital spending of **$7 million** for maintenance, **$3.6 million** for Elkhart, and **$5.6 million** for land purchases[209](index=209&type=chunk)[211](index=211&type=chunk) - Long-term growth will be funded by cash flow, lease financing for greenfield developments, and the floorplan facility for inventory[214](index=214&type=chunk)[215](index=215&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=52&type=section&id=Item%203%20%E2%80%93%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, Lazydays has elected not to provide quantitative and qualitative disclosures about market risk - As a smaller reporting company, Lazydays has elected not to provide disclosures about market risk[234](index=234&type=chunk) [Controls and Procedures](index=52&type=section&id=Item%204%20%E2%80%93%20Controls%20and%20Procedures) A material weakness in IT general controls was identified, specifically in program change-management and user access, but management is implementing remediation actions by fiscal 2022 - A material weakness was identified in **IT general controls** related to program change-management and user access permissions[234](index=234&type=chunk) - The identified material weakness did not result in any misstatements to the financial statements[234](index=234&type=chunk) - Management is implementing remediation actions, including enhanced risk assessment and improved monitoring, with expected completion by the end of fiscal 2022[234](index=234&type=chunk) [PART II – OTHER INFORMATION](index=53&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=53&type=section&id=Item%201%20%E2%80%93%20Legal%20Proceedings) The company is involved in various ordinary course legal proceedings, which management does not expect to have a material adverse effect on financial condition - The company is involved in multiple legal proceedings from its ordinary course of business but does not expect them to have a material adverse impact[238](index=238&type=chunk) [Risk Factors](index=53&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) No material changes to risk factors have occurred since those disclosed in the company's Annual Report on Form 10-K for 2021 - The report refers to the detailed discussion of risk factors in the Annual Report on Form 10-K for the year ended December 31, 2021[239](index=239&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=Item%202%20%E2%80%93%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q1 2022, the company repurchased **1,086,797 shares** for **$18.6 million** under its stock repurchase programs, with an additional **$45 million** authorized in February 2022 Issuer Purchases of Equity Securities (Q1 2022) | Period | Total Number of Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | January 2022 | 314,484 | $16.97 | | February 2022 | 459,076 | $17.24 | | March 2022 | 313,237 | $18.91 | - On February 24, 2022, the Board authorized an additional stock repurchase program of up to **$45.0 million**[242](index=242&type=chunk) [Exhibits](index=55&type=section&id=Item%206%20%E2%80%93%20Exhibits) This section lists exhibits filed with the Form 10-Q, including the interim CEO's employment agreement and CEO/CFO certifications - Key exhibits filed include the employment agreement for Interim CEO Robert DeVincenzi and CEO/CFO certifications pursuant to Sarbanes-Oxley[251](index=251&type=chunk)

Financial Data and Key Metrics Changes - Revenue for Q1 2022 was $376.2 million, an increase of $105.2 million or 38.8% from Q1 2021 [20] - Adjusted EBITDA for the quarter was $44.8 million, up $16.9 million or 60.9%, marking a record quarterly performance [26] - Net income for Q1 2022 was $28.3 million, compared to $8.8 million in Q1 2021 [25] Business Line Data and Key Metrics Changes - Revenue from the sale of recreational vehicles (RVs) was $340.5 million, up $95.6 million or 39% [20] - Revenue from new RV sales was $217.4 million, an increase of $50 million or 29.9%, with new RV unit sales at 2,270, up 145 units or 6.8% [21] - Revenue from pre-owned RV sales was $123 million, up $45.5 million or 58.8%, with pre-owned unit sales at 1,478, up 406 units or 37.9% [21] - Revenue from other channels, including parts and service, was $35.7 million, up $9.6 million or 36.7% [22] Market Data and Key Metrics Changes - Average selling price (ASP) of new RVs was approximately $95,600, up $17,200 or 21.9% [21] - ASP of pre-owned RVs was $78,800, up $11,000 or 16.2% [21] - Gross profit margin excluding LIFO adjustments increased to 27% from 24.4% in 2021 [23] Company Strategy and Development Direction - The company announced plans to acquire Dave's Claremore RV, expanding its dealership footprint to 18 locations [6][7] - The company is focused on both organic growth through Greenfield developments and acquisitions, with ongoing evaluations of new opportunities [15][36] - The company repurchased $19.2 million of common stock as part of its share repurchase program [14] Management Comments on Operating Environment and Future Outlook - Management noted strong demand for RVs, with inventory levels improving as the industry normalizes [12][31] - The company is well-positioned to address external challenges, leveraging strong brand identity and relationships with OEMs [31] - Management expressed confidence in maintaining margins despite rising interest rates and inflation, as consumer behavior remains stable [51] Other Important Information - The company had cash on hand of $89.6 million and net working capital of $112.4 million as of March 31, 2022 [27] - The company received a non-binding proposal from B. Riley to acquire the company for $25 per share, which was ultimately rejected [16] Q&A Session Summary Question: Future same-store sales and acquisition pace - Management indicated strong inbound interest in RVs, with inventory levels normalizing, but could not provide specific guidance on acquisition pacing [34][36] Question: Inventory levels and management - Management clarified that they target inventory turns rather than absolute levels, with a preference for more motorized inventory [38] Question: Vehicle margins and exit rates - Margins were consistent throughout the quarter, with no significant fluctuations noted [43][44] Question: Consumer behavior in a rising rate environment - Management reported no significant impact on demand from rising interest rates or gas prices thus far [51] Question: Monthly payment absorption by consumers - Management noted that consumers are more focused on monthly payments rather than sticker prices, indicating a potential for continued demand despite higher ASPs [53]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________ Commission file number: 001-38424 Lazydays Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 82-4183498 | ...

Lazydays Holdings, Inc. (LAZY) Q4 2021 Earnings Conference Call March 10, 2022 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller Robert DeVincenzi - Interim CEO & Lead Independent Director Nicholas Tomashot - CFO, Treasurer & Secretary Conference Call Participants Frederick Wightman - Wolfe Research Operator Thank you for standing by. My name is Cheryl, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lazydays Holdings, Inc. Fourth Quar ...

PART I – FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201%20%E2%80%93%20Financial%20Statements) Unaudited financial statements for Q3 and YTD September 2021 show significant growth in assets, revenue, and net income, including a 2020 restatement [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$562.3 million** by September 30, 2021, driven by acquisitions and inventory, with equity more than doubling Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2021 (Unaudited) | Dec 31, 2020 (Restated) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Current Assets** | $242,754 | $203,881 | +19.1% | | Inventories | $140,741 | $116,267 | +21.0% | | Goodwill | $81,473 | $45,095 | +80.7% | | **Total Assets** | **$562,319** | **$443,998** | **+26.6%** | | **Total Current Liabilities** | $170,541 | $174,177 | -2.1% | | **Total Liabilities** | **$327,647** | **$303,499** | **+8.0%** | | **Total Stockholders' Equity** | **$179,689** | **$85,516** | **+110.1%** | [Condensed Consolidated Statements of Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Q3 2021 revenue grew **47.7%** to **$318.7 million** with net income surging to **$31.0 million**, reflecting strong year-over-year growth Financial Performance Summary (in thousands, except EPS) | Metric | Q3 2021 | Q3 2020 (Restated) | YoY Change | Nine Months 2021 | Nine Months 2020 (Restated) | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $318,728 | $215,723 | +47.7% | $912,512 | $620,538 | +47.0% | | New/Pre-owned Vehicles | $285,781 | $194,552 | +46.9% | $820,875 | $553,245 | +48.4% | | Other Revenue | $32,947 | $21,171 | +55.6% | $91,637 | $67,293 | +36.2% | | **Income from Operations** | $38,139 | $17,532 | +117.5% | $97,867 | $36,936 | +164.9% | | **Net Income** | $30,969 | $3,700 | +737.0% | $65,125 | $12,409 | +424.8% | | **Diluted EPS** | $1.16 | $0.11 | +954.5% | $2.75 | $0.40 | +587.5% | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased to **$86.2 million** for YTD September 2021, while investing activities significantly increased due to acquisitions Cash Flow Summary (in thousands) | Cash Flow Activity | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 (Restated) | | :--- | :--- | :--- | | **Net Cash Provided By Operating Activities** | **$86,232** | **$141,901** | | **Net Cash Used In Investing Activities** | **($79,804)** | **($7,005)** | | Cash paid for acquisitions | ($63,036) | ($2,749) | | Purchases of property and equipment | ($16,907) | ($9,219) | | **Net Cash Used In Financing Activities** | **($2,913)** | **($84,700)** | | Net repayments under floor plan | ($23,995) | ($96,199) | | Proceeds from exercise of warrants/options | $19,898 | $40 | | **Net Increase In Cash** | **$3,515** | **$50,196** | [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, business combinations, and financial instruments, highlighting the 2020 restatement for warrant accounting and 2021 acquisitions - The company restated its financial statements for the three and nine months ended September 30, 2020, due to adjustments in warrant accounting. This resulted in a **$10.2 million** decrease in net income for the nine-month period, from a previously reported **$22.7 million** to a restated **$12.4 million**[29](index=29&type=chunk) - In 2021, the company completed acquisitions of Chilhowee, BYRV, and Burlington. The total consideration for 2021 acquisitions was **$63.0 million**, resulting in the recognition of **$36.0 million** in goodwill and **$21.3 million** in intangible assets[74](index=74&type=chunk)[75](index=75&type=chunk)[76](index=76&type=chunk) - On July 14, 2021, the company entered into an amended and restated credit agreement with M&T Bank for an aggregate facility of approximately **$369.1 million**, consisting of a **$327 million** floor plan facility, an **$11.3 million** term loan, a **$25 million** revolving credit facility, and a **$5.8 million** mortgage loan facility[97](index=97&type=chunk) Revenue Disaggregation (in thousands) | Revenue Source | Q3 2021 | Q3 2020 | Nine Months 2021 | Nine Months 2020 | | :--- | :--- | :--- | :--- | :--- | | New vehicle revenue | $181,395 | $130,297 | $550,366 | $362,139 | | Preowned vehicle revenue | $104,386 | $64,255 | $270,509 | $191,106 | | Parts, accessories, and services | $12,233 | $9,470 | $34,571 | $29,400 | | Finance and insurance revenue | $20,130 | $11,073 | $54,476 | $35,108 | | Campground and other revenue | $584 | $628 | $2,590 | $2,785 | | **Total** | **$318,728** | **$215,723** | **$912,512** | **$620,538** | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=37&type=section&id=Item%202%20%E2%80%93%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A highlights strong Q3 2021 performance driven by consumer demand, acquisitions, and improved operating leverage, supported by a new credit facility [Results of Operations](index=45&type=section&id=Results%20of%20Operations) Q3 2021 revenue grew **47.7%** to **$318.7 million** and gross profit surged **82.9%** to **$90.3 million**, driven by strong vehicle sales and acquisitions Q3 2021 vs Q3 2020 Performance (in millions) | Metric | Q3 2021 | Q3 2020 | % Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **$318.7** | **$215.7** | **+47.7%** | | New Vehicle Revenue | $181.4 | $130.3 | +39.2% | | Pre-Owned Vehicle Revenue | $104.4 | $64.2 | +62.6% | | Other Revenue | $32.9 | $21.2 | +55.2% | | **Gross Profit** | **$90.3** | **$49.3** | **+82.9%** | | **Income from Operations** | **$38.1** | **$17.5** | **+117.7%** | - The increase in new vehicle revenue for Q3 2021 was driven by a rise in units sold (from **1,645** to **2,192**) and a higher average selling price (from **$76,900** to **$82,800**)[189](index=189&type=chunk) - SG&A as a percentage of gross profit, a key metric for monitoring overhead, improved to **52.7%** in Q3 2021 from **58.0%** in Q3 2020, indicating better operating leverage as gross profit growth outpaced SG&A expense growth[181](index=181&type=chunk) [Non-GAAP Financial Measures](index=49&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA for Q3 2021 increased **118%** to **$41.5 million**, with margin improving to **13.0%**, reflecting strong operational performance Adjusted EBITDA Reconciliation (in thousands) | Line Item | Q3 2021 | Q3 2020 (Restated) | Nine Months 2021 | Nine Months 2020 (Restated) | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | **$30,969** | **$3,700** | **$65,125** | **$12,409** | | Interest, Taxes, D&A | $11,049 | $6,944 | $38,308 | $22,350 | | Subtotal EBITDA | $44,018 | $12,393 | $103,433 | $34,759 | | Other Adjustments* | ($2,554) | $6,627 | $7,129 | $8,657 | | **Adjusted EBITDA** | **$41,464** | **$19,020** | **$110,562** | **$43,416** | | **Adjusted EBITDA Margin** | **13.0%** | **8.8%** | **12.1%** | **7.0%** | - *Other adjustments primarily include non-floor plan interest, LIFO adjustments, transaction costs, PPP loan forgiveness, and change in fair value of warrant liabilities[218](index=218&type=chunk)[222](index=222&type=chunk) [Liquidity and Capital Resources](index=52&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2021, the company maintained strong liquidity with **$67.0 million** cash and a new **$369.1 million** credit facility - The company's liquidity as of September 30, 2021, included **$67.0 million** in cash and **$72.2 million** in working capital[230](index=230&type=chunk) - Key uses of cash in the first nine months of 2021 were **$63.0 million** for acquisitions and **$16.9 million** for capital expenditures[226](index=226&type=chunk)[230](index=230&type=chunk) - The company's new M&T credit facility provides approximately **$369.1 million** in total credit, including a **$327 million** floor plan facility and a **$25 million** revolver, supporting its growth strategy[235](index=235&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=55&type=section&id=Item%203%20%E2%80%93%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, the company has opted out of providing market risk disclosures - As a smaller reporting company, Lazydays has opted out of providing quantitative and qualitative disclosures about market risk[250](index=250&type=chunk) [Controls and Procedures](index=56&type=section&id=Item%204%20%E2%80%93%20Controls%20and%20Procedures) Disclosure controls were ineffective due to a material weakness in warrant accounting, leading to a restatement, but a remediation plan is in place - A material weakness was identified in internal control over financial reporting related to the accounting for warrants, rendering disclosure controls and procedures ineffective[251](index=251&type=chunk) - The weakness stemmed from the failure to correctly apply accounting guidance (ASC 815-40) for warrants, as clarified by an SEC Staff Statement on April 12, 2021[251](index=251&type=chunk) - A remediation plan has been implemented, which includes a new control to reassess the classification of warrants at each reporting date by experienced personnel[251](index=251&type=chunk)[253](index=253&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=57&type=section&id=Item%201%20%E2%80%93%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to materially impact financial condition or operations - The company is party to multiple legal proceedings arising from the ordinary course of business, which are not expected to have a material adverse effect[256](index=256&type=chunk) [Risk Factors](index=57&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) No material changes to risk factors previously disclosed in the Annual Report on Form 10-K for December 31, 2020 - The report refers to the detailed discussion of risk factors in the Annual Report on Form 10-K for the year ended December 31, 2020, indicating no material changes[257](index=257&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=57&type=section&id=Item%202%20%E2%80%93%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A **$25.0 million** stock repurchase program was authorized in September 2021, with no shares repurchased during the quarter - A stock repurchase program was authorized on September 13, 2021, allowing the company to buy back up to **$25.0 million** of its common stock through December 31, 2022[259](index=259&type=chunk) - No stock repurchases were made under the new program in the period from its announcement through September 30, 2021[259](index=259&type=chunk) [Other Information](index=57&type=section&id=Item%205%20%E2%80%93%20Other%20Information) No other information is reported under this item for the period - The company reported no information under this item[262](index=262&type=chunk) [Exhibits](index=58&type=section&id=Item%206%20%E2%80%93%20Exhibits) The report lists various exhibits, including acquisition agreements, credit facilities, and CEO/CFO certifications - Key exhibits filed include the asset purchase agreement for the BYRV acquisition and the amended credit agreement with M&T Bank dated July 14, 2021[263](index=263&type=chunk) - Standard CEO and CFO certifications pursuant to Sarbanes-Oxley Sections 302 and 906 were also filed as exhibits[263](index=263&type=chunk)

Lazydays Holdings, Inc. (LAZY) Q3 2021 Earnings Conference Call November 4, 2021 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller Bill Murnane - Chairman and Chief Executive Officer Nick Tomashot - Chief Financial Officer Conference Call Participants Fred Wightman - Wolfe Research Operator Good morning. My name is Emma and I will be your conference operator today. At this time, I would like to welcome everyone to the Lazydays Incorporated Third Quarter 2021 Financial Results Conference ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-38424 Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 82-4183 ...

Lazydays Holdings, Inc. (LAZY) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller Nicholas Tomashot - CFO, Treasurer & Secretary William Murnane - Chairman & CEO Conference Call Participants Adam Kozek - Raymond James & Associates Michael Swartz - Truist Securities Ryan Sigdahl - Craig-Hallum Frederick Wightman - Wolfe Research David Kanen - Kanen Wealth Management Craig Kennison - Robert W. Baird & Co. Operator Ladies and gentlemen, thank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-38424 Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 82 ...