UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 For the transition period from _________ to ________ Form 10-K Commission file number: 001-38424 (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, 2022 or Lazydays Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 82-4183498 | ...

Lazydays Holdings, Inc. (LAZY) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Debbie Harrell - Corporate Controller John North - Chief Executive Officer Kelly Porter - Chief Financial Officer Conference Call Participants Mike Swartz - Truist Securities Steve Dyer - Craig-Hallum Fred Wightman - Wolfe Research Operator Greetings, and welcome to the Lazydays Holdings, Incorporated Fourth Quarter 2022 Financial Results Conference Call. At this time, all participants are in a ...

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 September 30, 2022 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. Indicate by check mark whether the registrant has submitted electroni ...

Lazydays Holdings, Inc. (LAZY) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Debbie Harrell - Corporate Controller John North - Chief Executive Officer Nick Tomashot - Chief Financial Officer Conference Call Participants Steve Dyer - Craig-Hallum Mike Swartz - Truist Securities Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lazydays Holdings, Inc. Third Quarter 2022 Financial Resu ...

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, 2022 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 | 82-418 ...

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 ...