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]

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]