Lazydays Holdings, Inc. (LAZY) is an iconic brand in the RV business, and the provider of the best RV sales, and ownership services. The company is executing its geographic growth strategy that includes both purchases and greenfields.
The price of LAZY stock during the regular trading of March 10, 2022, was $17.8 with a decrease of 2.24%. At the last of the aftermarket, the company’s stock rebounded by 23.1%.
LAZY: Key Financials
On March 10, 2022, LAZY released its consolidated financials for the fourth quarter of 2021 ended December 31, 2021. Some of the noteworthy updates are as follows.
Revenue
Total revenues in the fourth quarter of 2021 were $322.5 million corresponding to $196.5 million for the same quarter in 2020. The company’s revenue gained a momentous $126.0 million or 64.1% YoY. It missed the estimations of revenue by $261.5 thousand.
Net Earnings
Net earnings in Q4 2021 were $16.9 million compared to $2.21 million in the same period of 2020. The company’s net income is $14.7 million up over the year. The actual net earnings were in-line with the estimations.
LAZY: Events and Happenings
On December 23, 2021, LAZY reported that the lead independent director of the company Robert DeVincenzi assumed the position of Interim CEO with effect from January 1, 2022. He is succeeding the CEO William P. Murnane who stepped down from his role. On December 9, 2021, LAZY updated on its planning for the celebration of exceeding the $1 billion yearly revenue breakthrough. The Executive management of the company congratulated the company’s workforce for their input in its rapid growth.
On November 15, 2021, LAZY announced the appointment of Harsh Uchariya as the company’s Chief Information Officer. On November 1, 2021, LAZY informed the press about greenfield a dealership in Florida to assist the Florida Atlantic Coast. The company estimated the dealership to open up for commercial purposes in Q4 2022.
Conclusion
The LAZY stock dropped by 25% in the past six months. The company’s stock recently showed signs of improvement as it officially reported the key financials. The revenue and net income of the company inclined remarkably from the previous year. For Q1 2022, its revenue and EPS guidance is $329.7 million and $1.00 respectively.
