Lazydays Holdings, Inc. provided preliminary results for the quarter ending June 30, 2022.
The company notes that the results are preliminary and unaudited, and must be read in conjunction with its annual report on Form 10-K for the year ended December 31, 2021.
Lazydays filed the form on March 11, 2022, and its quarterly report on Form 10-Q for the quarter ended March 31, 2022, which the Company filed on June 3, 2022, according to a press release.
Preliminary Revenue for the second quarter ending June 30, 2022 is $373.6 million, up $50.8 million versus the second quarter of 2021. Preliminary net income for the quarter is $31.8 million, up $6.5 million versus the second quarter 2021 net income of $25.3 million.
Preliminary key metrics for the quarter show that adjusted EBITDA was $38.4 million compared to the $41.3 million in the second quarter of 2021.
RV unit sales decreased by 3.7% to 4,052 units versus the 4,208 units in the second quarter of 2021. Total revenue increased 15.7% to $373.6 million compared to $322.8 million in the second quarter of 2021
The Company ended the quarter with a cash balance of $105.4 million.
Lazydays consistently provides the best RV sales, service, and ownership experience, which is why RVers and their families become Customers for Life.
The company continues to add locations at a rapid pace as it executes its geographic expansion strategy that includes both acquisitions and greenfields.