Lazydays Holdings, Inc. released preliminary results for the quarter ending December 31, 2021.
According to a press release, it is important to note that results are preliminary and unaudited, and should be read in conjunction with Lazydays’ quarterly report on Form 10-Q for the quarter ended September 30, 2021, which the company filed on November 5, 2021, and its annual report on Form 10-K/A for the year ending December 31, 2020, which the company filed on June 25, 2021.
Preliminary Revenue for the fourth quarter ending December 31, 2021 is $323 million, an increase of $126 million compared to the same quarter in 2020.
The company also reported net income for the fourth quarter at $15.3 million, which rose $13.1 million compared to Q4 2020’s net income of $2.2 million.
Preliminary key metrics for the quarter are provided below, along with a reconciliation of Adjusted EBITDA, a non-GAAP financial measure, to net income.
Quarter ending December 31, 2021 Preliminary Results:
- Adjusted EBITDA increased 110% to $32.7 million versus $15.5 million in the fourth quarter of 2020
- RV unit sales increased 50.6% to 3,211 units versus 2,132 units in the fourth quarter of 2020
- Total Revenue increased 64% to $322.5 million compared to $196.6 million in the fourth quarter of 2020
- The Company ended the quarter with a cash balance of $98.1 million
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About Lazydays RV
As an iconic brand in the RV industry, Lazydays, The RV Authority, consistently provides the best RV sales, service, and ownership experience, which is why RVers and their families become Customers for Life. Lazydays continues to add locations at a rapid pace as it executes its geographic expansion strategy that includes both acquisitions and greenfields.
Since 1976, Lazydays RV has built a reputation for providing an outstanding customer experience with exceptional service excellence and unparalleled product expertise, along with being a preferred place to rest and recharge with other RVers. By offering the largest selection of RV brands from the nation’s leading manufacturers, state-of-the-art service facilities, and thousands of accessories and hard-to-find parts, Lazydays RV provides everything RVers need and want.