Lazydays (LAZY)

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Lazydays (LAZY) - 2020 Q4 - Annual Report
2021-03-19 20:51
Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 (LAZY) - 2020 Q3 - Quarterly Report
2020-11-06 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 ...
Lazydays (LAZY) - 2020 Q2 - Quarterly Report
2020-07-31 20:15
Financial Performance - Total revenues for the three months ended June 30, 2020, were $213.961 million, a 27% increase from $168.546 million in the same period of 2019[15]. - Net income for the three months ended June 30, 2020, was $8.068 million, compared to $1.858 million for the same period in 2019, representing a 335% increase[15]. - Basic and diluted earnings per share for the three months ended June 30, 2020, were $0.39, compared to $0.02 for the same period in 2019[15]. - Operating income for the six months ended June 30, 2020, was $19,412,000, up from $12,546,000 for the same period in 2019, reflecting a 55% increase[15]. - Net income for the six months ended June 30, 2020, was $11,055,000, compared to $3,702,000 for the same period in 2019, representing an increase of 198%[20]. - The company reported a net income attributable to common stock of $6,384,000 for the three months ended June 30, 2020, compared to $333,000 in the same period of 2019[15]. - For the three months ended June 30, 2020, net earnings allocated to common stock were $3,799,000, compared to $205,000 for the same period in 2019, representing a significant increase[41]. Assets and Liabilities - The company reported a total of $414.722 million in assets as of June 30, 2020, up from $406.636 million as of December 31, 2019[10]. - Current liabilities decreased to $149.211 million as of June 30, 2020, from $174.733 million as of December 31, 2019, a reduction of approximately 14.6%[13]. - The company’s total liabilities decreased to $266.359 million as of June 30, 2020, from $270.313 million as of December 31, 2019[13]. - Total stockholders' equity increased to $84,142,000 as of June 30, 2020, from $75,430,000 as of December 31, 2019[13]. - The company’s additional paid-in capital decreased slightly to $78,712,000 as of June 30, 2020, from $79,186,000 as of December 31, 2019[13]. Cash and Cash Flow - The company’s cash position improved significantly, with cash increasing to $62.050 million as of June 30, 2020, compared to $31.458 million at the end of 2019[10]. - Total cash provided by operating activities increased to $83,610,000 for the six months ended June 30, 2020, up from $59,047,000 in 2019, marking a 41.7% increase[20]. - The company reported a net cash increase of $30,592,000 for the six months ended June 30, 2020, compared to $3,549,000 in the prior year[20]. - The company’s ending cash balance as of June 30, 2020, was $62,050,000, compared to $30,152,000 at the end of June 30, 2019[20]. Inventory Management - The company’s inventory decreased to $100.280 million as of June 30, 2020, down from $160.864 million as of December 31, 2019, indicating improved inventory management[10]. - As of June 30, 2020, total inventories were valued at $100,280, a decrease from $160,864 as of December 31, 2019, indicating a reduction of approximately 37.5%[71]. Debt and Financing - The gross floor plan notes payable was $92,398, down from $144,133 as of December 31, 2019, representing a decrease of approximately 35.9%[86]. - The M&T Term Loan had an outstanding balance of $14,200 as of June 30, 2020, with an interest rate of 2.6875%[87]. - The Company secured PPP Loans totaling $8,704,955, with a fixed interest rate of 1.0% and maturity dates ranging from April 29, 2022, to May 4, 2022[89]. - The interest rate on the M&T Floor Plan Line of Credit was approximately 2.27825% as of June 30, 2020[85]. Management and Workforce - The Company’s CEO has an initial base salary of $540,000, with a target bonus of 100% of the base salary[93]. - Senior management opted to forgo 25% of their salary due to COVID-19 but resumed normal salaries in late May 2020[96]. - The Company reduced its workforce by 25% in response to the COVID-19 pandemic[52]. Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[15]. - Florida locations generated 61% of revenues for the three months ended June 30, 2020, down from 64% in the same period of 2019[50]. - The Company experienced modestly higher vehicle sales in the first half of each year, particularly during winter months in Florida[46]. Tax and Dividends - The effective tax rate for the three months ended June 30, 2020, was approximately 25%, a decrease from 53% in the same period of 2019[91]. - The Company did not declare a dividend payment on the Series A Preferred Stock for the six months ended June 30, 2020, resulting in an increase of the carrying amount of the preferred stock[110]. - The Company did not declare and pay dividends as of June 30, 2020, resulting in the Series A Convertible Preferred Stock being convertible into 6,880,741 shares of common stock[42].
Lazydays (LAZY) - 2020 Q1 - Quarterly Report
2020-05-08 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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 ...
Lazydays (LAZY) - 2019 Q4 - Annual Report
2020-03-20 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 (LAZY) - 2019 Q3 - Quarterly Report
2019-11-08 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 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 ...
Lazydays (LAZY) - 2019 Q2 - Quarterly Report
2019-08-13 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 001-38424 Lazydays Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 82-4183498 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | | Incorporation or Organization) | Identification No.) | | 6130 Lazy Days Blvd., Seffner, FL | 33584 | | (Address of Principal Executive Offices) | (Zip Code) | FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d ...
Lazydays (LAZY) - 2019 Q1 - Quarterly Report
2019-05-10 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] 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) FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 or | Delaware | 82 ...
Lazydays (LAZY) - 2018 Q4 - Annual Report
2019-03-22 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | 82-4183498 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 6130 Lazy Days Blvd. | | | Seffner, Florida | 33584 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code: (813) 246- ...