JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
TAMPA - Lazydays Holdings, Inc. (NASDAQ:GORV) reported a second quarter net loss of -$6.67 per share on revenue of $131.3 million on Thursday, as the recreational vehicle retailer continues its turnaround efforts amid significantly lower sales volumes.
The company’s stock edged up 0.95% in after hours trading following the results.
Revenue fell 44.3% YoY from $235.6 million in the same quarter last year, reflecting the company’s streamlined footprint following several non-core asset sales. Despite the revenue decline, Lazydays showed improvement in its bottom line with a net loss of $24.6 million compared to $44.2 million in Q2 2024.
Adjusted EBITDA, a non-GAAP measure, improved to -$6.2 million from -$9.4 million in the prior-year period, showing progress in the company’s operational performance. Gross profit margins increased across all products and services compared to last year, with the total gross profit margin rising to 26.0% from 20.1%.
"We continued to advance our turnaround plan in the second quarter of 2025," said CEO Ron Fleming. "Our focus on operational performance resulted in increases in gross profit margins across all products and services compared to the prior year period, and our purposeful effort to streamline our footprint resulted in the successful sale of several non-core assets."
The company reported that new vehicle retail sales fell to 1,068 units from 2,036 in the same period last year, while pre-owned vehicle retail sales decreased to 598 units from 1,100. However, the average gross profit per retail unit increased for both new and pre-owned vehicles.
Lazydays recognized $7.7 million in non-cash impairment charges related to indefinite-lived intangible assets and assets held for sale during the quarter. The company noted that its divestitures allowed it to reduce total liabilities by over $200 million during the first half of the year.
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