Lazydays said its Q1 revenue decreased to $295.7 million from $376.2 million in Q1 last year.
The company’s net loss in the first quarter was $1.5 million, compared to net income of $27.1 million in the first quarter of 2022.
The company said it ended the first quarter with total estimated liquidity of $175.1 million including $41 million of cash on hand, $20 million of availability on its revolving line of credit, $62.5 million of immediately available cash on our floorplan offset account, and $60.8 million of unfinanced real estate that it estimates could provide approximately $51.6 million of liquidity.
