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Mar 31, 2021
Lindblad Expeditions Q1 2021 Earnings Report
Reported financial results for the first quarter ended March 31, 2021.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported a decrease in tour revenues by 98% compared to the same period in 2020, driven by rescheduling expeditions due to COVID-19. The company's net loss available to stockholders was $34.5 million, or $0.66 per diluted share, compared to a net loss of $1.9 million, or $0.04 per diluted share, in the first quarter of 2020. The company has announced plans to resume ship operations for the 2021 season in Alaska and the Galapagos in June 2021.
Announced plans to resume fleet operations beginning with Alaska and the Galapagos during June 2021
Broadened platform of high-quality experiential travel offerings with acquisition of majority stakes in leading travel operators DuVine Cycling + Adventure and Off the Beaten Path LLC
Continued significant cost reduction measures as prepare to resume operations and ended quarter with $163.9 million in unrestricted cash and $22.4 million in restricted cash
Strong reservations for future travel with 2022 bookings currently 39% ahead of bookings for 2021 at the same point a year ago
Revenue by Segment
Forward Guidance
Due to the continued uncertainty around the COVID-19 pandemic, the Company is not providing a full year outlook regarding results of operations at this time and will update its expectations when it has more clarity around the timing of and extent of future operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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