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Mar 31, 2022
Lindblad Expeditions Q1 2022 Earnings Report
Lindblad Expeditions reported financial results for the first quarter ended March 31, 2022.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported a net loss available to stockholders for the first quarter of $43.0 million, or $0.85 per diluted share. Tour revenues for the first quarter were $67.8 million, an increase of $66.0 million compared to the same period in 2021. The company is optimistic about future growth, with bookings for the second half of 2022 and 2023 being significantly ahead of pre-pandemic levels.
Operated nine of ten owned and operated ships providing expeditions across various locations.
Strong reservations for future travel, with bookings for the second half of 2022 50% ahead of bookings for the second half of 2019.
Bookings for 2023 are 32% ahead of bookings for 2020 at the same point in 2019.
Increased financial flexibility with refinancing of existing term loan and revolving credit facilities through issuance of new senior secured notes.
Revenue by Segment
Forward Guidance
Given 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 and extent of future operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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