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Dec 31, 2021
Lindblad Expeditions Q4 2021 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2021.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported a strong recovery in Q4 2021, driven by the resumption of expeditions and strategic acquisitions. Tour revenues increased significantly compared to the same period in 2020, with both the Lindblad and Land Experiences segments contributing to the growth. The company's net loss improved, and Adjusted EBITDA showed positive momentum, reflecting the benefits of increased operations and cost management.
Tour revenues increased to $65.6 million, up $65.2 million compared to Q4 2020.
Net loss available to stockholders improved by $3.2 million to $27.8 million, or $0.54 per diluted share.
Adjusted EBITDA loss improved by $6.1 million to $13.7 million.
The company benefited from the resumption of expeditions and the operation of additional trips, as well as the utilization of the CERTS grant.
Forward Guidance
Due to the continued uncertainty surrounding 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.
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