secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001437749-22-010575
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindblad Q1 loss widens to $43M on $67.8M revenue as operations ramp
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- Tour revenue of $67.8M vs $1.8M in Q1 2021; net loss $43.0M ($0.85/share) vs $34.6M loss.
- Adjusted EBITDA loss of $21.2M vs $20.8M loss; Lindblad segment loss $21.0M, Land Experiences loss $0.2M.
- Bookings for H2 2022 up 50% vs H2 2019; full-year 2023 bookings up 32% vs 2020 at same point.
- Closed $360M 6.75% senior secured notes due 2027; new $45M revolver; debt at $584.1M as of Mar 31.
- Extended Galapagos Islands operating cupos for additional 20 years; stock buyback plan with $12M remaining, currently suspended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000143774922010575/0001437749-22-010575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000143774922010575/lindb20220329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-010575

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer