8-K
filed February 28, 2023, 6:59 PM ET
ticker LIND
CIK 0001512499
earnings
confidence high
sentiment positive
materiality 0.80
Lindblad FY2022 revenue $421.5M, net loss improves to $116.1M; guides FY2023 EBITDA $70-80M
LINDBLAD EXPEDITIONS HOLDINGS, INC.
2022-FY EPS reported
-$2.23
revenue$421,500,000
- Full year 2022 revenue $421.5M (+187% YoY); net loss $116.1M ($2.23/share) improved from $124.7M loss in 2021.
- Q4 2022 revenue $118.0M (+80% YoY); net loss $33.2M vs $27.8M loss in prior year quarter.
- Adjusted EBITDA loss FY2022 $11.5M (improved $52.5M); FY2023 guidance: revenue $550-575M, EBITDA $70-80M.
- Lindblad net yield $978/guest night (+11%); 2023 bookings 47% ahead of 2019 at same point.
- Issued $360M 6.75% senior secured notes due 2027 to refinance debt; $87.2M cash, $565.8M total debt.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the fourth quarter ended December 31, 2022 results: revenue $118.0 million, net income $33.2 million, EPS $0.63 per diluted share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $118.0 million
- Net income
- $33.2 million
- EPS
- $0.63 per diluted share
- Result
- reported results
Exact text from the filing
Fourth quarter tour revenues of $118.0 million increased $52.4 million as compared to the same period in 2021. The increase was driven by a $37.8 million increase at the Lindblad segment and a $14.6 million increase at the Land Experiences segment, primarily due to the ramp in expeditions and trips compared with the fourth quarter a year ago and higher pricing. The Land Experiences segment also includes a full quarter of results for Classic Journeys, which was acquired during the fourth quarter of 2021. Net Income Net loss available to stockholders for the fourth quarter was $33.2 million, $0.63 per diluted share,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the full year ended December 31, 2022 results: revenue $421.5 million, net income $116.1 million, EPS $2.23 per diluted share.
- Period
- the full year ended December 31, 2022
- Revenue
- $421.5 million
- Net income
- $116.1 million
- EPS
- $2.23 per diluted share
- Result
- reported results
Exact text from the filing
Full year tour revenues of $421.5 million increased $274.4 million as compared to the same period in 2021. The increase was driven by a $195.6 million increase at the Lindblad segment and a $78.8 million increase at the Land Experiences segment, primarily due to the ramp in expeditions and trips and higher pricing. The Land Experiences segment also includes a full year of results for Off the Beaten Path LLC (“Off the Beaten Path”), DuVine Cycling + Adventure (“DuVine”) and Classic Journeys, LLC (“Classic Journeys”), which were acquired during 2021. Net Income Net loss available to stockholders for the full year was $116.1 million, $2.23 per diluted share, as compared with net loss available to stockholders of $124.7 million, $2.41 per diluted share, in 2021.
View on SEC.gov
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