{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-004836","form_type":"8-K","ticker":"LIND","cik":"0001512499","company_name":"LINDBLAD EXPEDITIONS HOLDINGS, INC.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.328663+00:00","generated_at":"2026-06-18T21:56:02.468080+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Lindblad FY2022 revenue $421.5M, net loss improves to $116.1M; guides FY2023 EBITDA $70-80M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-004836","json":"https://secwatch.observer/filing/0001437749-23-004836.json","markdown":"https://secwatch.observer/filing/0001437749-23-004836.md","text":"https://secwatch.observer/filing/0001437749-23-004836.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1512499/000143774923004836/0001437749-23-004836-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1512499/000143774923004836/lindb20230126_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T21:56:02.468080+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9638c271faa7e08fd7baf7b6cc09e1de7cc3a8e9","claim":"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.","evidence_excerpt":"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,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512499/000143774923004836/0001437749-23-004836-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$118.0 million"},{"label":"Net income","value":"$33.2 million"},{"label":"EPS","value":"$0.63 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d249ae8657872fd30f9a696201df337a1127347b","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512499/000143774923004836/0001437749-23-004836-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2022"},{"label":"Revenue","value":"$421.5 million"},{"label":"Net income","value":"$116.1 million"},{"label":"EPS","value":"$2.23 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}