Lindblad Q1 revenue $143.4M, net loss narrows to $0.4M; full-year guidance issued

LINDBLAD EXPEDITIONS HOLDINGS, INC.

2023-Q1 EPS reported -$0.01 revenue$143,395,000

Total revenue $143.4M, up 111% YoY; net loss $0.4M ($0.01/share) vs. $43.0M loss in Q1 2022.
Adjusted EBITDA $27.2M, a $48.4M improvement from -$21.2M in prior year.
Lindblad segment net yield per available guest night $1,205 (+63% YoY); occupancy 81% vs. 66%.
2023 guidance: tour revenues $550-575M, Adjusted EBITDA $70-80M; bookings for 2023 45% ahead of 2019 pace.
Issued $275M 9.00% senior secured notes due 2028 to refinance export credit facilities.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue Total revenue of $143.4 million, net income Net loss available to stockholders of $0.4 million, EPS $0.01 per diluted share. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: Total revenue of $143.4 million
Net income: Net loss available to stockholders of $0.4 million
EPS: $0.01 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

EXHIBIT 99.1 ex_502203.htm Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2023 First Quarter Financial Results First Quarter 2023 Highlights: ● Total revenue of $143.4 million increased $75.5 million versus 2022 and $53.7 compared with 2019 ● Net loss available to stockholders of $0.4 million improved $42.6 million versus 2022 ● Adjusted EBITDA of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported full year 2023 results: revenue Tour revenues of $550 - $575 million. Guidance initiated.

Period: full year 2023
Revenue: Tour revenues of $550 - $575 million
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company's current expectations for the full year 2023 are as follows: ● Tour revenues of $550 - $575 million ● Adjusted EBITDA of $70 - $80 million

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Source: SEC EDGAR

accession 0001437749-23-012197

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