secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001437749-23-012197
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000143774923012197/0001437749-23-012197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000143774923012197/lindb20230418_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012197

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