secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001437749-23-020790
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindblad Q2 revenues up 37% to $124.8M; Adj. EBITDA turns positive at $6.2M
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- Revenue $124.8M (+37% YoY); net loss $25.6M ($0.48/sh) improved from $30.0M loss a year ago.
- Adjusted EBITDA $6.2M vs -$6.2M prior year; Lindblad segment occupancy 74%, net yield $1,034 (+5%).
- Issued $275M 9% senior secured notes due 2028 to refinance export credit; cash $197.4M, debt $635.1M.
- Full-year 2023 guidance: revenue $550-575M, Adj. EBITDA $70-80M; 2023 bookings 43% ahead of 2019.
- Stock repurchases $23M under $35M plan; 875K shares and 6.0M warrants bought as of July 24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000143774923020790/0001437749-23-020790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000143774923020790/lindb20230718_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020790

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