Lindblad Expeditions Q3 revenue up 22% to $176M, net income turns positive, Adj. EBITDA +83%

LINDBLAD EXPEDITIONS HOLDINGS, INC.

2023-Q3 EPS reported -$0.40 revenue$444,183,000

Net income $4.5M ($0.08 diluted EPS) vs net loss $9.8M ($0.18 loss) a year ago.
Total revenues $176M (+22%); Lindblad segment rev $108.8M (+30%), Land Experiences $67.2M (+10%).
Adjusted EBITDA $34.0M (+83%); Lindblad segment $20.1M, Land Experiences $13.8M.
FY2023 guidance: tour revenue $550-575M, Adj. EBITDA $70-80M.
Cash, restricted cash, short-term securities $204.8M; issued $275M 9% senior secured notes due 2028 in May.

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 0.9

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported third quarter ended September 30, 2023 results: revenue $176.0 million, net income $4.5 million, $0.08 per diluted share, EPS $0.08 per diluted share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $176.0 million
Net income: $4.5 million, $0.08 per diluted share
EPS: $0.08 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ex_550408.htm Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2023 Third Quarter Financial Results Third Quarter 2023 Highlights: ● Total revenues increased 22% to $176.0 million ● Net income available to stockholders increased $14.3 million to $4.5 million ● Adjusted EBITDA increased 83% to $34.0 million ● Lindblad segment available guest nights

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Source: SEC EDGAR

accession 0001437749-23-029892

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