NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2021.

Lindblad Expeditions Holdings, Inc. reported a decrease in tour revenues by 98% compared to the same period in 2020, driven by rescheduling expeditions due to COVID-19. The company's net loss available to stockholders was $34.5 million, or $0.66 per diluted share, compared to a net loss of $1.9 million, or $0.04 per diluted share, in the first quarter of 2020. The company has announced plans to resume ship operations for the 2021 season in Alaska and the Galapagos in June 2021.

  • Announced plans to resume fleet operations beginning with Alaska and the Galapagos during June 2021
  • Broadened platform of high-quality experiential travel offerings with acquisition of majority stakes in leading travel operators DuVine Cycling + Adventure and Off the Beaten Path LLC
  • Continued significant cost reduction measures as prepare to resume operations and ended quarter with $163.9 million in unrestricted cash and $22.4 million in restricted cash
  • Strong reservations for future travel with 2022 bookings currently 39% ahead of bookings for 2021 at the same point a year ago

Headline financials

Total Revenue

$1.78M

Previous: $81.2M-97.8%
EPS (adj)

-$0.66

Previous: -$0.04-1550.0%
Capital Expenditures

-$3.8M

Previous: -$117M+96.7%
Free Cash Flow

-$37M

Previous: -$119M+68.9%
Net Income

-$33.2M

Previous: -$2.47M-1245.4%
Operating Income

-$31.1M

Previous: $2.25M-1480.1%
Gross Profit

-$6.5M

Previous: $39M-116.6%
Cash & Equivalents

$164M

Previous: $137M+19.6%
Total Assets

$760M

Previous: $706M+7.7%
Stock-Based Comp

$1.61M

Previous: $898K+79.4%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$1.78M

Q1 2021-97.8%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $1.61M total across 2 segments · Q1 2021

  • Land Experiences
    $1.49M
  • Lindblad segment
    $124K

Forward guidance

Due to the continued uncertainty around the COVID-19 pandemic, the Company is not providing a full year outlook regarding results of operations at this time and will update its expectations when it has more clarity around the timing of and extent of future operations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.2%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+5.1%

Avg return

30 days after

57%

25 / 44 earnings

Positive

+40.5%

Q3 2024

Best reaction

-13.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.9%+18.4%+24.4%
Q4 2025-2.4%-8.3%-18.7%
Q3 2025+2.1%-0.6%-1.9%
Q1 2025+9.0%+14.5%+19.7%
Q4 2024-1.3%-3.2%-14.5%
Q3 2024+40.5%+48.2%+43.4%
Q2 2024-0.7%-4.2%+22.6%
Q1 2024+1.4%+0.5%+4.9%
Q4 2023-3.5%-9.6%-2.9%
Q3 2023+13.9%+15.8%+40.9%
Q2 2023+13.7%+11.2%-6.0%
Q1 2023-2.0%-2.8%-10.4%
Q4 2022-13.7%-3.7%-12.9%
Q3 2022+27.3%+29.0%+9.6%
Q2 2022+4.3%+7.6%-2.2%
Q1 2022-8.5%-15.1%-4.3%
Q4 2021-13.2%-0.5%-15.8%
Q3 2021+6.1%+12.9%-9.1%
Q2 2021-3.6%+10.8%+5.5%
Q1 2021-4.0%-6.3%-0.3%
Q4 2020+2.2%+6.5%-6.8%
Q3 2020+6.8%+1.0%+65.7%
Q2 2020+2.9%-4.4%+32.0%
Q1 2020-3.3%-10.8%+17.5%
Q4 2019-5.5%-13.8%-58.8%
Q3 2019-0.7%+1.0%-2.2%
Q2 2019+0.4%-0.9%-0.9%
Q1 2019+0.6%+1.3%+2.1%
Q4 2018+3.6%+6.8%+12.1%
Q3 2018-1.5%-1.1%-5.6%
Q2 2018+2.0%+7.8%+16.8%
Q1 2018+6.4%+7.4%+9.6%
Q4 2017+0.3%-0.3%+11.8%
Q3 2017-2.7%-1.6%-4.8%
Q2 2017+4.3%+6.9%+14.4%
Q1 2017+1.2%+0.2%+6.8%
Q4 2016+0.6%+3.5%+1.7%
Q3 2016+5.5%+5.3%+19.9%
Q2 2016-5.0%-5.8%-3.1%
Q1 2016-0.7%
Q4 2015-5.2%
Q3 2015+1.9%
Q2 2015-0.8%
Q1 2015+1.8%
Q4 2012

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