NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Lindblad Expeditions reported financial results for the first quarter ended March 31, 2022.

Lindblad Expeditions Holdings, Inc. reported a net loss available to stockholders for the first quarter of $43.0 million, or $0.85 per diluted share. Tour revenues for the first quarter were $67.8 million, an increase of $66.0 million compared to the same period in 2021. The company is optimistic about future growth, with bookings for the second half of 2022 and 2023 being significantly ahead of pre-pandemic levels.

  • Operated nine of ten owned and operated ships providing expeditions across various locations.
  • Strong reservations for future travel, with bookings for the second half of 2022 50% ahead of bookings for the second half of 2019.
  • Bookings for 2023 are 32% ahead of bookings for 2020 at the same point in 2019.
  • Increased financial flexibility with refinancing of existing term loan and revolving credit facilities through issuance of new senior secured notes.

Headline financials

Total Revenue

$67.8M

Previous: $1.78M+3711.6%
EPS (adj)

-$0.85

Previous: -$0.66-28.8%
Capital Expenditures

-$7.52M

Previous: -$3.8M-97.9%
Free Cash Flow

-$49.2M

Previous: -$37M-32.9%
Net Income

-$41.7M

Previous: -$33.2M-25.5%
Operating Income

-$34.2M

Previous: -$31.1M-10.2%
Gross Profit

$9.9M

Previous: -$6.5M+252.3%
Cash & Equivalents

$155M

Previous: $164M-5.6%
Total Assets

$841M

Previous: $760M+10.6%
Stock-Based Comp

$1.83M

Previous: $1.61M+13.5%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$67.8M

Q1 2022+3,711.6%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $67.8M total across 2 segments · Q1 2022

  • Lindblad segment
    $51.5M+41432.3%
  • Land Experiences
    $16.3M+996.2%

Forward guidance

Given 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 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 2022

Historical avgQ1 2022

+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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