NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Lindblad Expeditions reported financial results, resuming fleet operations in June 2021 and seeing strong reservations for future travel.

Lindblad Expeditions resumed fleet operations in June 2021, with eight of nine owned and operated ships restarting expeditions as of July 31, 2021. The company increased total cash by $17 million through guest payments and cost reductions, ending the quarter with $160 million in unrestricted cash and $44 million in restricted cash. Bookings for 2022 are 36% ahead of bookings for 2021 at the same point a year ago.

  • Resumed fleet operations in June 2021 with ships in Alaska and the Galapagos.
  • Increased total cash by $17 million through guest payments and cost reductions.
  • Ended the quarter with $160 million in unrestricted cash and $44 million in restricted cash.
  • 2022 bookings are 36% ahead of 2021 bookings at the same point a year ago.

Headline financials

Total Revenue

$15.3M

Previous: $12K+127116.7%
EPS (adj)

-$0.71

Previous: -$0.80+11.3%
Capital Expenditures

-$25.2M

Previous: -$152M+83.4%
Free Cash Flow

-$60.5M

Previous: -$192M+68.5%
Net Income

-$35.3M

Previous: -$39.9M+11.6%
Operating Income

-$32.6M

Previous: -$34.7M+6.2%
Gross Profit

-$4.13M

Previous: -$12.7M+67.5%
Cash & Equivalents

$160M

Previous: $80.9M+97.9%
Total Assets

$799M

Previous: $672M+18.9%
Stock-Based Comp

$1.13M

Previous: $703K+60.6%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$15.3M

Q2 2021+127,116.7%vs Q2 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $15.5M total across 2 segments · Q2 2021

  • Land Experiences
    $8.8M
  • Lindblad segment
    $6.7M

Forward guidance

Due to the continued uncertainty surrounding 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 Q2 2021

Historical avgQ2 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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