NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Lindblad Expeditions reported a net loss due to the suspension of the majority of its expeditions as a result of the COVID-19 pandemic.

Lindblad Expeditions Holdings, Inc. reported financial results for the quarter ended September 30, 2020. The company has suspended or rescheduled the majority of its expeditions departing March 16, 2020 through December 31, 2020 and has rescheduled its 2020-2021 Antarctica season due to the COVID-19 pandemic. The company ended the quarter with $129.6 million in unrestricted cash and $16.5 million in restricted cash.

  • Implemented significant cost reduction measures to further increase liquidity profile.
  • Ended the quarter with $129.6 million in unrestricted cash and $16.5 million in restricted cash.
  • Cash usage is approximately $10-15 million monthly excluding the impact of guest payments and refunds.
  • Lindblad segment bookings for travel in 2020 are now 74% below the same point a year ago for 2019 due primarily to the cancelled and rescheduled voyages.

Headline financials

Total Revenue

$20K

Previous: $101M-100.0%
EPS (adj)

-$0.56

Previous: -$0.01-5500.0%
Capital Expenditures

-$153M

Previous: -$76.7M-99.2%
Free Cash Flow

-$180M

Previous: -$74.6M-141.6%
Net Income

-$27.4M

Previous: $2.16M-1367.0%
Operating Income

-$26.8M

Previous: $15.7M-271.2%
Gross Profit

-$8.06M

Previous: $52.7M-115.3%
Cash & Equivalents

$130M

Previous: $104M+24.5%
Total Assets

$709M

Previous: $530M+33.8%
Stock-Based Comp

$310K

Previous: $917K-66.2%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$20K

Q3 2020-100%vs Q3 2019
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $600K total across 1 segment · Q3 2020

  • Lindblad segment
    $600K-99.2%

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 our expectations when we have 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 Q3 2020

Historical avgQ3 2020

+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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