NASDAQ$LIND

Lindblad Expeditions Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2021.

Lindblad Expeditions Holdings, Inc. reported a strong recovery in Q4 2021, driven by the resumption of expeditions and strategic acquisitions. Tour revenues increased significantly compared to the same period in 2020, with both the Lindblad and Land Experiences segments contributing to the growth. The company's net loss improved, and Adjusted EBITDA showed positive momentum, reflecting the benefits of increased operations and cost management.

  • Tour revenues increased to $65.6 million, up $65.2 million compared to Q4 2020.
  • Net loss available to stockholders improved by $3.2 million to $27.8 million, or $0.54 per diluted share.
  • Adjusted EBITDA loss improved by $6.1 million to $13.7 million.
  • The company benefited from the resumption of expeditions and the operation of additional trips, as well as the utilization of the CERTS grant.

Headline financials

Total Revenue

$65.6M

Previous: $367K+17761.9%
EPS (adj)

-$0.54

Previous: -$0.59+8.5%
Adjusted EBITDA

-$13.7M

No prior period
Capital Expenditures

$7.57M

Previous: $2.69M+181.8%
Free Cash Flow

$3.4M

Previous: -$23.2M+114.7%
Net Income

-$27.8M

Previous: -$31M+10.3%
Operating Income

-$36M

Previous: -$41.8M+13.8%
Gross Profit

$14.3M

Previous: -$9.58M+249.7%
Cash & Equivalents

$151M

Previous: $188M-19.6%
Total Assets

$827M

Previous: $892M-7.2%
Stock-Based Comp

$1.42M

Previous: $477K+197.1%

Revenue & EPS history

Lindblad Expeditions · Revenue · Quarterly

$65.6M

Q4 2021+17,761.9%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Lindblad Expeditions · $176M total across 2 segments · Q3 2023

  • Lindblad segment
    $109M-3.1%
  • Land Experiences
    $67.2M+106.8%

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 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 Q4 2021

Historical avgQ4 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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