NASDAQ$LIND
Lindblad Expeditions Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Lindblad Expeditions reported financial results, showing increased tour revenues compared to the same period in 2021, but a net loss available to stockholders.
Lindblad Expeditions Holdings, Inc. reported its Q4 2022 financial results, featuring an increase in tour revenues to $118.0 million, up from $65.6 million in Q4 2021. However, the company experienced a net loss available to stockholders of $33.2 million, compared to a net loss of $27.8 million in the same quarter of the previous year. Adjusted EBITDA loss improved to $2.7 million from $13.7 million year-over-year.
- Tour revenues increased to $118.0 million, driven by growth in both Lindblad and Land Experiences segments.
- Net loss available to stockholders was $33.2 million, a decrease of $5.4 million compared to Q4 2021.
- Adjusted EBITDA loss improved to $2.7 million, driven by improvements in both Lindblad and Land Experiences segments.
- The company had $87.2 million in unrestricted cash and $28.8 million in restricted cash as of December 31, 2022.
Headline financials
Revenue & EPS history
Lindblad Expeditions · Revenue · Quarterly
$118M
Revenue by segment
Lindblad Expeditions · $118M total across 2 segments · Q4 2022
- Lindblad segment$78.3M—66.4%
- Land Experiences$39.7M—33.6%
Forward guidance
The Company’s current expectations for the full year 2023 are as follows: Tour revenues of $550 - $575 million and Adjusted EBITDA of $70 - $80 million.
Tailwinds
- Tour revenues of $550 - $575 million
- Adjusted EBITDA of $70 - $80 million
- Substantial advance reservations for future travel
- Strong gross bookings
- Lindblad segment bookings for travel during 2023 have increased 47% as compared with bookings for 2019 as of the same date in 2019.
Headwinds
- Short-term cancellations associated with the COVID-19 virus
- Instability in Peru
- Itinerary changes due to the Russia-Ukraine conflict
- Monthly cash usage will increase
- There can be no assurance that cash flows from operations will be available to fund future obligations
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 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
| Quarter | Report date | Reaction (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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