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Lindblad Expeditions (LIND) - 2022 Q1 - Quarterly Report
2022-05-04 21:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. | (Exact name of registrant as specified in its charter) | | | --- | --- | | Delaware | 27-4749725 | ...
Lindblad Expeditions (LIND) - 2022 Q1 - Earnings Call Transcript
2022-05-03 16:57
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET Company Participants Craig Felenstein - Chief Financial Officer Dolf Berle - Chief Executive Officer Conference Call Participants Steven Wieczynski - Stifel Jonathan Thibodeaux - Oppenheimer Ryan Sundby - William Blair Operator Good day, and welcome to the Lindblad Expeditions Inc. First Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I ...
Lindblad Expeditions (LIND) - 2021 Q4 - Annual Report
2022-02-28 22:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) Common Stock, par value $0.0001 per share LIND The NASDAQ Stock Market LLC ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to ______________ Commission File Number 001-35898 LINDBLAD EXPEDITIONS HOLDI ...
Lindblad Expeditions (LIND) - 2021 Q4 - Earnings Call Transcript
2022-02-22 18:49
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q4 2021 Earnings Conference Call February 22, 2022 8:30 AM ET Company Participants Craig Felenstein - Chief Financial Officer Dolf Berle - Chief Executive Officer Conference Call Participants Steven Wieczynski - Stifel Alex Fuhrman - Craig-Hallum Capital Group Chris Woronka - Deutsche Bank Tyler Batory - Janney Ryan Sundby - William Blair Operator Good morning everyone and welcome to the Lindblad Expeditions Inc. Reports Fourth Quarter 2021 Financial Results ...
Lindblad Expeditions (LIND) - 2021 Q3 - Quarterly Report
2021-11-02 20:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | 27-4749725 | | --- | --- | | ...
Lindblad Expeditions (LIND) - 2021 Q3 - Earnings Call Transcript
2021-11-02 17:24
Financial Data and Key Metrics Changes - The company reported third-quarter revenue of $64.5 million, a significant increase from only $1 million in the same period last year [39] - EBITDA loss improved to $6.6 million, a $10.9 million improvement compared to the same quarter last year [40] - Total cash at the end of the third quarter was $185 million, a decline of $18 million from the previous quarter [35] Business Line Data and Key Metrics Changes - The Lindblad segment generated $33.1 million from operating shifts, primarily in Alaska, Iceland, and the Galapagos [39] - The Land Experiences segment contributed $31.4 million, including trips to Africa and various U.S. national parks [39] - The land businesses delivered positive earnings due to surging demand for domestic travel [24] Market Data and Key Metrics Changes - Bookings for 2022 are currently 51% ahead of 2021 and 27% ahead of 2020 at the same time [38] - The company experienced a temporary slowdown in bookings due to the Delta variant but is seeing a return to health in bookings [76][78] Company Strategy and Development Direction - The company is focused on expanding its fleet and diversifying product offerings to capitalize on the demand for authentic adventure travel [34] - The acquisition of Classic Journeys aims to enhance the company's platform of land-based adventure travel companies [22][23] - Digital initiatives are being prioritized, with a nearly 50% increase in web traffic compared to the same period in 2019 [26] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about sustaining business momentum, particularly with strong bookings for the upcoming Antarctic season [14] - The company is navigating supply chain challenges by diversifying sources and using local suppliers [20] - There is significant pent-up demand for travel, and management expects 2022 to be a positive earnings year [56] Other Important Information - The company has implemented strict COVID protocols, requiring vaccinations and testing for guests and crew [13] - The National Geographic Resolution was delivered on time and on budget, marking a significant achievement for the company [17] Q&A Session Summary Question: Will the company be in a positive earnings position in 2022? - Management indicated that while there are variables, the demand curve is positive, and they expect 2022 to be a positive earnings year [56] Question: What is the outlook for new hardware orders? - The company is opportunistic about acquiring ships and intends to be a growth company, but currently has no new builds on order [58][59] Question: What drove the strength in the Land Experiences segment? - The performance exceeded expectations due to strong domestic travel demand, particularly for national park experiences [66][68] Question: Has there been any change in guest demographics? - There has not been a significant change in demographics, but repeat guests increased slightly due to direct mail marketing [71] Question: Is the slowdown in bookings due to the Delta variant temporary? - Management is seeing a return to health in bookings and is optimistic about future consumer confidence [76][78]
Lindblad Expeditions (LIND) - 2021 Q2 - Quarterly Report
2021-08-04 19:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 27-4749725 (State or other jurisdicti ...
Lindblad Expeditions (LIND) - 2021 Q2 - Earnings Call Transcript
2021-08-04 03:38
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q2 2021 Earnings Conference Call August 3, 2021 8:30 AM ET Company Participants Craig Felenstein - CFO Dolf Berle - CEO Sven Lindblad - Founder and Co-Chair Conference Call Participants Steve Wieczynski - Stifel Chris Woronka - Deutsche Bank Alex Fuhrman - Craig-Hallum Operator Good morning, and welcome to the Lindblad Expeditions Inc., Second Quarter 2021 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I ...
Lindblad Expeditions (LIND) - 2021 Q1 - Earnings Call Transcript
2021-05-01 08:30
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q1 2021 Earnings Conference Call April 29, 2021 8:30 AM ET Company Participants Craig Felenstein - CFO Sven Lindblad - CEO Conference Call Participants Steve Wieczynski - Stifel Alex Fuhrman - Craig-Hallum Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lindblad Expeditions' First Quarter Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] ...
Lindblad Expeditions (LIND) - 2021 Q1 - Quarterly Report
2021-04-30 20:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35898 LINDBLAD EXPEDITIONS HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 27-4749725 (State or other jurisdict ...