Lindblad Expeditions (LIND)

Search documents
Lindblad Expeditions (LIND) - 2020 Q4 - Annual Report
2021-03-12 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ 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 ...
Lindblad Expeditions (LIND) - 2020 Q4 - Earnings Call Transcript
2021-03-09 23:44
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q4 2020 Earnings Conference Call March 9, 2021 8:30 AM ET Company Participants Craig Felenstein - CFO Sven Lindblad - CEO Conference Call Participants Steve Wieczynski - Stifel Chris Woronka - Deutsche Bank Greg Pendy - Sidoti Swan Lawrence - Undervalued Shares Operator Good morning, and welcome to the Lindblad Expeditions, Inc. Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would ...
Lindblad Expeditions (LIND) - 2020 Q3 - Earnings Call Transcript
2020-11-01 14:20
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q3 2020 Results Conference Call October 29, 2020 8:30 AM ET Company Participants Sven Lindblad - Founder and CEO Craig Felenstein - CFO Conference Call Participants Steve Wieczynski - Stifel Alex Fuhrman - Craig-Hallum Capital Chris Woronka - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by, and welcome to the Lindblad Expeditions Incorporated reports Third Quarter 2020 Financial Results Conference Call. At this time, all participants a ...
Lindblad Expeditions (LIND) - 2020 Q3 - Quarterly Report
2020-10-29 22:21
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, 2020 ☐ 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) - 2020 Q2 - Earnings Call Transcript
2020-08-11 00:42
Lindblad Expeditions Holdings Inc (NASDAQ:LIND) Q2 2020 Results Conference Call August 10, 2020 4:30 PM ET Company Participants Sven-Olof Lindblad - Chief Executive Officer Craig Felenstein - Chief Financial Officer Conference Call Participants Steven Wieczynski - Stifel Alex Furman - Craig-Hallum Operator Good Day, and welcome to the Lindblad Expeditions Inc. reports Second Quarter 2020 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] I would now like ...
Lindblad Expeditions (LIND) - 2020 Q2 - Quarterly Report
2020-08-10 20:59
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, 2020 ☐ 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 | | --- | --- | | (Sta ...
Lindblad Expeditions (LIND) - 2020 Q1 - Quarterly Report
2020-05-05 23:31
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, 2020 ☐ 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 ...
Lindblad Expeditions (LIND) - 2020 Q1 - Earnings Call Transcript
2020-05-02 22:21
Financial Data and Key Metrics Changes - The company reported a 9% decline in total revenue to $81.2 million for Q1 2020 compared to the same period in 2019, with adjusted EBITDA declining 52% to $10.6 million [24][35] - The net loss available to common stockholders was $1.9 million or $0.04 per diluted share, compared to a net income of $14.7 million or $0.31 per diluted share in Q1 2019 [24][25] - EBITDA for the Lindblad segment was $10.6 million, down $11.5 million from the same period in 2019 [23] Business Line Data and Key Metrics Changes - The Lindblad segment experienced a 12% decrease in available guest nights due to 18 voyage disruptions and cancellations, with occupancy slightly declining to 89% [22] - Revenue for the Lindblad segment decreased by 9%, despite a 3% increase in net yields to $1,030 per night [22] - Natural Habitat's revenue declined 14% to $11.7 million, with EBITDA down 55% to $0.5 million [24] Market Data and Key Metrics Changes - Reservations as of the end of February 2020 were up 25% compared to the same point in 2019, with 86% of the original projected guest ticket revenues sold [20][21] - The company had substantial reservations for expeditions scheduled for the latter half of 2020, with 8% more bookings compared to the same date in 2019 [31] Company Strategy and Development Direction - The company is focused on enhancing liquidity and reducing costs, with plans to lower monthly cash burn from over $30 million to $10 million to $15 million while ships are laid up [29][30] - A working group has been established to develop protocols for reactivating operations, including medical solutions and logistics [9][12] - The company plans to activate certain voyages in the third quarter using charter aircraft for guest transportation [37] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant impact of COVID-19 on operations and expressed optimism about future travel demand, noting that guests are eager to explore again [15][17] - The company is preparing for a gradual return to operations, emphasizing the importance of reliable testing and safety protocols [14][50] - Management has withdrawn full-year revenue and EBITDA guidance due to the uncertainty surrounding the pandemic [35] Other Important Information - The company raised an additional $45 million in capital by drawing down on its revolving credit facility, ending the quarter with $137 million in unrestricted cash [27] - The company returned a $6.6 million loan from the PPP program to support smaller businesses in the travel industry [10][11] Q&A Session Summary Question: How is the company planning to get ships operational again? - The company has created a plan to activate certain voyages in the third quarter using charter aircraft for guest transportation [37] Question: Can you provide clarity on the cash burn and net outflow? - The majority of guests are opting for future travel credits rather than refunds, with the net outflow expected to be manageable [38][39] Question: What are the logistics involved in restarting operations? - The company has fewer logistical challenges compared to larger cruise lines, as it requires minimal external support [47][48] Question: How will the company handle potential future outbreaks? - The company believes that advancements in testing, treatment, and vaccines will allow for safer operations in the future [50] Question: What is the status of the National Geographic Resolution? - The company anticipates taking delivery of the National Geographic Resolution in late 2021, with payments scheduled based on milestones [62] Question: What is the expected maintenance capex for the year? - The company expects maintenance capex to be below $10 million for 2020, significantly reduced from initial forecasts [66]
Lindblad Expeditions (LIND) - 2019 Q4 - Annual Report
2020-02-26 21:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 LINDBLAD EXPEDITIONS HOLDINGS, INC. FORM 10-K (Exact Name of Registrant as Specified in Its Charter) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ 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 | Delaware ...
Lindblad Expeditions (LIND) - 2019 Q4 - Earnings Call Transcript
2020-02-25 20:45
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q4 2019 Earnings Conference Call February 25, 2020 8:30 AM ET Company Participants Craig Felenstein - CFO Sven-Olof Lindblad - Founder, CEO, President & Director Conference Call Participants Steven Wieczynski - Stifel, Nicolaus & Company Alex Fuhrman - Craig-Hallum Capital Group Tyler Batory - Janney Montgomery Scott Gregory Pendy - Sidoti & Company Operator Good day, and welcome to Lindblad Expeditions Inc. Fourth Quarter 2019 Financial Results Conference ...