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 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 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 ...

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 | | --- | --- | | ...

Financial Data and Key Metrics Changes - The company reduced operating expenses before depreciation and amortization, interest, and taxes by over 60% in Q2 2020 compared to the same quarter last year [35] - Estimated monthly cash usage has been lowered to $10 million to $15 million, which includes all ship and office operating expenses, necessary capital expenditures, and expected interest and principal payments [35][36] - Net cash spend during the quarter was $57 million, which included approximately $31 million in operating costs, excluding refunds [36] Business Line Data and Key Metrics Changes - Bookings for 2021 are currently 6% ahead of 2020 at the same point a year ago and 35% ahead of 2019 at the same point in 2018 [41] - The company has generated over $30 million in new bookings since March 1, 2020, from guests not utilizing future travel credits [42] Market Data and Key Metrics Changes - Current bookings for 2020 are down 62% compared to 2019 due to voyage cancellations, but demand for future expedition travel remains strong [41] - The majority of guests are opting for future travel credits instead of full refunds for canceled voyages, indicating a positive trend in customer sentiment [39] Company Strategy and Development Direction - The company is focusing on reactivation plans that include credible medical solutions, welcoming geographies, and ensuring traveler safety [15][16][17] - There is a strong belief that pent-up demand for expedition cruising will significantly increase post-pandemic [17][28] - The company aims to enhance its liquidity position through various strategies, including potential financing in public and private markets [49] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the uncertainty in the broader travel and tourism industry but remains optimistic about resuming operations soon [27] - The company has taken significant steps to preserve capital and maintain its brand reputation during the shutdown [18][24] - There is a clear opportunity to expand operations in French Polynesia post-COVID, which could become a major geography for the company [76] Other Important Information - The company ended the quarter with $81 million in unrestricted cash and $21 million in restricted cash related to deposits on voyages originating in the U.S. [43] - The company has deferred approximately $9 million in principal payments under export credit agreements to enhance liquidity [44] Q&A Session Summary Question: Regarding 2021 booking commentary and new bookings - The $30 million in bookings since March represents new bookings, not including those using future travel credits [51] Question: Cash inflow from new bookings versus refunds - Currently, cash inflow from new bookings does not exceed refunds going out, but this is expected to change as fewer refunds are processed [54][55] Question: Return to operations and air service plans - The return to operations depends on geography, with plans for charter services being explored to mitigate costs and ensure safety [56][58] Question: Incremental costs to bring ships back online - Costs to bring ships back online will primarily involve crew travel and salaries, along with necessary repairs [70][72] Question: Major regions for upcoming voyages - Key regions for upcoming voyages include Antarctica, the Galapagos Islands, and Central America, with a focus on expanding operations in French Polynesia [74][76] Question: Noteworthy trends in new bookings - Guests using future travel credits are generally rebooking similar voyages, with some opting to upgrade cabins or book additional voyages [79]

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 ...

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 ...

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]

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 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 ...