Lindblad Expeditions Hldgs Inc Stock Price, News & Analysis

Lindblad Expeditions Holdings reported a significant increase in tour revenues for Q4 2021, totaling $65.6 million, up from $364,000 in Q4 2020. Full-year tour revenues also rose to $147.1 million, reflecting a $64.8 million increase compared to 2020. Despite this growth, the company experienced a net loss of $124.7 million for 2021, with an Adjusted EBITDA loss of $64.0 million. Lindblad attributes revenue growth to the resumption of expeditions and acquisitions that bolstered their offerings. However, ongoing uncertainties related to COVID-19 impact their financial outlook.

Lindblad Expeditions Holdings (NASDAQ: LIND) announced the appointment of Alex Schultz as an independent director, expanding the Board from nine to ten members. Schultz, currently CMO and VP of Analytics at Meta, brings extensive experience in data-driven marketing. His expertise is expected to enhance Lindblad's engagement strategies with potential customers. Co-Chairs Mark D. Ein and Sven-Olof Lindblad praised his proven track record in driving growth through effective marketing campaigns. The company seeks to capitalize on the increasing demand for experiential travel.

Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will release its 2021 fourth quarter and full year financial results on February 22, 2022, before market opening. A conference call is scheduled for 8:30 am Eastern Time to discuss these results. Investors can access the call by dialing specific numbers for the U.S., Canada, and international calls. The earnings release and live audio webcast will be available on Lindblad's investor relations website. A replay of the call will also be accessible shortly after its completion.

Lindblad Expeditions Holdings, Inc. (Nasdaq: LIND) has announced the pricing of its wholly-owned subsidiary's private offering of $360 million in 6.750% senior secured notes due 2027, increasing the offering size by $20 million. The notes will be senior secured obligations, guaranteed by Lindblad and other subsidiaries, with first-priority liens on substantial assets. Proceeds will be used primarily to prepay existing debt, including loans and revolving credit facilities. The offering is restricted to qualified institutional buyers under Regulation S and Rule 144A.

Lindblad Expeditions Holdings (Nasdaq: LIND) announced its intention to offer $340 million of senior secured notes due 2027 through its subsidiary, Lindblad Expeditions, LLC. This issuance is subject to market conditions, and it will be secured by first-priority liens on most assets of the Issuer and its guarantors. The net proceeds will be utilized to fully prepay existing borrowings, including a term loan and revolving credit facility, and terminate the existing credit agreement.

Lindblad Expeditions Holdings reported significant recovery in Q3 2021, with tour revenues of $64.5 million, a $63.5 million increase from Q3 2020. The company resumed operations for eight of ten vessels post-COVID-19 shutdown, showcasing strong booking momentum with 2022 bookings up 51% from 2021. Despite a net loss of $25.7 million ($0.50 per share), the company improved its Adjusted EBITDA loss by $10.9 million. Upcoming growth opportunities include the delivery of the National Geographic Resolution and the acquisition of Classic Journeys.

Lindblad Expeditions Holdings will announce its 2021 third-quarter financial results on November 2, 2021, before market opening. A conference call is scheduled for 8:30 AM ET to discuss these results, accessible via phone for U.S. and international participants. A replay of the call will be available within 48 hours. Lindblad, known for expedition cruises and adventure travel, collaborates with National Geographic for unique marine programs, promoting conservation and sustainable tourism worldwide.

Lindblad Expeditions Holdings has acquired an 80% stake in Classic Journeys, a luxury walking tour company. This strategic acquisition aims to expand Lindblad's adventure travel offerings, similar to past acquisitions like Natural Habitat and DuVine Cycling. Classic Journeys, established in 1995, focuses on immersive cultural experiences led by local guides in over 50 countries. The partnership complements Lindblad’s commitment to authentic travel while leveraging Classic Journeys' expertise to enhance their service offerings as they target a broader clientele in the growing adventure travel sector.

Lindblad Expeditions Holdings reported a second quarter tour revenue of $15.3 million, a significant increase from $15.5 million in the same period of 2020, driven by the resumption of expeditions. Despite a net loss of $36.6 million or $0.71 per diluted share, this reflects an improvement compared to $39.7 million in Q1 2020. The Company highlights advanced bookings for 2022 are 36% ahead of 2021. Operating costs are rising as operations ramp up, but liquidity remains strong with $160.1 million in unrestricted cash as of June 30, 2021.