Lindblad Expeditions Hldgs Inc Stock Price, News & Analysis

Lindblad Expeditions Holdings reported a significant revenue decline of 98% in Q1 2021, totaling $1.78 million, mainly due to COVID-19. The net loss was $34.5 million or $0.66 per share, worsened by increased interest expenses. However, advance bookings for 2022 are 39% higher than in 2021, indicating strong demand for adventure travel. Lindblad plans to resume operations in Alaska and the Galapagos in June 2021, backed by a robust liquidity strategy and the recent acquisitions of DuVine and Off the Beaten Path, expanding its adventure travel offerings.

Lindblad Expeditions Holdings (NASDAQ: LIND) will announce its first quarter financial results for 2021 on April 29, 2021, before market opening. A conference call is scheduled for 8:30 AM ET, accessible at 833-366-1371 (US) or 639-380-0047 (International), with Conference ID 7246409. The earnings release and a live audio webcast will be available on the investor relations section of their website. A replay of the call will be posted within 48 hours, with phone access through 800-585-8367 (US) or 416-621-4642 (International).

Lindblad Expeditions has announced the resumption of its operations for the 2021 season in Alaska and Galápagos, starting in June. Guests aged 16 and over must be vaccinated to travel. Health protocols include two negative COVID-19 tests and daily temperature checks. The first departures are scheduled for June 4-6. Lindblad aims to provide unique expedition experiences in these remote areas, focusing on wildlife exploration. For more details, visit their website or contact the company directly.

Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) has appointed Dolf Berle as its new President and CEO, effective May 10, 2021. He succeeds Sven-Olof Lindblad, who will transition to Co-Chair of the Board. Berle, previously CEO of Topgolf, brings strong growth and innovation experience. The Board aims to leverage his leadership to enhance guest experiences and expand operations. Lindblad Expeditions plans to resume operations in Alaska and the Galapagos in June 2021. Sarah Farrell, an independent board member, is stepping down, leaving a 10-member board.

Lindblad Expeditions Holdings reported a net loss of $100.4 million for 2020, reflecting a 76% decline in tour revenues due to COVID-19. The company ended the year with $187.5 million in unrestricted cash and significant cost reductions in place, limiting monthly cash usage to $10-15 million. Lindblad announced the acquisitions of DuVine Cycling + Adventure and Off the Beaten Path to expand its adventure travel offerings, with total purchase costs around $10.5 million. Bookings for 2022 are currently 37% ahead of 2021, indicating a recovery in demand for expedition travel.

Lindblad Expeditions Holdings has acquired majority stakes in DuVine Cycling + Adventure Co. and Off the Beaten Path, enhancing its portfolio in adventure travel. DuVine specializes in luxury cycling tours globally, while Off the Beaten Path focuses on active journeys in U.S. National Parks. These acquisitions aim to capitalize on the growing demand for immersive travel experiences, especially cycling tourism, which surged during the pandemic. Lindblad plans to leverage its resources to accelerate growth in these segments, expanding its reach in high-quality experiential travel.

Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) will report its 2020 fourth quarter and full year financial results on March 9, 2021, before market opening. The conference call to discuss these results has been rescheduled for 8:30 am ET. Investors can access the call by dialing the provided numbers. A replay and transcript will be available within 48 hours. Lindblad Expeditions specializes in expedition cruises and adventure travel, partnering with National Geographic to promote sustainable tourism and conservation.

Lindblad Expeditions Holdings (NASDAQ: LIND) will announce its 2020 fourth quarter and full year financial results on March 9, 2021, after the market closes. A conference call to discuss these results is scheduled for 4:30 PM ET. Investors can access the call by dialing the provided numbers. The earnings release and a live audio webcast will be available on the Company's investor relations website. A replay of the call will also be accessible shortly after its completion.

Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) has appointed David Goodman as its new Chief Commercial and Marketing Officer, effective November 9, 2020. Goodman brings over 30 years of experience in global multimedia organizations, previously serving at Sotheby's where he oversaw major digital initiatives and revenue growth. His role at Lindblad will focus on revenue production, marketing, digital development, and strategic partnerships. The company aims to reactivate its growth plan in 2021 amid the pandemic, leveraging Goodman’s expertise to enhance its marketing strategies.