Press release
Lindblad Expeditions Holdings, Inc. Reports 2022 Fourth Quarter Financial Results and Full Year Financial Results
Full Year 2022 Highlights: Total revenue increased $274.4 million versus 2021 and $78.4 million compared with full year of 2019Net loss available to
About this update from Lindblad Expeditions Holdings Inc.
[{"type":"text","content":"Full Year 2022 Highlights:\nTotal revenue increased $274.4 million versus 2021 and $78.4 million compared with full year of 2019Net loss available to stockholders improved $8.6 million versus 2021Adjusted EBITDA improved $52.5 million versus 2021Lindblad segment Net Yield per Available Guest Night increased 11% to $978Strong reservations for future travel with bookings for 2023 47% ahead of bookings for 2019 at the same point in 2019Further increased financial flexibility with refinancing of existing term loan and revolving credit facilities through issuance of new senior secured notesLaunched the 48 passenger National Geographic Islander II, replacing the National Geographic Islander in the GalapagosSolidified operating rights in the Galapagos Islands with extension of existing cupos for an additional 20-year periodNEW YORK, Feb. 28, 2023 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the \"Company\" or \"Lindblad\"), a global provider of expedition cruises and adventure travel experiences, today reported financial results for the fourth quarter and full year ended December 31, 2022.\n\n \n \n \n \n \n \n\n \nDolf Berle, Chief Executive Officer, said \"Throughout 2022, Lindblad generated strong revenue growth as we successfully ramped our operations, returning to geographies we have been exploring for decades. We also expanded our product offerings, with broader utilization of our two new polar ships and further integration of our three acquired land-based travel companies. More travelers than ever before are looking for authentic and immersive experiences in unique destinations and with a proven track record of delivering high-quality expeditions in the world's most remarkable geographies, Lindblad is distinctly positioned to capitalize on this growing demand. In 2023, we expect to further harness the expanded earnings power of the Company and deliver strong growth from pre-pandemic levels, while continuing to build long-term shareholder value.\"\nFULL YEAR RESULTS\nTour Revenues\nFull year tour revenues of $421.5 million increased $274.4 million as compared to the same period in 2021. The increase was driven by a $195.6 million increase at the Lindblad segment and a $78.8 million increase at the Land Experiences segment, primarily due to the ramp in expeditions and trips and higher pricing. The Land Experi...