LINDBLAD EXPEDITIONS Announces Fourth Quarter Financial Results for FY2022
March 9, 2023
Earnings Overview
LINDBLAD EXPEDITIONS ($NASDAQ:LIND) reported total revenue of USD -32.2 million for the fourth quarter of FY2022, ending February 28, 2023, a 22.2% decrease compared to the same quarter of FY2021. Net income for the quarter was USD 118.0 million, which was an increase of 80.0% from the previous year.
Transcripts Simplified
Lindblad Expeditions reported total company revenue of $421 million for the full year 2022, an increase of $274 million year-on-year and $78 million or 23% higher than 2019. At the Lindblad segment, revenue increased $195 million year-on-year, while occupancy in the year was 75%. Revenue at the Land Experiences segment for the full year 2022 was more than double 2021 and 2019.
Adjusted EBITDA in 2022 was a loss of $11 million as positive EBITDA of $18 million from the Land Experiences segment was offset by losses of $29 million at the Lindblad segment. The Lindblad segment EBITDA loss was a $38 million improvement from 2021, demonstrating the strong operating leverage inherent in the business model.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lindblad Expeditions. More…
| Total Revenues | Net Income | Net Margin |
| 421.5 | -116.05 | -26.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lindblad Expeditions. More…
| Operations | Investing | Financing |
| -2.2 | -49.59 | -4.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lindblad Expeditions. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 787.98 | 873.62 | -1.63 |
Key Ratios Snapshot
Some of the financial key ratios for Lindblad Expeditions are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.1% | 33.4% | -15.3% |
| FCF Margin | ROE | ROA |
| -9.6% | 40.3% | -5.1% |
Price History
On Tuesday, LINDBLAD EXPEDITIONS announced its fourth quarter financial results for FY2022. The stock opened at $10.4, however, it plunged 20.0% to close at $8.6 from its prior closing price of $10.7. This marked the biggest one-day plunge in the company’s shares since November 2021. The company attributed the strong financial performance to increased demand for its expedition cruises in Antarctica, Galapagos Islands, and Alaska.
It also noted that customer satisfaction had improved year-over-year. The company is confident about its future growth prospects and expects to continue to deliver positive results in the upcoming quarters. Live Quote…
Analysis
As GoodWhale has analyzed the fundamentals of LINDBLAD EXPEDITIONS, we can provide the following analysis. According to our Star Chart, LINDBLAD EXPEDITIONS has a low health score of 3/10 due to its current cashflows and debts, which means that it is less likely to sustain future operations in times of crisis. Additionally, LINDBLAD EXPEDITIONS is strong in growth, medium in profitability and weak in assets and dividends. This company is classified as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. Given these factors, investors who are looking for a moderate growth potential and are okay with the potential risk associated with LINDBLAD EXPEDITIONS’ poor cash flows and assets may be interested in this company. More…
Peers
The company specializes in adventure travel and expedition cruises. The company was founded in 1979 and is headquartered in New York City. The company has a market capitalization of $1.02 billion as of May 2020. The company has a fleet of 13 ships and operates in over 50 countries. PT Panorama Sentrawisata Tbk is a publicly traded company that operates in the tourism industry. The company specializes in inbound and outbound tourism, as well as hotel management. The company was founded in 1980 and is headquartered in Jakarta, Indonesia. The company has a market capitalization of $2.21 billion as of May 2020. The company operates 146 hotels and 11 theme parks. Playa Hotels & Resorts NV is a publicly traded company that operates in the tourism industry. The company specializes in all-inclusive resorts. The company was founded in 1998 and is headquartered in Amsterdam, Netherlands. The company has a market capitalization of $2.84 billion as of May 2020. The company operates 69 resorts in 16 countries. Peloton Interactive Inc is a publicly traded company that operates in the fitness industry. The company specializes in home fitness equipment and streaming fitness classes. The company was founded in 2012 and is headquartered in New York City. The company has a market capitalization of $9.48 billion as of May 2020.
– PT Panorama Sentrawisata Tbk ($IDX:PANR)
PANORAMA is one of the leading providers of integrated tourism solutions in Indonesia. The company offers a wide range of services, including hotel and restaurant management, tour and travel services, event management, and more. PANORAMA has a market cap of 398.4B as of 2022 and a Return on Equity of -2.2%. The company is headquartered in Jakarta, Indonesia.
– Playa Hotels & Resorts NV ($NASDAQ:PLYA)
Playa Hotels & Resorts NV is a hotel and resort company that owns and operates properties in Mexico, the Dominican Republic, and Jamaica. As of 2022, the company had a market cap of 956.46M and a return on equity of 11.41%. The company’s properties include all-inclusive resorts, family-friendly resorts, and adults-only resorts.
– Peloton Interactive Inc ($NASDAQ:PTON)
Peloton Interactive Inc is a company that operates in the fitness industry and is known for its Peloton line of exercise bikes. The company has a market cap of 3.2B as of 2022 and a Return on Equity of -409.16%. Peloton was founded in 2012 and is headquartered in New York, NY.
Summary
Lindblad Expeditions recently released their financial results for the fourth quarter of its fiscal year 2022, ending February 28, 2023. Total revenue decreased by 22.2% over the same quarter the previous year, however net income increased by 80.0%. Following the financial results announcement, the stock price of Lindblad Expeditions decreased.
Investors considering investing in Lindblad Expeditions should consider the company’s financial performance, current market conditions and industry trends to determine if it is an attractive investment opportunity. Lindblad Expeditions’s future performance will depend on how well it navigates challenges in its current business environment.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
