- Lindblad Expeditions ( NASDAQ: LIND ) Q2 shows a massive revenue jump of 495% from last year, beating consensus by $9.7M .
- The increase was driven by a $57.3M increase at the Lindblad segment and a $18.3M increase at the Land Experiences segment, primarily due to the ramp in expeditions and trips compared with the second quarter a year ago.
- Strong reservations for future travel with bookings for 2023 26% ahead of bookings for 2020 at the same point in 2019
- Further increased financial flexibility through extension of leverage covenant waivers on export credit agreements through the end of 2022.
- As of June 30, 2022, the company had $126.9M in unrestricted cash and $48.8M in restricted cash.
- Adjusted EBITDA loss of $6.2M improved $16.8M vs. prior. The increase was driven by a $14.4M improvement at the Lindblad segment and a $2.4M increase at the Land Experiences segment.
- Net loss was $30M.
- GAAP EPS of -$0.59 misses consensus by $0.07 .
- SA shows that the stock is at a high risk of performing badly due to negative EPS revisions and inferior profitability when compared to other consumer discretionary stocks.
- However, the stock has a sell-side rating of Buy with 4.20 score.
- Previously (Aug. 1): Lindblad Expeditions GAAP EPS of -$0.59 misses by $0.07, revenue of $90.9M beats by $9.7M
For further details see:
Lindblad Expeditions dips 9% after Q2 misses bottom line consensus