2023-03-05 09:45:00 ET
Lindblad Expeditions (NASDAQ: LIND) posted fourth-quarter and year-end 2022 earnings late last month, showing substantial revenue improvement from a growing adventure-travel market. And current bookings for 2023 are outpacing the same time in 2019 by 47%.The expedition cruise and travel company expects 2023 to deliver strong growth from pre-pandemic levels, according to CEO Dolf Berle.
Let's look at Lindblad's fourth-quarter and full-year 2022 results and why I'm bullish on this cruise stock .
Fourth-quarter revenue landed at $118 million, up 80% from the same period in 2021 and up 56% from the same period in 2019. During the fourth-quarter earnings call, Chief Financial Officer Craig Felenstein cited Lindblad's expanded fleet and improved land-based offerings as major revenue drivers.
For further details see:
Why Lindblad Expeditions Stock Could Go Places in 2023