Lindblad Expeditions Holdings, Inc. Reports 2020 First Quarter Financial Results
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Lindblad Expeditions Holdings (LIND) Misses Q1 EPS by 17c, Revenues Miss
May 1, 2020 7:35 AM EDTLindblad Expeditions Holdings (NASDAQ: LIND) reported Q1 EPS of ($0.04), $0.17 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $81.2 million versus the consensus estimate of $88.33 million.
First Quarter 2020 Highlights:
Tour Revenues decreased 9% to $81.2 millionNet loss available to common stockholders of $1.9 millionAdjusted EBITDA decreased $11.5 million to $10.6 millionSignificantly expanded capacity with the delivery of the National Geographic Endurance in March 2020Net Yield increased 3% to $1,130 per night and Occupancy was 89%First quarter results were significantly impacted by voyage disruptions, cancellations and rescheduling of expeditions due to the... More