Lindblad Expeditions Holdings, Inc. Reports 2020 Fourth Quarter and Full Year Financial Results and Announces Acquisitions of DuVine Cycling + Adventure Co. and Off the Beaten Path LLC

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Go back to Lindblad Expeditions Holdings, Inc. Reports 2020 Fourth Quarter and Full Year Financial Results and Announces Acquisitions of DuVine Cycling + Adventure Co. and Off the Beaten Path LLC

Lindblad Expeditions Holdings (LIND) Misses Q4 EPS by 1c

March 9, 2021 4:49 PM EST

Lindblad Expeditions Holdings (NASDAQ: LIND) reported Q4 EPS of ($0.59), $0.01 worse than the analyst estimate of ($0.58). Revenue for the quarter came in at $367 thousand versus the consensus estimate of $1 million.

FOURTH QUARTER RESULTS

Tour Revenues

Fourth quarter tour revenues decreased $75.4 million, or 100%, as compared to the same period in 2019. The decline was driven by a $54.8 million decrease at the Lindblad segment and a $20.7 million decrease at Natural Habitat as a result of rescheduling nearly all expeditions due to COVID-19.

Net Income

Net loss available to stockholders for the fourth quarter was $31.0 million, $0.59... More