Lindblad Expeditions Holdings (LIND) Misses Q4 EPS by 1c
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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
March 9, 2021 7:30 AM ESTNEW YORK, March 9, 2021 /PRNewswire/ --
Financial Highlights:
Ended the year with $187.5 million in unrestricted cash and $17.0 million in restricted cash Raised $85 million in December through borrowings under the Main Street Expanded Loan Facility program Raised $85 million in September through private placement issuance of convertible preferred equity Implemented significant cost reduction measures reducing monthly cash usage to approximately $10-15 million Bookings for 2022 currently 37% ahead of bookings for 2021 at the same point a year ago Amended credit facilities waiving leverage covenants through second quarter of 2021Strategic... More
