Lindblad Expeditions Holdings (LIND) Misses Q1 EPS by 17c, Revenues Miss
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Lindblad Expeditions Holdings, Inc. Reports 2020 First Quarter Financial Results
May 1, 2020 7:30 AM EDTNEW YORK, May 1, 2020 /PRNewswire/ --
First Quarter 2020 Highlights:
Tour Revenues decreased 9% to $81.2 million Net loss available to common stockholders of $1.9 million Adjusted EBITDA decreased $11.5 million to $10.6 million Significantly expanded capacity with the delivery of the National Geographic Endurance in March 2020 Net 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 COVID-19 virus Ended first quarter with $137 million in cash; implementing significant cost reduction measures to further... More