- Lindblad Expeditions Holdings Inc (NASDAQ:LIND) reported second-quarter FY22 sales of $90.90 million versus $15.3 million last year, beating the analyst consensus of $81.27 million.
- The increase was driven by a $57.3 million increase in the Lindblad segment and an $18.3 million increase in the Land Experiences segment, primarily due to the ramp in expeditions and trips compared with the second quarter a year ago.
- Operating expenses increased 130% Y/Y to $110.2 million. The operating loss narrowed Y/Y to $(19.3) million.
- Adjusted EBITDA loss was $(6.2) million, comprising Lindblad segment Adjusted EBITDA loss of $(7.5) million.
- Loss per share of $(0.59) missed the analyst consensus for a loss of $(0.56).
- The company held $175.7 million in cash and equivalents as of June 30, 2022. Net cash provided by operating activities for the six months amounted to $18.6 million versus $21.8 million a year ago.
- Lindblad Expeditions did not provide a full-year outlook at this time, citing continued uncertainty around the COVID-19 pandemic.
- Price Action: LIND shares are trading lower by 16.71% at $6.58 in premarket on the last check Monday.
Box Inc. Reports Strong Q1 Results, Q2 Guidance
Box reports quarterly earnings of 39 cents per share which beat the analyst consensus estimate of 36 cents by 8.33%.
