Why Lindblad Expeditions (LIND) Shares Are Falling Today - Lindblad Expeditions (NASDAQ:LIND)

Lindblad Expeditions Holdings Inc 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.

Lindblad Expeditions Shares Drop Post Mixed Q2 Results