Refile: BUZZ-Lindblad Expeditions shares ofF course after quarterly report

Lindblad Expeditions Holdings

01/08/2022 15:22

(Refiles to fix typo in headline, changes to 'off' from 'of')
** Lindblad Expeditions Holdings  LIND.O  shares down 10.2%
after quarterly report, declines to provide full-year guidance
due to uncertainty, suspends of share repurchases
    ** The operator of cruises to remote locations like the
Artic and Galapagos Islands reported net loss of $30 mln or
$0.59/shr vs loss of $36.6 mln or $0.71/shr year-ago qtr while
rev rose to $90.9 mln from $75.6 ml year-ago  urn:newsml:reuters.com:*:nPn33FYvya
    ** LIND says ramp up in operations narrowed loss which was
partly offset by a $3.7 mln increase in interest expense
    ** Buyback suspension due to lending facility restrictions
    ** Anticipates significant increase in guest payments, but
monthly cash usage to increase with expedition costs and warns
no assurance cash flows from operations will be available to
fund future obligations or won't see delays/cancellations 
    ** Says has "substantial advance reservations" but continued
short-term COVID-19 impact including elevated cancellations,
softness in near-term demand, itinerary changes due
Russia-Ukraine war. Says 2023 bookings 26% ahead of bookings for
2020 at the same point in 2019
    ** Stock last traded at $7.10 vs PT of $21.50 according to
Refinitiv which shows five analysts covering the company with 2
'strong buy,' 1 'buy,' and 2 'hold' ratings

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com;))