LINDBLAD EXPEDITIONS HOLDINGS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $242.3m $266.5m $309.7m $343.1m ($16.7m) $147.1m $421.5m $569.5m $644.7m $771.0m
Revenue from Contract with Customer, Including Assessed Tax $242.3m $266.5m $309.7m $343.1m ($16.7m) $147.1m $421.5m $569.5m $644.7m $771.0m
Cost of Goods and Services Sold $119.0m $135.5m $153.7m $166.6m $72.9m $124.5m $283.2m $322.4m $343.7m $418.0m
Gross Profit (derived) $123.4m $131.0m $156.0m $176.5m ($89.6m) $22.6m $138.3m $247.2m $301.1m $353.0m
Operating Expenses $109.4m $120.2m $130.7m
Operating Income (Loss) $14.0m $10.7m $25.3m $33.2m ($88.4m) ($110.8m) ($63.0m) $10.6m $21.6m $45.5m
Additional Financial Items
Amortization of Intangible Assets $1.3m $1.6m $1.6m $1.6m $1.6m $1.9m $2.0m $1.8m $2.1m $2.6m
Foreign Currency Transaction Gain (Loss), before Tax ($720k) $1.1m ($2.2m) $94k ($4.8m) ($1.3m) ($1.2m) $751k ($1.1m) $1.1m
Goodwill, Impairment Loss $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($8.7m) ($10.4m) ($13.0m) $455k ($46.5m) ($24.9m) ($21.4m) ($11.6m) $7.1m ($10.2m)
Preferred Stock Dividends, Income Statement Impact $1.7m $5.3m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $1.9m $2.5m $12.2m $20.9m ($109.9m) ($121.2m) ($102.1m) ($37.7m) ($25.1m) ($21.8m)
Net Income (Loss) Attributable to Parent $4.9m ($8.7m) $11.4m $16.4m ($98.7m) ($119.2m) ($111.4m) ($45.6m) ($31.2m) ($29.7m)
Net Income (Loss) Available to Common Stockholders, Basic ($8.7m) $11.4m $13.7m ($100.4m) ($124.7m) ($116.1m) ($50.0m) ($35.8m) ($34.6m)
Net Income (Loss) Attributable to Noncontrolling Interest $195k $1.1m $200k $2.4m ($1.4m) $38k $3.2m $4.7m $3.0m $5.5m
Earnings Per Share, Basic $0.11 ($0.19) $0.25 $0.29 ($2.01) ($2.41) ($2.23) ($0.94) ($0.67) ($0.63)
Earnings Per Share, Diluted $0.10 ($0.19) $0.24 $0.28 ($2.01) ($2.41) ($2.23) ($0.94) ($0.67) ($0.63)
Weighted Average Number of Shares Outstanding, Basic 44.6m 45.4m 47.4m 49.7m 50.1m 52.0m 53.3m 53.8m 55.0m
Weighted Average Number of Shares Outstanding, Diluted 44.6m 46.3m 49.4m 49.7m 50.1m 52.0m 53.3m 53.8m 55.0m
General and Administrative Expense $51.9m $60.5m $62.9m $62.7m $45.5m $65.4m $96.3m $118.4m $139.9m $130.0m
Other Nonoperating Income (Expense) ($1.2m) ($133k) ($165k) ($66k) ($83k) $15.5m ($307k) ($4.1m) $159k $409k
Business Combination, Acquisition Related Costs $200k
Current Income Tax Expense (Benefit) $215k $1.6m $755k $704k $8k $38k $636k $427k $1.4m $3.7m
Marketing and Advertising Expense $5.5m $6.3m
Operating Lease, Expense $1.7m $1.8m $2.0m $2.3m $2.7m $2.6m $3.1m
Selling and Marketing Expense $39.1m $42.4m $47.0m $54.8m $20.2m $28.5m $61.0m $71.4m $87.0m $114.7m
Income Tax Expense (Benefit) ($3.2m) $10.0m $616k $2.2m ($9.8m) ($2.0m) $6.1m $3.1m $3.1m $2.5m
Interest Income (Expense), Net ($10.1m) ($9.7m) ($10.8m) ($12.3m) ($16.7m) ($24.6m) ($37.5m) ($45.0m) ($45.7m) ($45.2m)