Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET

Company Participants

Craig Felenstein - Chief Financial Officer

Sven-Olof Lindblad - Founder, Chief Executive Officer & Co-Chair

Conference Call Participants

Steven Wieczynski - Stifel

Alex Fuhrman - Craig-Hallum Capital

Operator

Ladies and gentlemen, welcome to the Lindblad Expeditions Holdings, Inc. report internally Second Quarter Financial Results. My name is Glenn, and I will be the operator for today's call. At the moment, all participants will be in a listen-only mode. After the speaker's remark, there will be a question-and-answer session. [Operator Instructions] I will now hand you over to your host, Craig Felenstein, Financial Officer at the begin, Craig?

Craig Felenstein

Thank you, Operator. Good morning, everyone, and thank you for joining us for Lindblad's 2023 Second Quarter Earnings Call. With me on the call today is Sven-Olof Lindblad, Lindblad's Founder and Chief Executive Officer. Sven will begin with some opening comments, and then I will follow with some details on our financial results, balance sheet and current 2023 expectations before we open the call for Q&A. You can find our latest earnings release in the Investor Relations section of our website. Before we get started, let me remind everyone that the company's comments today may include forward-looking statements. Those expectations are subject to risks and uncertainties that may cause actual results and performance to be materially different from these expectations. The company cannot guarantee the accuracy of any forecast or estimates, and we undertake no obligation to update any such forward-looking statements. If you would like more information on the risks involved in forward-looking statements, please see the company's SEC filings.

In addition, our comments may reference non-GAAP financial measures. A reconciliation of the most directly comparable GAAP financial measures and other associated disclosures are contained in the company's earnings release. And with that out of the way, let me turn the call over to Seth.

Sven-Olof Lindblad

Thank you, Craig, and good morning, everyone, and I appreciate you joining us. Hard to believe that it's been about two years since I participated in an earnings call, and I welcome the chance to discuss with you the performance of the company today and the opportunities we see moving forward. Before I do that, I would like to thank our recently departed CEO, Dolf Berle, for the dedication and commitment he brought to LIND expeditions these past couple of years. Together with the management team, the Board of Directors and our employees around the globe, we stewarded the company through the longest lasting downturn in our history, and help position the company for success moving forward. I appreciate Dolf the entire organization for their relentless hard work adapting virtually daily to the challenges posed by COVID by pushing to maximize our existing product portfolio and exploring opportunities to further broaden our platform, all while keeping our guests and guest experience from the center. I wish Dolf the best in his new role closer to home. And while we wish him well, I couldn't be more excited to return and help navigate this great enterprise into a new era. So what do I mean by a new era? First of all, putting the COVID pandemic definitively behind us. Yes, we still have the occasional case, but they no longer significantly impact the overall operations.