Mondee Q1 revenue $58M (+16% YoY); raises 2024 guidance, Adj EBITDA $5.1M

Mondee Holdings, Inc.

2024-Q1 EPS reported -$0.30 revenue$58,021,000

Net revenues $58.0M (+16% YoY); Adjusted EBITDA $5.1M (+27% YoY).
Net loss $19.5M (EPS -$0.30) includes $20.7M non-cash items; adjusted EPS -$0.15.
Raises 2024 net revenue guidance to $250-260M (midpoint +14% YoY); Adj EBITDA guidance $30-35M (+67%).
Operating cash flow $18.7M positive vs -$10M in Q1 2023; cash reserves ~$50M, up >30% from Q4.
Term loan maturity extended to June 2025; Mondee Brazil launched flights-only solutions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Mondee Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $58.0 million, net income Net Loss of $19.5 million, EPS $(0.30). Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $58.0 million
Net income: Net Loss of $19.5 million
EPS: $(0.30)
Guidance: raised
Result: reported results

Exact text from the filing

Financial Highlights • Gross bookings of $708.1 million for the quarter, an increase of 6% compared to $668.1 million in the first quarter of 2023 (“Q1 23”). • Net revenues of $58.0 million for the quarter, an increase of 16% compared to $49.9 million in Q1 23. • Net Loss of $19.5 million for the quarter, which included $20.7 million of non-cash and/or non-recurring

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Source: SEC EDGAR

accession 0001828852-24-000072

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