Mondee Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 10:02 pm
Share
Mondee Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 56.77 million compared to USD 45.66 million a year ago. Net loss was USD 14.61 million compared to USD 2.11 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.03 a year ago.
For the six months, sales was USD 106.7 million compared to USD 84.72 million a year ago. Net loss was USD 27.52 million compared to USD 9.1 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to USD 0.15 a year ago.
Mondee Holdings, Inc. is a travel technology company that features an artificial intelligence (AI)-enabled transaction platform that powers its marketplace for personalized travel experiences. Its segments include Travel Marketplace and software-as-a service (SaaS) platform. The Travel Marketplace segment includes selling airline tickets through its proprietary platform. The SaaS Platform segment offers corporate travel cost savings solutions through its own technology platform. It provides AI platforms, technologies, apps, operating systems and services that seamlessly facilitate travel transactions and the creation of personalized experiences to better serve travelers through travel experts and numerous other emerging channels. Its marketplace includes access to Abhi, a fully integrated AI travel planning assistant in the market. Its platform incorporates a suite of online Fintech solutions. It also offers packaged solutions and ancillary offerings that serve its global distribution.
MONDEE HOLDINGS, INC. 
