Mondee Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 12:16 pm
Share
Mondee Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 54.53 million compared to USD 40.51 million a year ago. Net loss was USD 20.1 million compared to USD 64.61 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.89 a year ago.
For the nine months, sales was USD 161.23 million compared to USD 125.24 million a year ago. Net loss was USD 47.62 million compared to USD 73.71 million a year ago. Basic loss per share from continuing operations was USD 0.72 compared to USD 1.14 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.