FX.co ★ Mondee Holdings, Inc. Q1 Loss Rises

Mondee Holdings, Inc. (MOND) has reported an increased loss for its first quarter when compared to last year. The company's net loss has escalated to -$19.46 million, or -$0.30 per share which is in stark contrast to the -$12.92 million, or -$0.15 per share in the first quarter of the previous year.

When one-time items were excluded, Mondee Holdings, Inc. showed adjusted losses of -$0.15 per share for the term.

However, the company has shown resilience as the revenue for the quarter saw an enhancement of 16.2%, escalating to $58.02 million from the $49.93 million it recorded in the last year.

To sum it up, Mondee Holdings, Inc. has reported the following earnings in line with the Generally Accepted Accounting Principles (GAAP): a net loss (Q1) of -$19.46 million vs -$12.92 million last year; Earnings Per Share (EPS) (Q1) of -$0.30 compared to -$0.15 of the previous year; and an increased revenue (Q1) of $58.02 million compared to $49.93 million last year.