Announcement • Apr 10
Mondee Holdings, Inc. Announces Board Changes On April 3, 2025 Mondee Holdings, Inc. announced Mr. Prasad Gundumogula resigned from the Board of Directors as a Class III director of the Board and from all other positions he holds with the Company and each of its subsidiaries, effective upon the closing of the Sale Transaction. Mr. Jesus Portillo resigned from the Board of the Company as a Class II director of the Board and from all other positions he holds with the Company and each of its subsidiaries, effective upon the closing of the Sale Transaction. On April 3, 2025, Mr. Orestes Fintiklis resigned from the Board of the Company as a Class III director of the Board and from all other positions he holds with the Company and each of its subsidiaries, effective upon the closing of the Sale Transaction. On April 3, 2025, Mr. Jeffrey Clarke resigned from the Board of the Company as a Class I director of the Board, effective upon the closing of the Sale Transaction. Ms. Mona Aboelnaga Kanaan resigned from the Board of the Company as a Class II director of the Board, effective upon the closing of the Sale Transaction.Mr. Asi Ginio resigned from the Board of the Company as a Class I director of the Board, effective upon the closing of the Sale Transaction. Mr. Pradeep Udhas resigned from the Board of the Company as a Class II director of the Board, effective upon the closing of the Sale Transaction. Ms. Noor Sweid resigned from the Board of the Company as a Class I director of the Board, effective upon the closing of the Sale Transaction. Mr. Timothy Pohl resigned from the Board of the Company as a Class II director of the Board, effective upon the closing of the Sale Transaction. Mr. Neal Goldman resigned from the Board of the Company as a Class III director of the Board, effective upon the closing of the Sale Transaction. Announcement • Jan 16
Mondee Holdings, Inc. Filed for Bankruptcy Mondee Holdings, Inc., along with its 18 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on January 14, 2025. The debtor listed both its assets and liabilities in the range of $100 million to $500 million. The debtor is represented by Shella Borovinskaya and Edmon L. Morton of Young Conaway Stargatt & Taylor, LLP as its legal counsels. Announcement • Dec 06
Mondee Holdings, Inc.(OTCPK:MOND) dropped from NASDAQ Composite Index Mondee Holdings, Inc. has been dropped from the NASDAQ Composite Index. Announcement • Dec 03
Mondee Announces Receipt of Nasdaq Delist Determination Notice Mondee Holdings, Inc. announced that the Company received a letter from the Listing Qualifications Department (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) issuing a Staff determination (the ‘Staff Determination’) on November 27, 2024 after the Company informed the Staff that it would not contest a delisting of its Common Stock. The Staff Determination noted that based on Staff’s review and the Form 8-K filed on November 26, 2024 (the ‘Form 8-K’), they have determined to delist the Company’s securities from The Nasdaq Stock Market. The Form 8-K stated that, ‘On November 25, 2024, the Company’s Board of Directors (the ‘Board’) determined that the Company does not plan to submit a plan to regain compliance with NASDAQ rules and does not plan to appeal NASDAQ’s subsequent delisting of its Common Stock from NASDAQ.’ The Company’s referenced Form 8-K was in response to Nasdaq’s original notice that the Company did not comply with Nasdaq’s filing requirements for continued inclusion set forth in Listing Rule 5250(c)(1) because it had not yet filed its Form 10-Q for the period ended September 30, 2024. Accordingly, the Company’s securities will be delisted from The Nasdaq Stock Market. Trading of the Company’s common stock will be suspended at the opening of business on December 6, 2024 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency. The delisting does not impact the Company’s business operations. The Company continues to support its customers, partners, and suppliers. Announcement • Nov 13
Mondee Holdings, Inc. announced delayed 10-Q filing On 11/12/2024, Mondee Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 26
Mondee Holdings, Inc. to Report Q3, 2024 Results on Nov 08, 2024 Mondee Holdings, Inc. announced that they will report Q3, 2024 results on Nov 08, 2024 Announcement • Aug 14
Mondee Holdings, Inc. Revises Revenue Guidance for the Year 2024 Mondee Holdings, Inc. revised revenue guidance for the year 2024, For the period, the company expects Net revenues of approximately $240 million to $250 million, representing an increase of 10% versus 2023 net revenues, measured at the midpoint. Announcement • Aug 13
Mondee Holdings, Inc. announced delayed 10-Q filing On 08/12/2024, Mondee Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 26
Mondee Holdings, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Mondee Holdings, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Announcement • May 11
Mondee Holdings, Inc. Provides Earnings Guidance for the Year 2024 Mondee Holdings, Inc. provided earnings guidance for the year 2024. For the period, the company expects Net revenues of approximately $250 million to $260 million, representing an increase of 14% versus 2023 net revenues, measured at the midpoint. Announcement • Mar 16
Mondee Holdings, Inc. announced delayed annual 10-K filing On 03/15/2024, Mondee Holdings, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Mar 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$0.78 loss per share (improved from US$1.34 loss in FY 2022). Revenue: US$222.3m (up 39% from FY 2022). Net loss: US$60.1m (loss narrowed 33% from FY 2022). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US. Announcement • Mar 14
Mondee Holdings, Inc. Provides Earnings Guidance for the Fiscal Year 2024 Mondee Holdings, Inc. provided earnings guidance for the fiscal year 2024. For the year, the company expects net revenues of approximately $250 million to $255 million, representing an increase of 14% versus 2023 net revenues, measured at the midpoint. Announcement • Mar 01
Mondee Holdings, Inc. to Report Q4, 2023 Results on Mar 14, 2024 Mondee Holdings, Inc. announced that they will report Q4, 2023 results on Mar 14, 2024 Announcement • Nov 17
Mondee Holdings, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Mondee Holdings, Inc. provided earnings guidance for the fiscal year 2023. For the year, the company expects net revenue of approximately $210 million, representing an increase of 32% versus 2022 reported net revenue, measured at the midpoint and an increase of 66% versus a 2022 proforma without LBF. Breakeven Date Change • Nov 16
Forecast to breakeven in 2024 The 4 analysts covering Mondee Holdings expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 22% to 2023. The company is expected to make a profit of US$5.93m in 2024. Average annual earnings growth of 46% is required to achieve expected profit on schedule. Reported Earnings • Nov 16
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.29 loss per share (improved from US$0.89 loss in 3Q 2022). Revenue: US$54.5m (up 38% from 3Q 2022). Net loss: US$23.0m (loss narrowed 65% from 3Q 2022). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 172%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US. Announcement • Nov 01
Mondee Holdings, Inc. to Report Q3, 2023 Results on Nov 14, 2023 Mondee Holdings, Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Price Target Changed • Oct 25
Price target decreased by 15% to US$10.00 Down from US$11.80, the current price target is an average from 4 analysts. New target price is 128% above last closing price of US$4.38. Stock is down 46% over the past year. The company is forecast to post a net loss per share of US$0.51 next year compared to a net loss per share of US$1.34 last year. Announcement • Sep 22
Mondee Holdings, Inc. (NasdaqGM:MOND) announces an Equity Buyback for $30 million worth of its shares. Mondee Holdings, Inc. (NasdaqGM:MOND) announces a share repurchase program. Under the program, the company will repurchase up to $30 million worth of shares of common stock. The program intends to enhance shareholder value. The program has no expiration date. Announcement • Sep 20
Mondee Holdings, Inc. Appoints Jeff Clarke to Board of Directors Mondee Holdings, Inc. announced the appointment of Jeff Clarke to its Board of Directors. The independent appointment is effective September 14, 2023, following unanimous election by the Company’s Board of Directors. Mr. Clarke brings a wealth of experience in the technology sector, including a deep-rooted history in the travel industry, which is set to greatly benefit the Mondee team. He is also a seasoned board member, having served on the boards of major corporations such as Orbitz Worldwide, Red Hat, Autodesk, FTD Group, Eastman Kodak, Ellipsis Health, Columbia Care, Generate Life Sciences, Docker, Inc., Compuware and Travelport. Clarke, a pioneer in e-commerce, has close to 20 years of experience in global distribution in the travel industry, including as CEO and Chairman of Travelport and Chairman of Orbitz. During his decade long tenure, Clarke led Travelport through a transformation that shaped the company into becoming a leader in the Global Distribution Systems industry. As Chairman of Orbitz Worldwide, he contributed to the company’s prominence as a leading online travel agency, enabling its successful merger into Expedia. His wealth of experience in both B2B and B2C travel distribution, gives him a unique perspective on the current challenges and opportunities shaping the travel industry. Currently, Clarke is serving as Interim CEO at Doxim. In his career spanning over four decades, Clarke has held numerous C-suite roles within the technology, travel, and services industries, including leading industry players such as Hewlett-Packard, CA Technologies, FTD, Eastman Kodak and Compaq Computer. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 111%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$242.5m to US$245.0m. Forecast EPS reduced from -US$0.243 to -US$0.513 per share. Hospitality industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$13.60 to US$11.80. Share price fell 5.1% to US$6.52 over the past week. Recent Insider Transactions • Aug 20
Founder recently bought US$223k worth of stock On the 17th of August, Prasad Gundumogula bought around 37k shares on-market at roughly US$6.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Prasad has been a buyer over the last 12 months, purchasing a net total of US$3.1m worth in shares. Price Target Changed • Aug 17
Price target decreased by 13% to US$11.80 Down from US$13.60, the current price target is an average from 5 analysts. New target price is 97% above last closing price of US$5.98. Stock is down 46% over the past year. The company is forecast to post a net loss per share of US$0.51 next year compared to a net loss per share of US$1.34 last year. Reported Earnings • Aug 16
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: US$0.22 loss per share (further deteriorated from US$0.035 loss in 2Q 2022). Revenue: US$56.8m (up 24% from 2Q 2022). Net loss: US$17.3m (loss widened US$15.2m from 2Q 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 113%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US. Board Change • Aug 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Founder, Chairman & CEO Prasad Gundumogula is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 15
Mondee Holdings, Inc. (NasdaqGM:MOND) acquired Skypass Travel, Inc. for approximately $15 million. Mondee Holdings, Inc. (NasdaqGM:MOND) acquired Skypass Travel, Inc. for approximately $15 million on August 14, 2023. At closing, Mondee paid a consideration of approximately $15 million, comprised of cash and Mondee common stock priced at $10 per share. Additionally, the agreement allows for a potential future earn-out opportunity of shares of Mondee common stock, contingent upon the achievement of specified annual adjusted EBITDA growth targets. Skypass achieved a gross revenue of $45 million and adjusted EBITDA of $4 million, representing a margin on net revenue of approximately 60%, in 2022.
Mondee Holdings, Inc. (NasdaqGM:MOND) completed the acquisition of Skypass Travel, Inc. on August 14, 2023. Announcement • Aug 03
Mondee Holdings, Inc. to Report Q2, 2023 Results on Aug 15, 2023 Mondee Holdings, Inc. announced that they will report Q2, 2023 results on Aug 15, 2023 Announcement • Jun 08
Mondee Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $52.5 million. Mondee Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $52.5 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 5,250,000
Price\Range: $10
Discount Per Security: $0.55 Major Estimate Revision • May 17
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$236.8m to US$242.7m. Forecast EPS reduced from -US$0.19 to -US$0.22 per share. Hospitality industry in the US expected to see average net income growth of 23% next year. Consensus price target of US$13.60 unchanged from last update. Share price fell 2.4% to US$9.51 over the past week. Announcement • May 16
Mondee Holdings, Inc. Provides Earnings Guidance for the Year 2023 Mondee Holdings, Inc. provided earnings guidance for the year 2023. For the year, the company expects net revenue is projected to be in the range of $240 million to $245 million, representing year-over-year growth of 52%, measured at the midpoint. Buying Opportunity • May 02
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be US$12.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last year. Earnings per share has declined by 109%. Revenue is forecast to grow by 105% in 2 years. Earnings is forecast to grow by 99% in the next 2 years. Buying Opportunity • Apr 12
Now 21% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be US$13.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last year. Earnings per share has declined by 109%. Revenue is forecast to grow by 105% in 2 years. Earnings is forecast to grow by 99% in the next 2 years. Breakeven Date Change • Mar 07
Forecast breakeven date pushed back to 2025 The 5 analysts covering Mondee Holdings previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 90% per year to 2024. The company is expected to make a profit of US$20.5m in 2025. Average annual earnings growth of 121% is required to achieve expected profit on schedule. Buying Opportunity • Mar 07
Now 21% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be US$13.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 47% in a year. Earnings is forecast to grow by 81% in the next year. Reported Earnings • Mar 02
Full year 2022 earnings released Full year 2022 results: US$1.06 loss per share. Revenue: US$159.4m (up 71% from FY 2021). Net loss: US$87.2m (loss widened 124% from FY 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in the US. Announcement • Feb 15
Mondee Holdings, Inc. to Report Q4, 2022 Results on Feb 28, 2023 Mondee Holdings, Inc. announced that they will report Q4, 2022 results on Feb 28, 2023 Breakeven Date Change • Feb 07
Forecast breakeven date moved forward to 2023 The 5 analysts covering Mondee Holdings previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$1.07m in 2023. Average annual earnings growth of 113% is required to achieve expected profit on schedule. Board Change • Dec 31
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Noor Sweid is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Dec 10
Founder recently bought US$165k worth of stock On the 8th of December, Prasad Gundumogula bought around 21k shares on-market at roughly US$8.03 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$186k. Prasad has been a buyer over the last 12 months, purchasing a net total of US$4.2m worth in shares. Recent Insider Transactions • Nov 29
Founder recently bought US$186k worth of stock On the 28th of November, Prasad Gundumogula bought around 22k shares on-market at roughly US$8.47 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$884k. Prasad has been a buyer over the last 12 months, purchasing a net total of US$4.0m worth in shares. Recent Insider Transactions • Nov 18
Founder recently bought US$82k worth of stock On the 17th of November, Prasad Gundumogula bought around 9k shares on-market at roughly US$9.08 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$884k. Prasad has been a buyer over the last 12 months, purchasing a net total of US$2.8m worth in shares. Price Target Changed • Nov 16
Price target decreased to US$12.33 Down from US$13.67, the current price target is an average from 3 analysts. New target price is 31% above last closing price of US$9.41. Stock is down 4.0% over the past year. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The 3 analysts covering Mondee Holdings previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 77% per year to 2023. The company is expected to make a profit of US$20.4m in 2024. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Major Estimate Revision • Nov 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$155.1m to US$158.0m. Forecast EPS reduced from -US$0.08 to -US$0.94 per share. Hospitality industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$13.67 to US$13.33. Share price rose 12% to US$9.90 over the past week. Buying Opportunity • Nov 02
Now 22% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be US$12.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Sep 09
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: US$2.11m (flat on 2Q 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in the US. Buying Opportunity • Sep 06
Now 23% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be US$15.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 48% in a year. Earnings is forecast to grow by 93% in the next year. Recent Insider Transactions • Aug 23
Founder recently bought US$426k worth of stock On the 19th of August, Prasad Gundumogula bought around 38k shares on-market at roughly US$11.15 per share. In the last 3 months, they made an even bigger purchase worth US$1.0m. Prasad has been a buyer over the last 12 months, purchasing a net total of US$1.4m worth in shares. Announcement • Aug 16
Mondee Holdings, Inc. Provides Revenue Guidance for the Year 2022 Mondee Holdings, Inc. provided revenue guidance for the year 2022. For the year, the company expects Net Revenue to be in the range of $150 million to $160million, representing year-over-year growth of 66% at the midpoint. Announcement • Aug 09
Mondee Holdings, Inc. to Report Q2, 2022 Results on Aug 15, 2022 Mondee Holdings, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 15, 2022