Mondee Holdings, Inc. (MOND)
Mondee Holdings, Inc. operates as a specialized firm providing innovative travel technology, services, and content within both the recreational and corporate travel markets. The company supplies a sophisticated technology platform, utilizing software-as-a-service (SaaS), mobile applications, and cloud-based solutions, to its global clientele. Through its robust ecosystem, Mondee connects approximately 50,000 independent travel consultants and gig economy workers with a vast array of travel options. This includes access to 500 airlines, nearly one million hotels and vacation rentals, comprehensive pre-packaged solutions, and various supplementary travel offerings. Established in 2011, Mondee is headquartered in Austin, Texas, and maintains 17 additional offices throughout the U.S. and Canada, along with operational presences in India, Thailand, and Ireland.
Sector: Transportation Services
Industry: Travel Services
Mondee Holdings, Inc.
OTC:MONDConsumer Cyclical · Travel Services
Mkt Cap$9K
Float31.03M
O/S87.42M
Inst Own-
SI0.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$223.32M
Net Income-$60.82M
Total Assets$392.39M
Free Cash Flow-$33.63M
Debt & Equity
Debt 53%
Equity 13%
Preferred 34%
Total Debt$165.61M
Total Equity$40.58M
Preferred Stock$105.8M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MOND's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$392.39M
Liabilities$351.81M
Accounts Receivable$129.86M
Accounts Payable$114.99M
Inventory$0
PP&E (Net)$20.54M
Goodwill$88.06M
Intangible Assets$102.03M
Income Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $223.32M | $159.48M | $93.19M | $65.8M |
| YoY Growth | 40.0% | 71.1% | 41.6% | - |
| Cost of Revenue | $43.07M | $99.16M | $40.34M | $20.66M |
| Gross Profit | $180.26M | $60.32M | $52.85M | $45.14M |
| Gross Margin | 80.7% | 37.8% | 56.7% | 68.6% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $176.9M | $211.16M | $100.71M | $85.58M |
| Other | $23.87M | -$67.43M | -$25.61M | -$4.59M |
| Total Operating Expenses | $200.76M | $143.73M | $75.11M | $81M |
| Operating Income (EBIT) | -$20.51M | -$66.3M | -$22.25M | -$35.86M |
| Operating Margin | -9.2% | -41.6% | -23.9% | -54.5% |
| Interest Expense | $35.37M | $26.65M | $23.68M | $19.72M |
| Interest Income | $1.05M | $637K | $505K | $0 |
| Other Income (Expense) | -$42.84M | -$23.81M | -$16.33M | -$19.92M |
| Income Before Tax (EBT) | -$63.35M | -$90.11M | -$38.58M | -$55.78M |
| Income Tax Expense | -$2.53M | $127K | $323K | -$14.04M |
| Net Income | -$60.82M | -$90.24M | -$38.91M | -$41.73M |
| Net Income Margin | -27.2% | -56.6% | -41.7% | -63.4% |
| Supplementary Data | ||||
| EPS | -0.94 | -1.34 | -0.64 | -0.52 |
| Diluted EPS | -0.94 | -1.34 | -0.64 | -0.52 |
| Weighted Average OS | 77.21M | 67.37M | 60.80M | 80.55M |
| EBITDA | -$11.91M | -$51.69M | -$2.04M | -$24.64M |
| EBITDA Margin | -5.3% | -32.4% | -2.2% | -37.5% |
Balance Sheet
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $27.99M | $78.84M | $15.51M | $31.43M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $27.99M | $78.84M | $15.51M | $31.43M |
| Accounts Receivable | $129.86M | $27.53M | $14.11M | $9.78M |
| Inventory | $0 | $8.64M | $8.48M | $0 |
| Other Current Assets | $7.99M | $0 | $0 | $9.49M |
| Total Current Assets | $173.1M | $119.68M | $40.69M | $53.3M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $20.54M | $12.72M | $8.87M | $9.16M |
| Goodwill | $88.06M | $66.42M | $66.42M | $66.42M |
| Intangible Assets | $102.03M | $57.37M | $63.71M | $71.59M |
| Long-Term Investments | $43K | $0 | $0 | $0 |
| Deferred Tax Assets | $752K | $237K | -$22.05M | $0 |
| Other Long-Term Assets | $7.87M | $1.67M | $45.7M | $22.89M |
| Total Long-Term Assets | $219.29M | $138.42M | $162.64M | $170.05M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $392.39M | $258.1M | $203.34M | $223.36M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $114.99M | $33.75M | $19.53M | $18.17M |
| Short-Term Debt | $10.89M | $7.59M | $11.4M | $8.62M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $5.69M | $5.83M | $6.45M | $7.26M |
| Other Current Liabilities | $17.72M | $2.25M | $9.35M | $6.02M |
| Total Current Liabilities | $161.57M | $56.99M | $48.45M | $45.53M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $151.02M | $127.24M | $164.28M | $152.55M |
| Long-Term Unearned Revenue | $11.8M | $14.66M | $14.29M | $0 |
| Long-Term Deferred Tax Liabilities | $12.33M | $307K | $512K | $0 |
| Other Long-Term Liabilities | $12.53M | $4.01M | $2.63M | $16.82M |
| Total Long-Term Liabilities | $190.25M | $147.83M | $181.71M | $169.37M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $351.81M | $204.82M | $230.16M | $214.9M |
| Stockholders' Equity | ||||
| Preferred Stock | $105.8M | $82.6M | $0 | $0 |
| Common Stock | $8K | $7K | $6K | $5.03M |
| Retained Earnings | -$341.07M | -$280.25M | -$190.02M | -$151.11M |
| Comprehensive Income & Other | $1.6M | -$621K | -$273K | $38K |
| Other Stockholders' Equity | $381.64M | $333.52M | $163.19M | $154.54M |
| Total Equity | $40.58M | $53.27M | -$26.82M | $8.46M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $392.39M | $258.1M | $203.34M | $223.36M |
| Supplementary Data | ||||
| Total Debt | $165.61M | $137.24M | $175.68M | $161.16M |
| Net Debt | $137.62M | $58.4M | $160.17M | $129.74M |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||
| Net Income | -$60.82M | -$90.24M | -$38.91M | -$41.73M |
| Depreciation & Amortization | $16.07M | $11.77M | $12.86M | $11.41M |
| Deferred Income Tax | -$3.37M | -$437K | $184K | -$13.94M |
| Stock-Based Compensation | $13.79M | $62.04M | $3.94M | $15K |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$24.34M | -$11.87M | -$6.7M | $11.51M |
| Inventory | $0 | $0 | $285K | $23.09M |
| Accounts Payable | $24.66M | $10.55M | $2.12M | -$19.46M |
| Other Working Capital | -$7.17M | -$5.85M | -$2.67M | $687K |
| Total Working Capital Change | -$6.86M | -$7.16M | -$6.96M | $15.82M |
| Other Non-Cash Items | $19.31M | $13.41M | $13.21M | $24.76M |
| Net Cash from Operating | -$21.88M | -$10.61M | -$15.67M | -$3.66M |
| Investing Activities | ||||
| Capital Expenditures | -$11.75M | -$7.27M | -$4.02M | -$4.06M |
| Acquisitions | -$23.28M | $155K | $0 | -$34.91M |
| Purchases of Investments | -$1.3M | -$417K | $0 | $0 |
| Sales of Investments | $2.28M | $262K | $910K | $0 |
| Other Investing Activities | $0 | -$155K | $0 | $1.26M |
| Net Cash from Investing | -$34.05M | -$7.42M | -$3.11M | -$37.71M |
| Financing Activities | ||||
| Debt Repaid | -$10.98M | $45.34M | -$3.15M | -$51.28M |
| Common Stock Issuance | $96K | $0 | $0 | $0 |
| Common Stock Repurchases | -$9.97M | -$7.48M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$7.04M | $49.55M | -$75K | $9.81M |
| Net Cash from Financing | $5.37M | $81.73M | $3.08M | $61.09M |
| Forex Effect | $17K | -$365K | -$311K | $1K |
| Net Change in Cash | -$44.17M | $63.34M | -$16.02M | $19.72M |
| Supplementary Data | ||||
| Operating Cash Flow | -$21.88M | -$10.61M | -$15.67M | -$3.66M |
| Capital Expenditure | -$11.75M | -$7.27M | -$4.02M | -$4.06M |
| Free Cash Flow | -$33.63M | -$17.88M | -$19.7M | -$7.72M |
| Cash at Beginning | $78.84M | $15.51M | $31.52M | $11.81M |
| Cash at End | $34.67M | $78.84M | $15.51M | $31.52M |