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.
