Mondee Holdings, Inc. (NASDAQ: MOND) reported an increased loss for its second quarter compared to the previous year.
The company recorded a net loss of $25.51 million, or $0.36 per share, during this period. This is a notable increase from the net loss of $14.61 million, or $0.22 per share, reported in the corresponding quarter last year.
After accounting for adjustments, Mondee Holdings, Inc. reported an adjusted loss of $10.03 million or $0.17 per share for the quarter.
Revenue for the quarter saw a 2.7% increase, rising to $58.33 million from $56.77 million in the same period last year.
Key financial metrics (GAAP) for Mondee Holdings, Inc. in Q2 are as follows:
- **Net Income:** -$25.51 million compared to -$14.61 million last year
- **Earnings Per Share (EPS):** -$0.36 compared to -$0.22 last year
- **Revenue:** $58.33 million compared to $56.77 million last year
### Guidance
For the full fiscal year, Mondee Holdings, Inc. expects revenue to be in the range of $240 million to $250 million.
