Articles from Mondee Holdings, Inc.

AUSTIN, Texas, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (OTC: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, today announced that it has entered into a restructuring support agreement which outlines a series of transactions that will strengthen the Company’s balance sheet and position it for long term success, including a term sheet to sell substantially all of the assets of the Company to a newly formed entity owned by, among others, affiliates of TCW Asset Management Company LLC and Wingspire Capital LLC (the “TCW Bid”). If the TCW Bid is the successful one, following the closing of the sale, Mr. Prasad Gundumogula will have a 75% equity stake in, and serve as CEO of, the newly formed entity.

AUSTIN, Texas, Dec. 01, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today 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.

AUSTIN, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that the Company received a notification letter from the Listing Qualifications Department of the NASDAQ Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of reports with the U.S. Securities and Exchange Commission. The November 20, 2024 letter was sent as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the three month period ended September 30, 2024 (the “Form 10-Q”).

AUSTIN, Texas, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that it has cancelled the Company’s webcast on the third quarter 2024 financial results for the period ended September 30, 2024.

AUSTIN, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that it will hold its webcast on the third quarter 2024 financial results for the period ended September 30, 2024, on Monday, November 18, 2024, instead of Tuesday, November 12, 2024. A release shall accompany the webcast.

AUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that it will hold its webcast on the third quarter 2024 financial results for the period ended September 30, 2024, on Tuesday, November 12, 2024, instead of Friday, November 8, 2024. A release shall accompany the webcast.

AUSTIN, Texas, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced today that it will hold its webcast on the third quarter 2024 financial results for the period ended September 30, 2024, on Friday, November 8, 2024. A release shall accompany the webcast.

- Term Loan Maturity Extended to June 30, 2028- Preferred Equity Put Option Extended to December 31, 2028- Unlocks at least $20M of combined, additional growth working capital

- Net Revenues of $58.3M, up 3% from prior-year quarter, on Gross Bookings of $678M- Adjusted EBITDA3 of $6.1M, up 38% from the prior-year quarter - Take Rate of 8.6%, up 20 basis points from the prior-year quarter- Refinancing of term loan and extension of preferred equity

AUSTIN, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced that it will hold its webcast on the second quarter 2024 financial results for the period ended June 30, 2024 and its anticipated new financing, on Wednesday, August 14, 2024. A release shall accompany the webcast.

AUSTIN, Texas, July 26, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading travel marketplace and artificial intelligence (AI) technology company, announced that it will report second quarter 2024 financial results for the period ended June 30, 2024, on Thursday, August 8, 2024 via an earnings release and accompanying webcast.

- Q1 24 Net Revenues of $58M, up 16% from prior-year quarter, on Gross Bookings of $708M- Q1 24 Adjusted EBITDA of $5.1M, up 27% from the prior-year quarter- Q1 24 Take Rate of 8.2%, up 10% from the prior-year quarter- Raises 2024 Net Revenues Guidance

AUSTIN, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that it will report first quarter 2024 financial results for the period ended March 31, 2024, on Friday, May 10, 2024 via an earnings release and accompanying webcast.

- Record Net Revenues and Adjusted EBITDA, exceeding guidance- Q4 23 Net Revenues of $61.1M, up 78% from prior-year quarter, on Gross Bookings of $619M- Q4 23 Adjusted EBITDA of $6.9M, up 338% from prior-year quarter- Q4 23 Take Rate of 9.9%, up 44% from prior-year quarter

AUSTIN, Texas, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that Executive Vice Chairman Orestes Fintiklis, Chief Operating Officer Jim Dullum, and SVP Jeff Houston will present and host one-on-one meetings at the following investor and industry conferences.

AUSTIN, Texas, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that it will report fourth quarter and full year 2023 financial results for the period ended December 31, 2023, on Thursday, March 14, 2024 via an earnings release and accompanying webcast.

AUSTIN, Texas, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a leading artificial intelligence (AI) travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, announced that Executive Vice Chairman Orestes Fintiklis and SVP Jeff Houston will present and host one-on-one meetings at the 26th Annual Needham Growth Conference.

Five prominent investment banks now provide institutional research coverage on Mondee

Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace with a portfolio of global platforms in the leisure and corporate travel sectors, has announced its acquisition of Purplegrids, a Silicon Valley based, cutting-edge AI company founded in 2017. This acquisition strengthens Mondee’s tech capabilities and showcases its commitment to vertically integrate AI across travel.

- Q3 23 Net Revenue of $54.5M, up 35% from prior-year quarter, on Gross Bookings of $597M- Q3 23 Adjusted EBITDA of 5.5M, up 54% from prior-year quarter - Q3 Take Rate of 9.1%, up 31% from prior-year quarter- Acquired leading AI-platform, Purplegrids, on November 13, 2023

AUSTIN, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced that it will report third quarter 2023 financial results for the period ended September 30, 2023, on Tuesday, November 14, 2023 via an earnings release and accompanying webcast.

AUSTIN, Texas, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms in the leisure and corporate travel sectors, today announced the increase of its existing Preferred Equity Financing by up to $15 million. Consequently, the Company’s Board of Directors has authorized a $10 million expansion of the Company’s on-going share repurchase program, bringing the total size of the common stock repurchase program authorized by the Board of Directors to up to $40 million. All other terms of the repurchase program remain unchanged.

Program Intended to Enhance Shareholder Value

Distinguished Leader with Board and C-suite Roles in Orbitz, Red Hat, Autodesk, Travelport, HP and Compaq

Mondee Leadership Will Also Host One-On-One Meetings with Investors

- Q2 23 Gross Revenue of ~$708M1, 112% of Q2 2022- Q2 23 Net Revenue of ~$56.8M1, 124% of Q2 2022- Q2 23 Adjusted EBITDA of $4.4M1, 118% of Q2 2022- Increases 2023 Net Revenue Guidance to $245-$250M, representing 155% of 2022 at midpoint

Mondee Continues its Accretive M&A Strategy, Strengthening its Global Position as the Foremost AI-Powered Marketplace for Travel Content and Experiences.

AUSTIN, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the date for its second quarter 2023 earnings call, for the period ended June 30, 2023.

The 30-day average daily trading volume of Mondee’s stock witnessed a 15x increase, reaching 697,000 shares or $6.2 million of nominal value1

The Offering represents a significant milestone in diversifying Mondee’s shareholder base and establishing an environment that fosters widespread investor participation

AUSTIN, Texas, June 07, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace, today announced the pricing of an underwritten offering of 5,250,000 shares of Mondee’s Class A common stock, par value $0.0001 per share (the “Common Stock”), on behalf of certain stockholders (the “Selling Stockholders”) at a price of $10.00 per share. The offering is expected to close on June 9, 2023, subject to the satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 787,500 shares of Common Stock from the Selling Stockholders.

AUSTIN, Texas, May 17, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the addition of Geetika Gupta as Chief People Officer (“CPO”), based in the company's Austin, Texas headquarters.

- 1Q23 Gross Revenue of ~$700M1, 146% of 1Q22 - 1Q23 Net Revenue of ~$50M1, 128% of 1Q22- 1Q23 Adjusted EBITDA of $4M1, 180% of 1Q22- Raising 2023 Net Revenue Guidance to $240-$245M, representing 52% growth at midpoint- Announces acquisitions of Brazil-based Interep and Mexico-based Consolid

Mondee Continues its Accretive M&A Strategy Strengthening its Latin American and Global Position as a Modern Marketplace for Travel Content and Experiences in the Global Gig Economy.

Mondee continues its accretive M&A strategy by acquiring Interep, a distinguished B2B luxury travel company in Brazil, enhancing Mondee’s Modern Marketplace for Travel Content and Experiences in the Global Gig Economy.

AUSTIN, Texas, May 01, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the date for its first quarter 2023 earnings call, for the period ended March 31, 2023.

Entrepreneur Of The Year celebrates ambitious entrepreneurs who are building bolder futures

AUSTIN, Texas, April 25, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the addition of Meredith Waters as its first General Counsel (“GC”), based in the company's Austin, Texas headquarters.

AUSTIN, Texas, April 19, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the appointment of Jesus Portillo as its new Chief Financial Officer (“CFO”) based in the company's Austin, Texas headquarters effective immediately.

As part of Mondee’s Influencer and Affiliate Network, TISSINI’s closed group of 55,000 Hispanic women now have access to state-of-the-art travel technology, exclusive content and revenue opportunities.

- 2022 Gross Revenue of $2.2B1, 2.2x 2021's $996M - 2022 Net Revenue of $159M1, 171% of 2021- 2022 Adjusted EBITDA of $16M1, an increase of over $20M from $(5)M in 2021- 2023 Annual Guidance of Net Revenue to $240-250M, an increase of 47% at midpoint- Completed Acquisition of Orinter in Brazil, Expanding Footprint to Brazil and Latin America

AUSTIN, Texas, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), a technology-driven, next-generation marketplace in a $1 trillion segment of the travel market, today announced the date for its fourth quarter and full year 2022 earnings call, for the period ended December 31, 2022.

Mondee resumes its accretive M&A strategy by acquiring complementary, synergistic businesses that expand its geographic footprint and enhance its marketplace

Mondee offers an exclusive arrangement for enhanced tech, travel content and revenue opportunities to Mondee’s market-leading network of 50,000+ travel affiliates and experts.

Seasoned Marketing Leader to Spearhead Growth and the Launch of Next-Gen Travel Tech Solutions Across the Leisure Travel Category

- Gross Revenue of $600M Increased 172% Year-Over-Year- Net Revenue of $39.5M Increased 73% Year-Over-Year- Adjusted EBITDA of $3.7M Increased by $3.8M from $(0.1)M in the Same Quarter Last Year- Raises 2022 Annual Guidance of Net Revenue to $155-160M- Completed $85 Million of Preferred Equity to Support Expansion Strategy- Retired all 12M Public Warrants via Tender Process

AUSTIN, Texas, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced the date for its third quarter 2022 earnings call, for the period ended September 30, 2022.

AUSTIN, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced that it successfully completed a tender process which, when combined with the contemplated redemption of untendered warrants, will lead to a simplified capital structure with no public warrants.

AUSTIN, Texas, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced that it closed a private offering (the “Preferred Financing”) of $85 million of its Series A Preferred Stock (the “Preferred Stock”). Proceeds from the Preferred Financing will be used to fund Mondee’s M&A strategy, other growth opportunities and general corporate purposes.

Mondee Holdings, Inc. (Nasdaq: MOND) (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced financial results for the second quarter ended June 30, 2022. Mondee completed a business combination with ITHAX Acquisition Corp., a Cayman Islands exempted company (“ITHAX”), on July 18, 2022 and since July 19, 2022, it has been trading on The Nasdaq Stock Market (“Nasdaq”) under the ticker symbol “MOND”.

Mondee Holdings, Inc. (“Mondee” or the “Company”), the high-growth, travel technology company and marketplace, with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, today announced that its second quarter 2022 results, for the period ended June 30, 2022, will be released on Monday, August 15, 2022, before the market opens. The Company will host a conference call at 5:30 a.m. (PST) / 7:30 a.m. (CST) / 8:30 a.m. (EST) to discuss its financial results with the investment community.

Mondee Holdings, Inc. (“Mondee” or “the Company”) (NASDAQMOND), the high-growth, travel technology company and marketplace, today announced that Orestes Fintiklis has been appointed to the role of Vice Chairman of the Board and Chief Corporate Strategy and Business Development Officer. In his new role, Mr. Fintiklis will provide assistance in overseeing various roles including business development, strategic advisory, mergers & acquisitions and investor relations, as well as facilitate the smooth transition of Mondee from a private to a public company.

ITHAX Acquisition Corp. (“ITHAX”) (NASDAQITHX), a publicly traded special purpose acquisition company, today announced the completion of its business combination with Mondee Holdings II, Inc., the high-growth, travel technology company and marketplace.