Brief: Mondee Announces 1Q 2022 Financial Results Returns To Positive EBITDA, Almost Tripling Net Revenue

MH Wind Down Co

20/05/2022 14:07

ITHAX Acquisition Corp  ITHX.O :
    * MONDEE ANNOUNCES 1Q 2022 FINANCIAL RESULTS; RETURNS TO
POSITIVE
EBITDA, ALMOST TRIPLING NET REVENUE
    * MONDEE - UPSIZED PIPE COMMITMENT BY $20 MILLION TO $70
MILLION
    * MONDEE - Q1 NET REVENUE INCREASED 179% YEAR-OVER-YEAR ON
100%
ORGANIC GROWTH
    * MONDEE - QTRLY NET REVENUE OF $38 MILLION WAS UP 179%
YEAR-OVER-YEAR AS COMPARED TO $13 MILLION IN 1Q21

Source text for Eikon:  ID:nBw4K3GZKa 
Further company coverage:  ITHX.O