Mondee Investor Update
Reconciliation of GAAP to Non-GAAP Financial Measures
1Q22
2Q22 3Q22 4Q22
462,931 549,729 591,760 533,110
8.1%
7.2%
6.6%
6.9%
479,595 634,695 600,500 508,062
39,067 45,656 39,753 35,008
190%
94%
74%
5%
17%
(12)%
17%
(13)%
KEY METRICS
Transactions
Take rate
Gross revenue
Net revenue
YOY Growth
QOQ Growth
ADJUSTED EBITDA RECONCILIATION
Net income (loss)
Interest expense (net)
Stock-based comp exp
Payroll tax expense related to stock-based compensation
Depreciation & amortization
Restructuring expense
Changes in fair value of Warrant liability
Legal expense
Income tax provision
Gain on forgiveness of PPP loan
Warrant transaction expense
M&A costs
Other expenses (income), net
Change in FV of acquisition earnout
Other non-recurring expenses
Sale of export incentives
Adjusted EBITDA
Adjusted EBITDA margin
Deferred items
Supplier contract renegotiation²
Chargeback recoveries3
Total Adjusted EBITDA
Total Adjusted EBITDA margin
1Q22
(5,577)
6,102
80
2,817
||||||5
54
151
3,627
9.3%
2Q22
(2,113)
6,467
81
2,769
236
(2,009)
(915)
(760)
3,756
8.2%
3Q22
(64,321)
7,129 6,319
55,236 6,645
2,963
2,130
(683)
321
1,080
3,855
9.7%
FY22
4Q22
(18,227) (90,238)
26,017
62,042
3,221
412
791
744
(484)
326
(624)
760
(117)
(0.3)%
FY22
1Q23
2,137,530 665,173
7.2%
7.1%
2,222,851 699,237
159,484 49,929
71%
28%
43%
2,768
989
3,640
10.4%
11,770
2,542
108
744
127
(2,009)
326
(308)
(760)
760
11,121
7.0%
2,768
989
14,878
9.3%
1Q23
(12,915)
7,870
2,561
3,386
1,529
21
662
699
279
(322)
171
216
4,157
8.3%
2Q23
721,464
8.0%
707,766
56,771
24%
14%
2Q23
(14,608)
8,125
4,804
86
3,803
(168)
(393)
577
2,008
| |
264
(984)
530
394
4,438
7.8%
MONDEE
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