Mondee SPAC
Profit and Loss Statement
Mondee is expected to return to positive Adjusted EBITDA in 2021, with strong increase in 2022 and 2023 driven by
higher revenue per ticket, higher sales and marketing spend, and a lean, post-COVID-19 operating structure.
Mondee Consolidated Financial Statements
Income Statement (Millions)
Income Statement
Tickets
Gross Revenue
Total Net Revenue
Y/Y Growth
Y/Y Organic Growth
Sales & Marketing Costs
Other Costs
Total Operating Expenses
% Margin
EBITDA, as reported
One-time/Non-recurring
COVID-19 Refunds & Revenue Reversals
Adjusted EBITDA¹
% Margin
Source: Company financials
Notes:
2017A
2.6
$1,278.5
$54.1
ΝΑ
ΝΑ
$22.4
23.9
$46.3
86%
$7.8
$7.8
14%
2018A
3.2
$1,153.7
$75.1
ΝΑ
39%
$40.1
22.7
$62.8
84%
$12.3
$-
$12.3
16%
2019PF (1)
5.4
$3,130.0
$177.8
137%
33%
$81.9
50.8
$132.7
75%
$45.1
$1.0
$46.1
26%
2020PF (2)
1.3
$435.9
$54.2
(70%)
(50%)
$31.3
65.1
$96.4
178%
($42.3)
$-
(30.2)
($12.0)
NM
* See "Disclaimer - Use of Projections" for all forward-looking projections contained on this page
1. Adjusted EBITDA is a non-GAAP financial measure, calculated as EBITDA as reported minus one-time non-recurring expenses as well as COVID-19 revenue
adjustments and reversals. See "Disclaimer - Non-GAAP Financial Measures"
2021E
1.3
$719.2
$65.2
20%
ΝΑ
$34.1
34.4
$68.5
105%
($3.3)
$-
(4.5)
$1.2
2%
2022E
3.3
$1,710.3
$152.8
134%
ΝΑ
$71.4
57.3
$128.7
84%
$24.1
$-
$24.1
16%
2023E
6.2
$3,353.7
$265.2
74%
ΝΑ
$110.2
74.9
$185.1
70%
$80.1
$80.1
30%
MONDEE
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