Mondee SPAC
Non-GAAP Financial Measures
MONDEE
This Document includes certain audited financials that are based on AICPA accounting standards and may be subject to change in connection
with the application of PCAOB accounting standards. This Document includes certain financial measures not presented in accordance with U.S.
GAAP including, but not limited to, Adjusted EBITDA and certain ratios and other metrics derived therefrom. These non-GAAP financial measures
are not measures of financial performance in accordance with U.S. GAAP and may exclude items that are significant in understanding and
assessing Mondee's financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash
flows from operations or other measures of profitability, liquidity or performance under U.S. GAAP. You should be aware that Mondee's
presentation of these measures may not be comparable to similarly-titled measures used by other companies. Mondee believes these non-GAAP
measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to
Mondee's financial condition and results of operations. Mondee believes that the use of these non-GAAP financial measures provides an
additional tool for investors to use in evaluating ongoing operating results and trends in and in comparing Mondee's financial measures with other
similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to
inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in
determining these non-GAAP financial measures. Please refer to footnotes where presented on each page of this Document.
This Document also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate
forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information
not being ascertainable or accessible, Mondee is unable to quantify certain amounts that would be required to be included in the most directly
comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is
included and no reconciliation of the forward-looking non-GAAP financial measures is included.
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