2022 Q4 Form 10-Q Financial Statement

#000182885222000007 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $39.59M $39.47M $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $40.58M $89.96M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.945M $8.549M
YoY Change
% of Gross Profit
Operating Expenses $44.71M $96.23M $327.7K
YoY Change 13545.44% 38525.22%
Operating Profit -$56.76M
YoY Change 22683.5%
Interest Expense -$6.787M $7.157M $35.30K
YoY Change -19326.63% 46800.39%
% of Operating Profit
Other Income/Expense, Net -$1.495M -$7.526M $1.369M
YoY Change -209.22% -2041.52%
Pretax Income -$12.94M -$64.29M $1.076M
YoY Change -1302.35% -46516.61%
Income Tax $542.0K $321.0K
% Of Pretax Income
Net Earnings -$13.48M -$64.61M $1.076M
YoY Change -1352.71% -46747.37% -22107.56%
Net Earnings / Revenue -34.06% -163.71%
Basic Earnings Per Share -$0.89
Diluted Earnings Per Share -$0.16 -$0.89 $34.88K
COMMON SHARES
Basic Shares Outstanding 82.27M shares 81.25M
Diluted Shares Outstanding 72.46M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.48M $114.1M $525.2K
YoY Change 16556.51% 17603.75%
Cash & Equivalents $78.84M $105.2M $525.2K
Short-Term Investments $8.639M $8.878M
Other Short-Term Assets $4.321M $4.803M $23.75K
YoY Change 18093.68% 4249.36%
Inventory
Prepaid Expenses $23.75K
Receivables $31.81M $25.75M $10.18M
Other Receivables $0.00 $0.00
Total Short-Term Assets $123.6M $151.2M $549.0K
YoY Change 22417.01% 19931.52% 54795.4%
LONG-TERM ASSETS
Property, Plant & Equipment $13.50M $10.64M $8.874M
YoY Change 52.1%
Goodwill $66.42M $66.42M $66.42M
YoY Change 0.0% 0.0%
Intangibles $57.37M $58.96M $63.71M
YoY Change -9.95%
Long-Term Investments $241.6M
YoY Change
Other Assets $2.057M $2.022M $1.588M
YoY Change 29.53%
Total Long-Term Assets $139.3M $140.6M $241.6M
YoY Change -42.32% -41.82% 299537.39%
TOTAL ASSETS
Total Short-Term Assets $123.6M $151.2M $549.0K
Total Long-Term Assets $139.3M $140.6M $241.6M
Total Assets $263.0M $291.8M $242.1M
YoY Change 8.59% 20.41% 296539.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.75M $37.89M $19.53M
YoY Change 72.81%
Accrued Expenses $9.442M $23.38M $211.5K
YoY Change 4363.29% 25909.57%
Deferred Revenue $5.828M $6.696M $6.450M
YoY Change -9.64%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.586M $9.439M $11.06M
YoY Change -31.43%
Total Short-Term Liabilities $60.23M $78.01M $211.5K
YoY Change 28371.55% 86683.7% 243.86%
LONG-TERM LIABILITIES
Long-Term Debt $127.0M $125.3M $0.00
YoY Change
Other Long-Term Liabilities $18.22M $2.513M $15.79M
YoY Change 15.42% -85.35%
Total Long-Term Liabilities $145.3M $2.513M $15.79M
YoY Change 820.24% -85.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.23M $78.01M $211.5K
Total Long-Term Liabilities $145.3M $2.513M $15.79M
Total Liabilities $206.1M $221.4M $16.00M
YoY Change 1188.65% 1183.89% 25901.75%
SHAREHOLDERS EQUITY
Retained Earnings -$280.3M -$263.7M -$15.45M
YoY Change 1713.41% 1498.78% 315879.49%
Common Stock $7.000K $7.000K $6.000K
YoY Change 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $56.81M -$9.218M -$15.45M
YoY Change
Total Liabilities & Shareholders Equity $263.0M $291.8M $242.1M
YoY Change 8.59% 20.41% 296539.24%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$13.48M -$64.61M $1.076M
YoY Change -1352.71% -46747.37% -22107.56%
Depreciation, Depletion And Amortization $2.945M $8.549M
YoY Change
Cash From Operating Activities -$10.48M -$321.5K -$119.3K
YoY Change 8679.02% 281.38% 2339.79%
INVESTING ACTIVITIES
Capital Expenditures $1.930M -$5.415M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $239.0K -$394.0K $0.00
YoY Change
Cash From Investing Activities -$1.691M -$5.809M $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.08M 96.56M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -10.48M -321.5K -119.3K
Cash From Investing Activities -1.691M -5.809M 0.000
Cash From Financing Activities -14.08M 96.56M 0.000
Net Change In Cash -26.24M 90.43M -119.3K
YoY Change 21891.96% -107373.43% -12033.0%
FREE CASH FLOW
Cash From Operating Activities -$10.48M -$321.5K -$119.3K
Capital Expenditures $1.930M -$5.415M
Free Cash Flow -$12.41M $5.094M
YoY Change

Facts In Submission

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NATURE OF OPERATIONS<div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Mondee Holdings , Inc., is a Delaware corporation. We refer to Mondee Holdings, Inc. and its subsidiaries collectively as “Mondee,” the “Company,” “us,” “we” and “our” and "New Mondee" in these condensed consolidated financial statements. Mondee is a rapid-growth, travel technology company and marketplace with a portfolio of globally recognized brands in the leisure and corporate travel sectors. Mondee provides state-of-the art technologies, operating systems and services that modernize travel market transactions to better serve travelers seeking enhanced life-style choices directly or through travel affiliates. These technology- led platforms, combined with Mondee’s distribution network, access to global travel inventory and its extensive, negotiated travel content, create a modern travel marketplace. The Company believes this modern travel marketplace provides enhanced options to the increasingly discerning traveler, on efficient consumer- friendly distribution platforms that support its travel supplier partners in utilizing highly perishable travel inventory. In addition to the rapid development of a modern travel marketplace, Mondee is increasingly focused on expanding its marketplace to the gig economy segment of the travel market. The Company believes gig workers are seeking more flexible, diverse content travel services and that its platform is well suited to serve them. The Company also offers a new subscription incentive-based behavioral change platform that is designed to be user-friendly to make booking business trips rewarding for both the traveler and the corporation.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Business Combination</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 18, 2022 ( the "Closing Date"), we consummated the business combination (the "Business Combination") pursuant to the Business Combination Agreement (the "BCA"), dated December 20, 2021, by and among ITHAX Acquisition Corp. ("ITHAX"), Ithax Merger Sub I, LLC, a Delaware limited liability company and wholly owned subsidiary of ITHAX (“First Merger Sub”), Ithax Merger Sub II, LLC a Delaware limited liability company and wholly owned subsidiary of ITHAX (“Second Merger Sub”) and Mondee Holdings II, Inc., a Delaware corporation (“Legacy Mondee”).</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On the Closing Date, following the Domestication, First Merger Sub merged with and into Legacy Mondee, with Legacy Mondee surviving such merger as a wholly owned subsidiary of New Mondee (the “First Merger,” and the time at which the First Merger became effective, the “First Effective Time”), and immediately following the First Merger, Legacy Mondee merged with and into Second Merger Sub, with Second Merger Sub surviving such merger as a wholly owned subsidiary of New Mondee (the “Second Merger,” together with the First Merger, the “Mergers,” and the time that the Second Merger became effective being referred to as the “Second Effective Time”).</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On the Closing Date, the registrant changed its name from ITHAX Acquisition Corp. to Mondee Holdings, Inc. For further detailed information, please refer to Note 3. Reverse Recapitalization.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> In connection with the closing of the business combination:</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">All shares of Class A Common Stock of Mondee Holdings II, Inc. outstanding as of immediately prior to the First Effective Time were cancelled and automatically converted into the right to receive an aggregate 60,800,000 shares of New Mondee Class A Common Stock, par value $0.0001 per share.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">Each issued and outstanding unit of First Merger Sub immediately prior to the First Effective Time were converted into and exchanged for one validly issued, fully paid and nonassessable share of Class A Common Stock of the first surviving company (the “First Surviving Company Class A Common Stock”).</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">All redeemable outstanding 12,075,000 public warrants and 337,500 private placement warrants of ITHAX representing the right to purchase one Class A ordinary share were adjusted to represent the right to purchase one share of New Mondee Class A Common Stock.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt"> Certain investors received the contingent right to receive a portion of additional shares of Class A Common Stock upon achievement of certain milestones set forth in the BCA, in the form of 9,000,000 earn-out shares. At the time of closing, 6,500,000 earn-out shares were issued.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">The settlement of a related party loan receivable immediately upon completion of the Business Combination by delivery of right to receive New Mondee Class A Common Stock.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">All outstanding ITHAX Class A (after redemptions) and Class B ordinary shares were cancelled and converted into shares of Common Stock of New Mondee.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">The unvested Incentive Stock Units of Mondee Holdings LLC fully vested in connection with the consummation of the Business Combination.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">The asset purchase agreement with Metaminds Technologies Pvt. Ltd., ("Metaminds"), (entity under common control) for a purchase price of $2,000 to acquire substantially all of Metaminds assets.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">Amendment to Amendment 7 to the TCW loan reflecting a debt modification which resulted in the issuance of 3,000,000 Class G units of Mondee Holdings LLC and a prepayment of the principal and fee of $41,210.</span></div><div style="margin-top:12pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:32.5pt">On the Closing Date, certain investors (the "PIPE Investors") purchased from the Company an aggregate of 7,000,000 shares (the "PIPE Shares") of New Mondee Class A Common Stock at a price of $10.00 per share, for an aggregate of $70,000 ( the "PIPE Financing"), in a private placement pursuant to a separate subscription agreement consummated substantially concurrently with close of the Business Combination. </span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Class A Common Stock of the Company are currently listed on The Nasdaq Global Market (“Nasdaq”) under the symbol “MOND".</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Consolidated Financial Statements and accompanying notes have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Consolidated Financial Statements of Mondee Holdings, Inc. as of September 30, 2022 and accompanying notes are unaudited. The Condensed Consolidated Balance Sheet as of December 31, 2021, included herein was derived from the audited consolidated financial statements of Legacy Mondee as of that date. Certain information and note disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. As such, the information included herein should be read in conjunction with the consolidated financial statements and accompanying notes of Legacy Mondee as of and for the year ended December 31, 2021 included in the registration statement Form S-1 declared effective by the SEC on October 12, 2022, which provides a more complete discussion of the Company’s accounting policies and certain other information. The Condensed Consolidated Financial Statements were prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments necessary for a fair statement of the Company’s financial position as of September 30, 2022 and the results of operations for the three and nine months ended September 30, 2022 and 2021 and the results of cash flows for the nine months ended September 30, 2022 and 2021. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly- owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been no changes in accounting policies during the nine months ended September 30, 2022 from those disclosed in the annual consolidated financial statements and related notes for the year ended December 31, 2021, except as described in “Recently Adopted Accounting Pronouncements” below.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Going concern</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has prepared its Condensed Consolidated Financial Statements assuming that the Company will continue as a going concern. The Company is required to make debt repayments aggregating to $9,375 and $7,500 up to September 30, 2023 and September 30, 2024, respectively. </span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2022, current liabilities are $78,009 and current assets are $151,230. Given that the Company has historically generated recurring net losses, negative operating cash flows and negative net worth , it may be unable to make such specified debt repayments from operations when the balance is due. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These Condensed Consolidated Financial Statements do not include any adjustments that might result from the outcome of this uncertainty.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2022 the Company has $105,228 of unrestricted cash and $15,000 in unused line of credit. On July 18, 2022, the Company completed the business combination and raised net cash proceeds of $62,191, net of transaction costs and certain settlements of liability. The increase was offset by a modified debt facility with TCW Asset Management Company LLC ("TCW"), which entailed a prepayment fee of some of its obligations totaling $41,210 by the earlier of the close of the Business Combination or July 31, 2022. On September 29, 2022, the Company issued Series A preferred stock (the "Preferred Stock") and common stock warrants for an aggregate cash proceeds of $83,440, net of issuance costs.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of the date on which these Condensed Consolidated Financial Statements were available to be issued, we believe that the cash on hand, available line of credit, additional investments obtained through the Business Combination and additional mezzanine equity financing through Preferred Stock will satisfy the Company’s working capital and capital requirements for at least the next twelve months and accordingly, substantial doubt about the Company's ability to continue as a going concern is alleviated. </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">COVID-19</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During 2020, the COVID-19 pandemic had severely restricted the level of economic activity around the world and is continuing to have an unprecedented effect on the global travel industry. The various government measures implemented to contain the COVID-19 pandemic, such as imposing restrictions on travel and business operations and advising or requiring individuals to limit or forgo their time outside of their homes, initially led to unprecedented levels of cancellations and continues to have a negative impact on the number of new travel bookings. While many countries have begun the process of vaccinating their residents against COVID-19, the large scale and challenging logistics of distributing the vaccines, as well as uncertainty over the efficacy of the vaccines against new variants of the virus, may contribute to delays in economic recovery. The spread of new variants of COVID-19 has caused uncertainty as to when restrictions will be lifted, if additional restrictions may be initiated or reimposed, if there will be permanent changes to travel behavior patterns, and the timing of distribution and administration of COVID-19 vaccines and other medical interventions globally. Overall, the full duration and total impact of COVID-19 remains uncertain, and it is difficult to predict how the recovery will unfold for the travel industry and, in particular, our business, going forward.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since the first quarter of 2020, COVID-19 has negatively impacted consumer sentiment and consumer’s ability to travel, and many of the Company's supply partners, particularly airlines and hotels, continue to operate at reduced but improving service levels in 2022. More recently, travel trends have continued to improve. Overall, the full duration and total impact of COVID-19 remains uncertain and it is difficult to predict how the recovery will unfold for the travel industry and, in particular, our business, going forward.</span></div>
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 mond Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
60800000 shares
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
9000000 shares
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares Issued
DerivativeInstrumentContingentConsiderationLiabilitySharesIssued
6500000 shares
CY2022Q3 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
41210000 usd
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7000000 shares
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
78009000 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
151230000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
105228000 usd
CY2022Q3 mond Unused Lines Of Credit
UnusedLinesOfCredit
15000000 usd
CY2022Q3 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
41210000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
83440000 usd
mond Payments Of Reverse Recapitalization Transaction Costs And Advisory Fees
PaymentsOfReverseRecapitalizationTransactionCostsAndAdvisoryFees
9000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the Condensed Consolidated Financial Statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the amounts reported in the Condensed Consolidated Financial Statements and accompanying notes. We base our estimates on historical experience and on various other factors we believe to be reasonable under the circumstances, the </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ materially from those estimates. Significant items subject to such estimates and assumptions include, but are not limited to, the useful lives of property and equipment, revenue recognition, the determination of the incremental borrowing rate used for operating lease liabilities, allowances for doubtful accounts and customer chargebacks, the valuation of financial instruments, including the fair value of share-based awards, redeemable preferred stock, warrant liabilities, earn-outs issued in connection with the business combination, acquisition purchase price allocations, the valuation of intangible and other long-lived assets, income taxes, impairment of goodwill and indefinite life intangibles, capitalization of software development costs, and other contingencies.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business disruptions and adversely impact our results of operations. As a result, many of our estimates and assumptions required increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Certain risks and concentrations</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our business is subject to certain risks and concentrations including dependence on relationships with travel suppliers, primarily airlines, dependence on third-party technology providers, exposure to risks associated with online commerce security and payment related fraud. We also rely on global distribution system partners and third-party service providers for certain fulfillment services.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Significant customers are those that represent more than 10% of the Company's total revenue or total accounts receivable and contract assets. As of September 30, 2022, two customers accounted for 23% of total accounts receivable and contract assets. The Company’s cash and cash equivalents are on deposit with major financial institutions. Such deposits may be in excess of insured limits. The Company believes that the financial institutions that hold the Company’s cash are financially sound, and accordingly, minimum credit risk exists with respect to these balances. The Company has not experienced any losses due to institutional failure or bankruptcy. The Company performs credit evaluations of its customers and generally does not require collateral for sales on credit. The Company’s accounts receivable comprises of amounts due from affiliates, airline companies and global distribution system companies which are well established institutions that the Company believes to be of high quality. The Company reviews accounts receivable balances to determine if any receivables will potentially be uncollectible and includes any amounts that are determined to be uncollectible in the allowance for doubtful accounts.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Deferred offering costs </span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Deferred offering costs, which consist of direct incremental legal, consulting, and accounting fees and printer </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">costs relating to an anticipated public offering, were capitalized and recorded against proceeds upon the consummation of the offering. After the consummation of the Business Combination, costs allocated to equity-classified instruments are recorded as a reduction to additional paid-in capital. Costs allocated to liability-classified instruments are expensed. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Stock-based compensation</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Stock-based compensation expense related to restricted stock units ("RSUs) and stock options ("Options") is recognized based on grant date fair value on a straight-line basis over the respective requisite service periods and forfeitures are accounted for when they occur. For RSUs with market and service conditions, these vest over the derived service period and are subject to graded vesting. The market condition for these awards will be met and one-third of the RSU will vest if the Class A Common Stock price reaches or exceeds a volume-weighted average price of $12.50, $15.00 and $18.00 for any 20 days within any 30 days trading period.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The fair value on the grant date of the restricted stock units is determined based on the number of units granted and the quoted price of the Company's common stock. The fair value of employee stock options is determined using the Black-Scholes model, which requires the use of a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. The stock-based compensation expense for RSUs and options are recognized on a straight-line basis over the requisite service period which is generally one to three years and one to two years, respectively.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Derivatives</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company accounts for derivative financial instruments as either equity or liabilities in accordance with ASC Topic 815, Derivatives and Hedging, or ASC 815, based on the characteristics and provisions of each instrument. Embedded derivatives are required to be bifurcated from the host instruments and recorded at fair value if the derivatives are not clearly and closely related to the host instruments on the date of issuance. Derivative instrument liabilities are classified in the condensed consolidated balance sheets as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company accounts for warrants as equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in FASB ASC 480 Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, whether they meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own Class A Common Stock and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each reporting date while the warrants are outstanding.</span></div><div style="margin-top:12pt;text-indent:18pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Redeemable preferred stock</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Redeemable Preferred Stock is redeemable at the option of the holder at the fifth year of anniversary of the issuance and at any point in time by the Company. In accordance with ASC 480, Distinguishing Liabilities from Equity, the Redeemable Preferred Stock is classified as temporary equity, as any event that is outside the Company’s control (regardless of probability) could trigger the security to become redeemable outside the Company’s control. </span></div><div style="margin-top:12pt;text-indent:18pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Net Loss Per Share Attributable to Common Stockholders</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net loss attributable to common stockholders is computed by adjusting net loss attributable to common stockholders to reallocate undistributed earnings based on the potential impact of dilutive securities. Diluted net loss per share attributable to common stockholders is computed by dividing the diluted net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period, including potential dilutive common shares assuming the dilutive effect of common stock equivalents.Potential common shares from stock options, unvested restricted stock units, earnout awards and common stock warrants are computed using the treasury stock method. Contingently issuable shares are included in basic EPS only when there is no circumstance under which those shares would not be issued.</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As the Merger has been accounted for as a reverse recapitalization, the consolidated financial statements of the merged entity reflect the continuation of Mondee Holdings, Inc. financial statements; Mondee Holdings, Inc. equity has been retroactively adjusted to the earliest period presented to reflect the legal capital of the legal acquirer, ITHAX. As a result, net loss per share was also retrospectively adjusted for periods ended prior to the Merger. See Note 3 for details of this recapitalization and Note 17 for discussions of the retrospective adjustment of net loss per share</span></div>
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingday
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Consecutive Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdConsecutiveTradingDays
30 tradingday
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
9000000 shares
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdTradingDays
20 tradingday
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Earnout Period Threshold Consecutive Trading Days
DerivativeInstrumentContingentConsiderationLiabilityEarnoutPeriodThresholdConsecutiveTradingDays
30 tradingday
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
9000000 shares
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
9000000 shares
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
1100000 shares
CY2022Q3 mond Share Based Payment Arrangement Derivative Instrument Contingent Consideration Liability Costs Not Yet Recognized Amount
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6382000 usd
CY2022Q3 mond Derivative Instrument Contingent Consideration Liability Shares Outstanding
DerivativeInstrumentContingentConsiderationLiabilitySharesOutstanding
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mond Proceeds From Reverse Recapitalization Transaction
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62191000 usd
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us-gaap Proceeds From Issuance Of Private Placement
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70000000 usd
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62191000 usd
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58495000 usd
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7845000 usd
CY2022Q3 mond Reverse Recapitalization Transactions Costs Paid And Accrued
ReverseRecapitalizationTransactionsCostsPaidAndAccrued
2310000 usd
mond Reverse Recapitalization Net
ReverseRecapitalizationNet
48340000 usd
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74747218 shares
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2022Q3 mond Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
13947218 shares
CY2022Q3 mond Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
60800000 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
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74747218 shares
CY2022Q3 mond Additional Paid In Capital Reverse Recapitalization Transaction Costs
AdditionalPaidInCapitalReverseRecapitalizationTransactionCosts
28811000 usd
CY2022Q3 mond Additional Paid In Capital Reverse Recapitalization Transaction Costs
AdditionalPaidInCapitalReverseRecapitalizationTransactionCosts
28811000 usd
mond Payments Of Reverse Recapitalization Transaction Costs Including Underwriting And Advisory Fees
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20053000 usd
CY2022Q3 us-gaap Shares Outstanding
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CY2022Q3 mond Stock Converted Reverse Recapitalization
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60800000 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
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CY2022Q3 mond Class Of Warrant Or Right Redemption Price Of Warrants Or Rights
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CY2022Q3 mond Threshold Number Of Business Days Before Sending Notice Of Redemption To Warrant Holders
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CY2022Q3 mond Stock Issued During Period Shares Warrants Exercised
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118942 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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11.50
CY2022Q3 us-gaap Proceeds From Warrant Exercises
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1400000 usd
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2700000 usd
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2700000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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CY2021Q4 us-gaap Contract With Customer Asset Net
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20738000 usd
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CY2022Q3 us-gaap Contract With Customer Liability
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19080000 usd
CY2021Q4 us-gaap Contract With Customer Liability
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20738000 usd
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2860000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q3 mond Temporary Equity Stock Issued During Period Shares New Issues
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85000 shares
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46000 usd
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0 usd
CY2022Q3 us-gaap Loss Contingency Pending Claims Number
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
383000 usd
CY2022Q3 us-gaap Contractual Obligation
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7661000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7661000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Second And Third Year
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CY2022Q3 us-gaap Contractual Obligation Due After Fifth Year
ContractualObligationDueAfterFifthYear
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CY2022Q3 us-gaap Contractual Obligation
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7661000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
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us-gaap Operating Lease Expense
OperatingLeaseExpense
1113000 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
339000 usd
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
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CY2022Q3 us-gaap Operating Lease Right Of Use Asset
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2519000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
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874000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
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1826000 usd
CY2022Q3 us-gaap Operating Lease Liability
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2700000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y8M4D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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us-gaap Operating Lease Payments
OperatingLeasePayments
993000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3403000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
917000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
693000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
388000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
285000 usd
CY2022Q3 mond Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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CY2022Q3 us-gaap Operating Lease Liability
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CY2022Q3 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
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CY2022Q3 us-gaap Defined Benefit Plan Service Cost
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CY2022Q3 us-gaap Defined Benefit Plan Interest Cost
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8000 usd
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
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us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
4000 usd
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DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
26000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Increase Decrease For Plan Amendment
DefinedBenefitPlanNetPeriodicBenefitCostCreditIncreaseDecreaseForPlanAmendment
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DefinedBenefitPlanNetPeriodicBenefitCostCreditIncreaseDecreaseForPlanAmendment
81000 usd
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DefinedBenefitPlanNetPeriodicBenefitCostCreditIncreaseDecreaseForPlanAmendment
84000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Increase Decrease For Plan Amendment
DefinedBenefitPlanNetPeriodicBenefitCostCreditIncreaseDecreaseForPlanAmendment
58000 usd
CY2022Q3 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-33000 usd
CY2021Q3 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-45000 usd
us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
4000 usd
us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
26000 usd
CY2022Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
0 usd
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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DefinedBenefitPlanExpectedReturnOnPlanAssets
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us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
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CY2022Q3 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
-33000 usd
CY2021Q3 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
-45000 usd
us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
4000 usd
us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
DefinedBenefitPlanActuarialGainLossImmediateRecognitionAsComponentInNetPeriodicBenefitCostCredit
26000 usd
CY2022Q3 mond Related Party Transaction Payment To Put Option Holders
RelatedPartyTransactionPaymentToPutOptionHolders
5241000 usd
CY2021Q3 mond Related Party Transaction Payment To Put Option Holders
RelatedPartyTransactionPaymentToPutOptionHolders
0 usd
mond Related Party Transaction Payment To Put Option Holders
RelatedPartyTransactionPaymentToPutOptionHolders
5241000 usd
mond Related Party Transaction Payment To Put Option Holders
RelatedPartyTransactionPaymentToPutOptionHolders
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
39466000 usd
CY2022Q3 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
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CY2022Q3 us-gaap Revenues
Revenues
39466000 usd
CY2022Q3 mond Adjustedearningsbeforeinteresttaxesdepreciationandamortization
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CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2963000 usd
CY2022Q3 us-gaap Restructuring Charges
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2130000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
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CY2022Q3 us-gaap Operating Income Loss
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CY2022Q3 us-gaap Nonoperating Income Expense
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-64287000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
321000 usd
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NetIncomeLoss
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
22870000 usd
CY2021Q3 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
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CY2021Q3 us-gaap Revenues
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22870000 usd
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46000 usd
CY2021Q3 us-gaap Depreciation And Amortization
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3252000 usd
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CY2021Q3 us-gaap Operating Income Loss
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CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115000 usd
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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119769000 usd
us-gaap Revenue Not From Contract With Customer
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us-gaap Revenues
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119769000 usd
mond Adjustedearningsbeforeinteresttaxesdepreciationandamortization
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us-gaap Depreciation And Amortization
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us-gaap Restructuring Charges
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2130000 usd
us-gaap Allocated Share Based Compensation Expense
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us-gaap Operating Income Loss
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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611000 usd
us-gaap Net Income Loss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenues
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3919000 usd
us-gaap Depreciation And Amortization
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9772000 usd
us-gaap Restructuring Charges
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Operating Income Loss
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
us-gaap Income Tax Expense Benefit
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235000 usd
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CY2022Q3 us-gaap Revenues
Revenues
39466000 usd
CY2021Q3 us-gaap Revenues
Revenues
22870000 usd
us-gaap Revenues
Revenues
119769000 usd
us-gaap Revenues
Revenues
59921000 usd
CY2021Q4 us-gaap Common Stock Shares Authorized
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CY2022Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
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0.0001
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
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1
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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0 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Consecutive Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdConsecutiveTradingDays
P20D
CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdTradingDays
P30D
CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Consecutive Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdConsecutiveTradingDays
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CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdTradingDays
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CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Consecutive Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdConsecutiveTradingDays
P20D
CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdTradingDays
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CY2022Q3 us-gaap Net Income Loss
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CY2021Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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60800000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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60800000 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2021Q3 us-gaap Earnings Per Share Diluted
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us-gaap Net Income Loss
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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64730224 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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60800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Restructuring Charges
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us-gaap Payments For Restructuring
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CY2022Q3 us-gaap Restructuring Reserve Current
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914000 usd
CY2022Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001

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0001828852-22-000007-index-headers.html Edgar Link pending
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