2023 Q1 Form 10-K Financial Statement

#000182885223000033 Filed on April 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $49.93M $39.59M $159.4M
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $48.74M $40.58M $201.8M
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.386M $2.945M $11.49M
YoY Change 20.2% -10.63%
% of Gross Profit
Operating Expenses $54.58M $44.71M $218.1M
YoY Change 2267.29% 13545.44% 26062.2%
Operating Profit -$4.647M -$66.30M
YoY Change 101.57% 7852.31%
Interest Expense $8.217M -$6.787M -$26.49M
YoY Change 108878.78% -19326.63% -26421.8%
% of Operating Profit
Other Income/Expense, Net -$7.569M -$1.495M -$1.128M
YoY Change -376.41% -209.22% -127.21%
Pretax Income -$12.22M -$12.94M -$86.04M
YoY Change -2922.09% -1302.35% -2698.2%
Income Tax $699.0K $542.0K $1.153M
% Of Pretax Income
Net Earnings -$12.92M -$13.48M -$87.20M
YoY Change -3083.6% -1352.71% -2733.02%
Net Earnings / Revenue -25.87% -34.06% -54.72%
Basic Earnings Per Share -$0.15 -$1.34
Diluted Earnings Per Share -$0.15 -$0.16 -$1.26
COMMON SHARES
Basic Shares Outstanding 82.27M shares 82.27M shares 67.37M shares
Diluted Shares Outstanding 83.75M shares 67.37M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.30M $87.48M $87.48M
YoY Change 29093.6% 16556.51% 16556.51%
Cash & Equivalents $58.50M $78.84M $78.84M
Short-Term Investments $8.800M $8.639M $8.639M
Other Short-Term Assets $6.700M $4.321M $4.321M
YoY Change 13413.51% 18093.68% 18093.68%
Inventory
Prepaid Expenses
Receivables $80.77M $31.81M $31.81M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $159.3M $123.6M $123.6M
YoY Change 56752.62% 22417.01% 22417.17%
LONG-TERM ASSETS
Property, Plant & Equipment $12.28M $13.50M $13.50M
YoY Change 52.1%
Goodwill $82.15M $66.42M
YoY Change 0.0%
Intangibles $84.59M $57.37M
YoY Change -9.95%
Long-Term Investments
YoY Change
Other Assets $1.952M $2.057M $2.057M
YoY Change 29.53%
Total Long-Term Assets $183.1M $139.3M $139.3M
YoY Change -24.22% -42.32% -42.32%
TOTAL ASSETS
Total Short-Term Assets $159.3M $123.6M $123.6M
Total Long-Term Assets $183.1M $139.3M $139.3M
Total Assets $342.3M $263.0M $263.0M
YoY Change 41.53% 8.59% 8.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.02M $33.75M $33.75M
YoY Change 77205.48% 72.81% 15853.2%
Accrued Expenses $19.80M $9.442M $9.442M
YoY Change 4363.29%
Deferred Revenue $6.594M $5.828M
YoY Change -9.64%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.500M $7.586M $7.586M
YoY Change -31.43%
Total Short-Term Liabilities $109.1M $60.23M $60.23M
YoY Change 113877.75% 28371.55% 28371.28%
LONG-TERM LIABILITIES
Long-Term Debt $142.1M $127.0M $127.0M
YoY Change
Other Long-Term Liabilities $2.568M $18.22M $18.22M
YoY Change -83.11% 15.42% 15.42%
Total Long-Term Liabilities $2.568M $145.3M $145.3M
YoY Change -83.11% 820.24% 820.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.1M $60.23M $60.23M
Total Long-Term Liabilities $2.568M $145.3M $145.3M
Total Liabilities $283.4M $206.1M $206.1M
YoY Change 1751.9% 1188.65% 1188.65%
SHAREHOLDERS EQUITY
Retained Earnings -$293.2M -$280.3M
YoY Change 1850.67% 1713.41%
Common Stock $8.000K $7.000K
YoY Change 16.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$26.71M $56.81M $56.81M
YoY Change
Total Liabilities & Shareholders Equity $342.3M $263.0M $263.0M
YoY Change 41.53% 8.59% 8.59%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$12.92M -$13.48M -$87.20M
YoY Change -3083.6% -1352.71% -2733.02%
Depreciation, Depletion And Amortization $3.386M $2.945M $11.49M
YoY Change 20.2% -10.63%
Cash From Operating Activities -$9.979M -$10.48M -$11.17M
YoY Change 3286.44% 8679.02% 1544.66%
INVESTING ACTIVITIES
Capital Expenditures $1.968M $1.930M $7.345M
YoY Change
Acquisitions $18.30M $0.00
YoY Change
Other Investing Activities -$18.48M $239.0K -$155.0K
YoY Change -99.94%
Cash From Investing Activities -$20.45M -$1.691M -$7.500M
YoY Change -96.89%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $157.9M
YoY Change
Debt Paid & Issued, Net $2.063M $45.34M
YoY Change 1499.22%
Cash From Financing Activities $10.10M -14.08M 82.49M
YoY Change -66.01%
NET CHANGE
Cash From Operating Activities -$9.979M -10.48M -11.17M
Cash From Investing Activities -$20.45M -1.691M -7.500M
Cash From Financing Activities $10.10M -14.08M 82.49M
Net Change In Cash -$20.34M -26.24M 63.82M
YoY Change 6802.18% 21891.96% 12074.65%
FREE CASH FLOW
Cash From Operating Activities -$9.979M -$10.48M -$11.17M
Capital Expenditures $1.968M $1.930M $7.345M
Free Cash Flow -$11.95M -$12.41M -$18.51M
YoY Change

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CY2022 us-gaap Nature Of Operations
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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 the “Company,” “us,” “we” and “our” in these consolidated financial statements. The Company is a leading travel technology company and marketplace with a portfolio of globally recognized brands in the leisure and corporate travel sectors. The Company 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 solutions, combined with the Company’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, the Company 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;padding-left:0.18pt;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 (“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 Mondee, with Mondee surviving such merger as a wholly owned subsidiary of the Company (the “First Merger,” and the time at which the First Merger became effective, the “First Effective Time”), and immediately following the First Merger, Mondee merged with and into Second Merger Sub, with Second Merger Sub surviving such merger as a wholly owned subsidiary of the Company (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 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 Class A common stock, par value $0.0001 per share, of the Company (the "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">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 warrants of ITHAX representing the right to purchase one Class A ordinary share were adjusted to represent the right to purchase one share of the 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"> 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 shares of the 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 outstanding ITHAX Class A (after redemptions) and Class B ordinary shares were cancelled and converted into shares of the 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">The unvested Incentive Stock Units of Mondee Holdings LLC (the "Mondee Stockholder") 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 the Mondee Stockholder 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 Company 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 shares of the Company Class A Common Stock 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 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”).</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 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-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 Consolidated Financial Statements assuming that the Company will continue as a going concern. As of December 31, 2022, current liabilities are $56,995 and current assets are $119,680, of which $78,841 is unrestricted cash. The Company has an unused line of credit of $15,000. The Company is required to make debt repayments aggregating to $7,586 in the next twelve months from the date of issuance of the consolidated financial statements. The Company believes that it will be able to make such specified debt repayments when the balance is due. There is no substantial doubt about the Company's ability to continue as a going concern. </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%">The COVID-19 pandemic, and measures to contain the virus, had an unprecedented impact on the global travel industry and materially and negatively impacted our business, financial results and financial condition. With the evolution of milder COVID-19 variants, availability of multiple vaccine booster doses and increasing familiarity with the virus, many COVID-19 related travel restrictions have been lifted, and countries around the world reopened their borders for foreign travel. 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>
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CY2022Q4 us-gaap Liabilities Current
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<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 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 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 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, warrant liabilities, earn-outs issued in connection with the business combination, income taxes, impairment of goodwill and indefinite life intangibles, capitalization of software development costs, and other contingencies.</span></div>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.
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15506000 usd
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78841000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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15506000 usd
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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18121000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
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26654000 usd
CY2021 us-gaap Interest Expense
InterestExpense
23683000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
18622000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
16595000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6563000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2361000 usd
CY2022 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Consecutive Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdConsecutiveTradingDays
P20D
CY2022 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Trading Days
ShareBasedCompensationArrangementByShareBasedPaymentAwardThresholdTradingDays
P30D
CY2022Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
1754000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
512000 usd
CY2022 mond Defined Benefit Plan Net Periodic Benefit Cost Credit Interest Cost Statement Of Income Or Comprehensive Income Extensible List Not Disclosed Flag
DefinedBenefitPlanNetPeriodicBenefitCostCreditInterestCostStatementOfIncomeOrComprehensiveIncomeExtensibleListNotDisclosedFlag
consolidated financial statements
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
500000 usd
CY2022 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 accounts receivable and contract assets. As of December 31, 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. On March 10, 2023, Silicon Valley Bank (“SVB”), based in Santa Clara, California, was closed by the California Department of Financial Protection and Innovation, which appointed the FDIC as the receiver. At the time of closing, the Company had a total cash balance of $250 held in the deposit accounts at SVB. On March 12, 2023, the U.S. Department of the Treasury, Federal Reserve Board, and FDIC released a joint statement announcing that the FDIC will complete its resolution of SVB in a manner that fully protects all depositors at SVB and that depositors will have access to all of their money starting March 13, 2023, thus enabling the Company to access all of its $250 held in the deposit.The Company believes that the remaining 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>
CY2022 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">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 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 Company 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>
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-186000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-90111000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-38582000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2416000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
0 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Change in financial statement presentation</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the preparation of its consolidated financial statements as of and for the years ended December 31, 2022 and 2021, the Company changed the presentation of “Sales and other Expense” and “Marketing Expense” within the Consolidated </span></div>Statement of Operations. The Company changed the presentation by combining “Sales and other Expense” and “Marketing Expense” into “Sales and Marketing Expense”. The change is a result of an increased overlap between the nature and purpose of expenses that fall within these groups. This change in presentation has been applied retrospectively and does not change any previously reported subtotals or totals on the Consolidated Statement of Operations and Comprehensive Loss.
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
mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
9000000 shares
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
194000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
169000 usd
mond Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
1100000 shares
CY2022Q4 mond Share Based Payment Arrangement Derivative Instrument Contingent Consideration Liability Costs Not Yet Recognized Amount
ShareBasedPaymentArrangementDerivativeInstrumentContingentConsiderationLiabilityCostsNotYetRecognizedAmount
5007000 usd
CY2022 mond Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
62191000 usd
CY2022Q3 mond Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
8548000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
70000000 usd
CY2022Q3 mond Payments Of Reverse Recapitalization Transaction Costs And Underwriting Fees
PaymentsOfReverseRecapitalizationTransactionCostsAndUnderwritingFees
7357000 usd
CY2022Q3 mond Payments Of Reverse Recapitalization Transaction Costs And Advisory Fees
PaymentsOfReverseRecapitalizationTransactionCostsAndAdvisoryFees
9000000 usd
CY2022Q3 mond Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
62191000 usd
mond Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
7347000 usd
CY2022Q4 mond Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
54844000 usd
CY2022Q4 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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3105000 usd
CY2022Q4 mond Reverse Recapitalization Transactions Costs Paid And Accrued
ReverseRecapitalizationTransactionsCostsPaidAndAccrued
3274000 usd
CY2022Q4 mond Reverse Recapitalization Net
ReverseRecapitalizationNet
48465000 usd
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
74747218 shares
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7000000 shares
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
CommonStockSharesOutstanding
74747218 shares
CY2022Q3 mond Additional Paid In Capital Reverse Recapitalization Transaction Costs
AdditionalPaidInCapitalReverseRecapitalizationTransactionCosts
28360000 usd
CY2022Q3 mond Additional Paid In Capital Reverse Recapitalization Transaction Costs
AdditionalPaidInCapitalReverseRecapitalizationTransactionCosts
28360000 usd
CY2022 mond Payments Of Reverse Recapitalization Transaction Costs Including Underwriting And Advisory Fees
PaymentsOfReverseRecapitalizationTransactionCostsIncludingUnderwritingAndAdvisoryFees
23704000 usd
CY2022Q3 mond Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
60800000 shares
CY2022Q3 mond Ownership Percentage Held By Individual
OwnershipPercentageHeldByIndividual
0.83
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1507500 shares
CY2022Q3 mond Class Of Warrant Or Right Redemption Price Of Warrants Or Rights
ClassOfWarrantOrRightRedemptionPriceOfWarrantsOrRights
0.01
CY2022Q3 mond Threshold Number Of Business Days Before Sending Notice Of Redemption To Warrant Holders
ThresholdNumberOfBusinessDaysBeforeSendingNoticeOfRedemptionToWarrantHolders
30 d
CY2022Q3 us-gaap Conversion Of Stock Shares Converted1
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105000 shares
mond Stock Issued During Period Shares Warrants Exercised
StockIssuedDuringPeriodSharesWarrantsExercised
118942 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
us-gaap Proceeds From Warrant Exercises
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1368000 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
12293543 shares
CY2022Q3 mond Class Of Warrant Or Right Number Of Securities Tendered
ClassOfWarrantOrRightNumberOfSecuritiesTendered
10741390 shares
CY2022Q3 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
7481000 usd
CY2022Q3 mond Incremental Direct Cost For Repurchase Of Warrants
IncrementalDirectCostForRepurchaseOfWarrants
486000 usd
CY2022 mond Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleListNotDisclosedFlag
Change in the estimated fair value of warrants
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37648000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
30234000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
26316000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21360000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11332000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8874000 usd
CY2022 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
7437000 usd
CY2021 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
4600000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
66420000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
66420000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12028000 usd
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
12028000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
45342000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51680000 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
62436000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
53220000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
47827000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
35611000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
14609000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
66420000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q4 us-gaap Goodwill
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66420000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q4 us-gaap Goodwill
Goodwill
66420000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
91107000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45765000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
45342000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
91107000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39427000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51680000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6338000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7882000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6338000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6337000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6163000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5815000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5815000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
14874000 usd
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45342000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
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17609000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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14314000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
16533000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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0 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1588000 usd
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DeferredTaxLiabilitiesLeasingArrangements
365000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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0 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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3314000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
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4834000 usd
CY2022Q4 us-gaap Provision For Loss On Contracts
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377000 usd
CY2021Q4 us-gaap Provision For Loss On Contracts
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3176000 usd
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EmployeeRelatedLiabilitiesCurrent
1374000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1427000 usd
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3458000 usd
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
296000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
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0 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
597000 usd
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796000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
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CY2021Q4 us-gaap Other Liabilities Current
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24000 usd
CY2022Q4 mond Accrued Liabilities And Other Liabilities Current
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9319000 usd
CY2021Q4 mond Accrued Liabilities And Other Liabilities Current
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10354000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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2009000 usd
CY2021Q4 us-gaap-supplement Investment Interest Rate Paid In Kind
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
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18386000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
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13923000 usd
CY2022Q4 us-gaap Long Term Debt
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134396000 usd
CY2021Q4 us-gaap Long Term Debt
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173233000 usd
CY2022Q4 us-gaap Long Term Debt Current
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7514000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11063000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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126882000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
162170000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
10903000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
6587000 usd
CY2022 us-gaap Paid In Kind Interest
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9036000 usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
14582000 usd
CY2022 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
152000 usd
CY2021 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
153000 usd
CY2022 us-gaap Amortization Of Financing Costs
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6563000 usd
CY2022 us-gaap Number Of Reportable Segments
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2 segment
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
159484000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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93194000 usd
CY2020Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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5355000 usd
CY2020Q4 us-gaap Contract With Customer Asset Net
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4420000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
23404000 usd
CY2021 mond Increase Decrease In Contract With Customer Receivable
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CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
485000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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2666000 usd
CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
10178000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
3935000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20738000 usd
CY2022 mond Increase Decrease In Contract With Customer Receivable
IncreaseDecreaseInContractWithCustomerReceivable
-11555000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1859000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
254000 usd
CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
21733000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
5794000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20484000 usd
CY2022 mond Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
4047000 usd
CY2021 mond Contract With Customer Liability Revenue Recognized Excluding Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedExcludingOpeningBalance
2981000 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
2697000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-90611000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-38396000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
109000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
455000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
121000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
564000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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274000 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
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4380000 usd
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
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627000 usd
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2022 mond Effective Income Tax Rate Reconciliation Transaction Costs Percent
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CY2022 mond Effective Income Tax Rate Reconciliation Ppp Loan Forgiveness Percent
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CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2021 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
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CY2022 us-gaap Defined Benefit Plan Service Cost
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CY2021 us-gaap Defined Benefit Plan Service Cost
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CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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46000 usd
CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2021 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
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562000 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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CY2021Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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552000 usd
CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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432000 usd
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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CY2022 us-gaap Defined Benefit Plan Service Cost
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CY2021 us-gaap Defined Benefit Plan Service Cost
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CY2022 us-gaap Defined Benefit Plan Interest Cost
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CY2021 us-gaap Defined Benefit Plan Interest Cost
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CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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46000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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312000 usd
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2021 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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46000 usd
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
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CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
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CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
10000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
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21000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
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18000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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33000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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46000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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463000 usd
CY2022Q4 us-gaap Defined Benefit Pension Plan Current And Noncurrent Liabilities
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CY2022 us-gaap Revenue Not From Contract With Customer
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CY2022 us-gaap Revenues
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CY2022 mond Business Combination Earn Out Condition Adjusted Earnings Target
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CY2022 us-gaap Depreciation And Amortization
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Restructuring Charges
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CY2021 mond Business Combination Earn Out Condition Adjusted Earnings Target
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Revenues
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CY2022Q4 us-gaap Noncurrent Assets
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CY2021Q4 us-gaap Common Stock Shares Authorized
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CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2022Q3 mond Share Based Compensation Arrangement By Share Based Payment Award Threshold Consecutive Trading Days
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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 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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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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-38905000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67368620 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67368620 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60800000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60800000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.64
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9212500 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 mond Stock Converted Reverse Recapitalization
StockConvertedReverseRecapitalization
60800000 shares

Files In Submission

Name View Source Status
0001828852-23-000033-index-headers.html Edgar Link pending
0001828852-23-000033-index.html Edgar Link pending
0001828852-23-000033.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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mond-20221231.htm Edgar Link pending
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