Mondee Sees FY23 Net Revenue Of About $210M Vs. $244.96M Est., Adj. EBITDA Of Around $25M
Portfolio Pulse from Benzinga Newsdesk
Mondee forecasts its FY23 net revenue to be approximately $210 million, which is below the estimated $244.96 million. The company also expects its adjusted EBITDA to be around $25 million for the same period.
November 14, 2023 | 12:12 pm
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Mondee anticipates lower-than-expected FY23 net revenue at about $210M compared to the $244.96M estimate and expects adjusted EBITDA of $25M.
The projected revenue shortfall for Mondee is significant and is likely to negatively impact investor sentiment and the stock price in the short term. The miss on revenue estimates can often lead to a decrease in stock price as it reflects potential challenges in the company's business operations or market conditions.
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