VinFast and Mondee: Financial Figures and Buyback Highlights
- September 22nd, 2023
- 527 views
VinFast Auto Ltd. (Nasdaq: VFS) reported Q2 2023 revenues of $334.1 million, marking a 131.2% increase from Q2 2022 and a substantial 303.3% surge from Q1 2023. The company's net quarterly loss was $526.7 million, showing an improvement by decreasing 8.2% year-over-year and 11.2% quarter-over-quarter.
$VFS was at $15.52 in after-hours, down $0.23 (-1.46%).
In other news, shares of Mondee Holdings, Inc. (Nasdaq: MOND) surged over 4% in after-hours trading following the company's announcement of an inaugural up to $30 million share buyback program. This initiative is not subject to any self-imposed company trading restrictions or blackout periods and has no set expiration date. Repurchases under the program may occur through open market transactions, privately negotiated deals, or other means.
$MOND was trading at $3.62, reflecting an increase of $0.14 (+4.02%) in the extended session
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