This update of Mondo looks like it could actually be a Gecko that Playmates packaged and hoped nobody would notice.
The look of a skateboarder has changed since the last time Mondo Gecko had a skating figure (don't forget he had a hippie rock n roll look in the early 90s too) and this update to the character has followed suit. His board lacks any sort of branding or detail and reminds us of those Muppet Babies figures that were released by McDonald's in the 80s. Playmates probably didn't do this to cut corners, it was most likely to allow for fans to customize the board as they saw fit.
This guy is really fun to pose and give him random accessories - right now he's displayed with the discman that came with the Austin Powers 2 Scott Evil figure, that paired with some nunchucks from Mikey.