---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-091039"
form_type: "8-K"
ticker: null
cik: "0001620179"
company_name: "Exela Technologies, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:20:03.782631+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Exela Q2 revenue up 2.3% to $272.9M, net loss narrows; Nasdaq non-compliance for late 10-Q

## Summary
- Revenue $272.9M (+2.3% YoY); Healthcare Solutions $63.6M (+12.8%), Legal & Loss Prevention $24.3M (+19.5%).
- Net loss $30.9M vs $79.2M in Q2 2022; operating income $11.2M vs loss $20.9M.
- Adjusted EBITDA $40.9M (+12.1% YoY), margin 15.0% (+130 bps).
- Long-term liability reduced to $792M from $1.608B; $106.2M in new TCV wins.
- Received Nasdaq non-compliance notice for failure to file Q2 10-Q; 60 days to submit compliance plan.

## SEC filing metadata
- accession: 0001104659-23-091039
- form_type: 8-K
- cik: 0001620179
- company_name: Exela Technologies, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620179/000110465923091039/0001104659-23-091039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620179/000110465923091039/tm2323663d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-091039
- JSON: https://secwatch.observer/filing/0001104659-23-091039.json
- Plain text: https://secwatch.observer/filing/0001104659-23-091039.txt

## Key facts
- Earnings Releases
  Exela Technologies, Inc. reported second quarter ended June 30, 2023 results: revenue $272.9 million, net income Net loss of $30.9 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $272.9 million
  - Net income: Net loss of $30.9 million
  - Result: preliminary results
  source text: 2 tm2323663d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Exela Technologies, Inc. Reports Preliminary Second Quarter 2023 Results Preliminary Second Quarter Highlights ● Revenue of $272.9 million, up 2.3% year-over-year (up 2.5% on a constant currency basis) ● Net loss of $30.9 million ● Gross profit (1) of $60.9 million, up 23.0% or $11.4 million year-over-year, with
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465923091039/0001104659-23-091039-index.htm
- Listing & Compliance Notices
  Exela Technologies, Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: late filing
  - Rules: 5250(c)(1)
  source text: August 11, 2023, the Company received a notice of non-compliance from Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (the “Form 10-Q”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires listed companies to timely file all periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain comp
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465923091039/0001104659-23-091039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.