secwatch.observer — SEC 8-K summary
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Issuer:     Exela Technologies, Inc. (—)
CIK:        0001620179
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001104659-23-091039
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620179/000110465923091039/0001104659-23-091039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620179/000110465923091039/tm2323663d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-091039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer