Exela reports FY 2023 revenue $1.06B (-1.2% YoY); net loss narrows to $124.4M

Exela Technologies, Inc.

2024-Q1 EPS reported -$4.27 revenue$258,811,000

Revenue $1,064.1M down 1.2% YoY; ITPS $732.3M (-4.3%), Healthcare $251.4M (+5.0%), Legal $80.4M (+10.6%).
Operating profit $8.0M vs loss $228.8M in 2022; net loss $124.4M improves $291.4M from $415.6M.
Adjusted EBITDA $60.0M (5.6% margin) vs $56.8M (5.3%) in 2022; capex 1.1% of revenue.
Subsidiaries issued ~$764.8M new notes for $956.0M 2026 notes; entered cybersecurity, cloud, and data modernization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Exela Technologies, Inc. reported full year ended December 31, 2023 results: revenue $1,064.1 million, net income Net loss of $124.4 million ($125.1 attributable to Exela Technologies Inc).

Period: full year ended December 31, 2023
Revenue: $1,064.1 million
Net income: Net loss of $124.4 million ($125.1 attributable to Exela Technologies Inc)
Result: reported results

Exact text from the filing

99.1) --- EX-99.1 2 tm2411057d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Exela Technologies Holdings, Inc. Reports Full Year 2023 Results Full Year Highlights · 2023 revenue of $1,064.1 million, down 1.2% year-over-year · Gross margin of 21.7% in 2023 vs 18.5% in 2022 · Operating profit of $8.1 million, up $236.8 million due to increased gross margin, lower SG&A and no

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Source: SEC EDGAR

accession 0001104659-24-043403

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