---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-043403"
form_type: "8-K"
ticker: null
cik: "0001620179"
company_name: "Exela Technologies, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:19:58.852547+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-043403
- form_type: 8-K
- cik: 0001620179
- company_name: Exela Technologies, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620179/000110465924043403/0001104659-24-043403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620179/000110465924043403/tm2411057d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-043403
- JSON: https://secwatch.observer/filing/0001104659-24-043403.json
- Plain text: https://secwatch.observer/filing/0001104659-24-043403.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620179/000110465924043403/0001104659-24-043403-index.htm

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