secwatch.observer — SEC 8-K summary
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Issuer:     Exela Technologies, Inc. (—)
CIK:        0001620179
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001104659-24-043403
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620179/000110465924043403/0001104659-24-043403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620179/000110465924043403/tm2411057d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-043403

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