XBP Europe FY24 revenue $142.8M (-8% YoY); operating profit up to $3.5M; signs LOI for Exela BPA

XBP Global Holdings, Inc.

Full-year revenue $142.8M, down 8.0% YoY; gross margin improved 110 bps to 26.8%.
Operating profit $3.5M, up $2.4M YoY; net loss from continuing ops $6.5M vs $5.6M in 2023.
Adjusted EBITDA $13.4M (-15.1% YoY); capex 1.2% of revenue, cash $12.1M at year-end.
Signed non-binding LOI to acquire Exela Technologies BPA, LLC; pro forma revenue >$1B.
Q4 revenue $35.6M; gross margin 28.3%; operating profit $1.0M; net loss $2.7M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.