Exela Technologies, Inc. Common Stock

XELA

Market cap $7.32M

IRVING, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the second quarter 2024 at 4:30 p.m. ET on August 28, 2024.

Second Quarter Highlights Revenue of $245.7 million, down 10.0% year-over-year Gross margin of 23.5%, up 120 bps year-over-year Interest expense of $23.1 million, down 48.7% year-over-year SG&A of $41.8 million, up 30.5% year-over-year Operating loss of $2.4 million, vs $11.2 million operating profit, year-over-year Net loss of $26.9 million ($25.7 million attributable to Exela Technologies, Inc.), an improvement of $4.0 million year-over-year Adjusted EBITDA of $13.7 million, down 39.0% year-over-year IRVING, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today its financial results for the quarter ended June 30, 2024. “Our increased operating leverage and continued focus on cost management and rationalization of our real estate footprint are reflected in the solid expansion of our gross margin.

IRVING, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), business processing automation (“BPA”), announced today its recognition as one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized America's Greatest Workplaces in the United States. Notably, Exela achieved a perfect 5-star rating in both Diversity and Mental Wellbeing categories.

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Exela Technologies (NASDAQ: XELA ) stock is on the move Monday after the digital business process services company announced plans for a spinoff of its business process automation (BPA) business. Exela Technologies' board of directors has authorized the spinoff of its BPA business to shareholders of XELA stock.

IRVING, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation leader, today announced that its Board of Directors (the “Board”) has authorized Exela to consider a spin-off of its wholly-owned subsidiary, Exela Technologies BPA, LLC, to Exela stockholders to maximize shareholder value.

IRVING, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, today announced a contract win valued at over $35 million. The short-term strategic contract in security breach remediation began in June and is expected to conclude next month. The project will be accretive to the Company's ITPS segment which had revenue of $732 million in 2023. This is an example of the Exela's ability to quickly scale capacity and deliver customer remediation solutions.

IRVING, Texas, June 12, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the “Meeting”). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2024 on Thursday, June 13, at 10:00 AM CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote (i) “FOR” each director nominee, (ii) for future advisory votes on executive compensation to occur every “1 Year” and (iii) “FOR” all other proposals.

IRVING, Texas, June 04, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the "Meeting"). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2024 on Thursday, June 13, at 10:00 AM CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote (i) "FOR" each director nominee, (ii) for future advisory votes on executive compensation to occur every “1 Year” and (iii) “FOR” all other proposals.