EXELA TECHNOLOGIES INC. overview

IRVING, Texas, April 15, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ:XELA, XELAP), a global business process automation (“BPA”) leader, will host a conference call with the financial community to discuss results for the fourth quarter and full year 2023 at 4:30 p.m. ET on April 17, 2024. Hosting the call and reviewing the results will be Par Chadha, Executive Chairman, and Matt Brown, Interim Chief Financial Officer. The conference call will...

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 impairments in 2023 versus 2022 Net loss of $124.4 million ($125.1 attributable to Exela Technologies Inc), an improvement of $291.4 million year-over-year Certain of the Company’s subsidiaries issued approximately $764.8 million of aggregate principal amount of new notes in exchange for...

Full Year Highlights 2023 revenue of $166.6 million, down 7.7% year-over-year (8.4% on a constant currency basis) Net loss of $11.0 million includes restructuring charges of $6.7 million and transaction fees of $3.0 million High margin Technology segment grows year-over-year to 27% of total revenue in 2023 compared to 24% in 2022 Gross margin at 23%, which is inclusive of the restructuring charges Won a ~$48 million TCV contract in 2023, the largest contract win of the past five years Won ~$58...

IRVING, Texas, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA; XELAP), a business process automation leader, today announced that it adjourned the Annual Meeting of Stockholders held on January 26, 2024 (the "Meeting"). The Meeting will reconvene on June 13, 2024 at 11:00 AM ET/10:00 a.m. Central Time. Due to lack of required quorum, the Meeting was adjourned, without any business being conducted, to allow additional time for the...

IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai . This step follows the successful expansion of FAO services more than a year ago, which was well received by customers, resulting in many new logos and industry accolades. Reaktr.ai is another example of Exela addressing a rapidly changing industry...

IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai . This step follows the successful expansion of FAO services more than a year ago, which was well received by customers, resulting in many new logos and industry accolades. Reaktr.ai is another example of Exela addressing a rapidly changing industry...

IRVING, Texas, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today that the Company has been recognized as a Disruptor in the Avasant Talent Acquisition Business Process Transformation 2023–2024 RadarView. Describing the current market outlook for talent management, Shabnum Grewal, Partner at Avasant Research, said, “Global phenomena, such as a prolonged,...

LONDON and NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- XBP Europe (“XBP” or the “Company”) (NASDAQ: XBP and XBPEW), today announced that the company will celebrate its recent public listing on the Nasdaq Stock Exchange by ringing the opening bell on Friday, January 5, 2024. The event will be livestreamed beginning at 9:15 ET here . On November 29, 2023, XBP Europe announced the completion of the business combination with CF Acquisition Corp VIII. XBP Europe will cater to the European...