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Stock impact report

Exela Technologies Inc (XELA) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Challenges [Yahoo! Finance]

Exela Technologies, Inc. (XELA) 
Last exela technologies, inc. earnings: 5/9 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.exelatech.com/investor-relations
Company Research Source: Yahoo! Finance
Exela Technologies Inc ( XELA ) reported a slight year-over-year increase in revenue to $39.2 million. Information and transaction processing solutions saw a significant increase of 11.5% year over year. The company achieved a 6.7% sequential improvement in adjusted EBITDA. Exela Technologies Inc ( XELA ) renewed contracts worth over $113 million by the end of the quarter. The company added 81 new logos and identified approximately $40 million in new annual contract value (ACV) during the quarter. Healthcare solutions and Legal and Loss Prevention services experienced declines of 5.3% and 2.4% year over year, respectively. Margins in the Legal and Loss Prevention services were down approximately eight basis points. The company faced higher postage costs, impacting overall margins negatively. Exela Technologies Inc ( XELA ) was delisted from NASDAQ due to not meeting the $35 million market cap minimum requirement. The company reported a net loss of $24.9 million, alt Show less Read more
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