Exela Technologies Inc (OTCPK:XELA)
$ 0.6503 -0.0897 (-12.12%) Market Cap: 18.05 Mil Enterprise Value: 1.10 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 31/100
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Q3 2024 Exela Technologies Inc Earnings Call Transcript

Nov 29, 2024 / 09:30 PM GMT
Release Date Price: $1.32 (+0.76%)

Key Points

Positve
  • 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.
Negative
  • 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, although this was an improvement of $2 million sequentially.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

XELA.PK - Exela Technologies Inc
Q3 2024 Exela Technologies Inc Earnings Call
Nov 29, 2024 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the acceleration third quarter call.

All participants will be in listen-only mode.

You need assistance, please signal a conference specialist.

After today's presentation, there will be an opportunity to ask questions to ask a question.

To withdraw your question, please press star and then to Please note, this event is being recorded.

I would now like to turn the conference over to David.

Seamus.

Thank you, operator, and good afternoon.

Welcome to our earnings call to discuss our third quarter results for the period ended September 30th, 2024.

Patient has been posted to the IR section of our website.

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