STOCK TITAN

Exela Technologies Inc - XELA STOCK NEWS

Welcome to our dedicated page for Exela Technologies news (Ticker: XELA), a resource for investors and traders seeking the latest updates and insights on Exela Technologies stock.

Overview

Exela Technologies Inc is a globally recognized business process automation company that delivers digital transformation solutions through a proprietary suite of automation modules. Operating with decades of mission-critical process experience, Exela serves a comprehensive roster of enterprise clients, including a significant portion of the world’s largest organizations. Its core competencies are built around information management, workflow automation, and integrated communications, which together enable sophisticated, end-to-end digital journeys for diverse market segments.

Core Business Solutions

At the heart of Exela’s operations is its ability to streamline complex business processes. The company leverages cloud-enabled platforms and configurable stacks of automation modules to deliver tailored departmental and industry-specific solution suites. These solutions address critical functions in finance and accounting, human capital management, legal management, as well as specialized applications for banking, healthcare, insurance, and public sector organizations. By focusing on enhancing quality and productivity, Exela transforms operational workflows, allowing customers to achieve significant efficiency improvements.

Technology and Methodology

Exela’s technology infrastructure is underpinned by advanced software platforms that seamlessly integrate key functionalities. Its use of proprietary technology for information management and automated communications ensures that digital transformation initiatives are both robust and scalable. The company continuously invests in modernizing its automation modules, creating a dynamic ecosystem that adapts to evolving business requirements. This careful integration of technology with operational excellence forms the basis of Exela’s enduring value proposition.

Global Reach and Market Position

With an expansive global footprint, Exela operates across multiple continents, delivering solutions to thousands of customers in over 50 countries. Its deep engagement with a diverse client base, including more than 60% of the Fortune® 100 companies, underscores its unique positioning within the competitive landscape. Exela has established itself as a trusted partner by consistently deploying integrated technology and operational solutions that drive productivity and reduce complexity for major enterprises worldwide.

Operational Excellence and Strategic Initiatives

Exela’s approach centers on operational efficiency, cost management and scalable deployments. The company emphasizes the rationalization of its processes and real estate footprint to continuously improve its operating margins. Through integrated technology platforms and consulting expertise, Exela has built a strategy that enables rapid deployment of digital solutions while ensuring sustained quality and reliability. This disciplined focus on efficiency is a key differentiator in a market that demands high adaptability and precision.

Industry Expertise and Customer Focus

With its deep roots in business process automation, Exela combines extensive industry knowledge with a commitment to superior customer service. Its solutions are crafted to address the unique challenges of various verticals including finance, healthcare, legal, and public sectors. The company has built an ecosystem that not only supports operational excellence but also drives continuous improvements in service delivery, making it a vital technology partner for customers seeking to navigate the complexities of digital transformation.

Conclusion

Exela Technologies stands out with its comprehensive suite of digital transformation solutions that bridge the gap between operational complexity and streamlined efficiency. Through its global reach, advanced automation platforms, and unwavering focus on building reliable, scalable systems, Exela continues to be a pivotal player in the realms of business process automation and enterprise digital transformation.

Rhea-AI Summary

Exela Technologies (NASDAQ: XELA) has announced a significant expansion of its PCH Global platform, increasing its provider network by over 100%. The deployment now encompasses over 35,000 healthcare providers and hospital systems, enhancing digital transformation for a major US health insurance company's TPA division. This move aims to streamline healthcare claims processing, reduce administrative costs, and improve payment transparency. The expansion is part of Exela's strategy to migrate healthcare relationships to its cloud network, ensuring scalability and improved data analytics.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
none
-
Rhea-AI Summary

Exela Technologies reported Q1 2021 revenue of $300.1 million, down 17.9% year-over-year, with an operating income of $4.3 million. Despite a net loss of $39.2 million, adjusted EBITDA rose 4.7% to $46.5 million. The company is pleased with operational improvements and strong growth in its SMB business, with DMR customers and DrySign users increasing by 117% and 170% respectively. Exela maintains its 2021 guidance, projecting revenues between $1.25 to $1.39 billion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
Tags
none
-
Rhea-AI Summary

Exela Technologies (NASDAQ:XELA) will host a conference call on May 4, 2021, at 11:00 a.m. ET to discuss its first quarter 2021 results. CEO Ron Cogburn and CFO Shrikant Sortur will lead the call, which will include a question-and-answer session. A press release detailing the results will be issued prior to the call. For those unable to attend, a replay will be available until May 11, 2021. Exela, a leader in business process automation, serves over 4,000 customers globally, enhancing quality and productivity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.33%
Tags
conferences earnings
Rhea-AI Summary

Exela Technologies reported its preliminary financial results for Q4 and FY 2020, achieving revenue of $314.1 million in Q4, down 20.2% year-over-year, with a net loss of $88.9 million. Full-year revenue was $1.29 billion, a 17.3% decline, with improved operating loss of $16.4 million compared to $321.2 million in 2019. Exela is focusing on cost savings of $174 million and anticipates a liquidity boost of $26.8 million. The company added $182 million in Annual Contract Value (ACV) and projects revenue between $1.25 billion and $1.39 billion for 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.21%
Tags
none
-
Rhea-AI Summary

Exela Technologies has entered into agreements with institutional investors for the purchase of 9,731,819 shares of common stock at $2.75 each, along with warrants for the same number of shares at an exercise price of $4.00. The offering is set to raise approximately $26.8 million before expenses and is expected to close around March 18, 2021. Exela will file a resale registration statement with the SEC by May 3, 2021, to register the shares and warrants. The securities offered are unregistered, and this will not constitute a public offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.21%
Tags
none
-
Rhea-AI Summary

Exela Technologies has launched a 10-year, $90 million venture utilizing its PCH Global platform to enhance digital transformation for a major US health insurance company. This marks Exela's debut in the healthcare sector, enabling large-scale deployment of its digital exchange platform for processing complex health insurance claims. The partnership builds on over $28 million in revenue in 2020, with an aim to migrate existing healthcare relationships to its cloud network, improving scalability and analytics.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
179.39%
Tags
none
Rhea-AI Summary

On February 24, 2021, Exela Technologies (NASDAQ: XELA) announced its participation in a fireside chat at 11:00 a.m. ET, hosted by Cowen analyst Bryan Bergin. Key executives, including Chairman Par Chadha and CEO Ron Cogburn, will discuss Exela’s Bill and Payments Exchange (XBP). An archived version of the chat and presentation slides will be available on the Company’s website for a limited time. Exela, a leader in business process automation, serves over 4,000 customers in 50 countries, including a substantial number of Fortune 100 companies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.36%
Tags
conferences
-
Rhea-AI Summary

Exela Technologies (NASDAQ: XELA) has launched the IntelliScan Raptor scanner, a high-speed scanning solution capable of processing up to 240 pages per minute. The Raptor is designed for mid to high volume document handling, making it suitable for various sectors including banking and healthcare. It combines affordability, superior image quality, and flexible paper handling. Manufactured in the US and Asia, Exela plans to support the Raptor through its global service organizations and reseller partners, enhancing its document digitization offerings.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
none
-
Rhea-AI Summary

Exela Technologies, Inc. (NASDAQ: XELA) announced on February 10, 2021, that it has regained compliance with the minimum bid price requirement set by Nasdaq, following a letter received on February 9, 2021. This compliance is crucial for maintaining its listing on the exchange. Exela, a leader in business process automation, serves over 4,000 clients in 50 countries, providing integrated technology and operations solutions across various industries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.74%
Tags
none
News
Rhea-AI Summary

Exela Technologies (NASDAQ: XELA) received an extension from the Nasdaq Hearings Panel to meet the $1.00 bid price requirement for continued listing. The Company must maintain a closing bid price of at least $1.00 for ten consecutive business days by February 8, 2021. Exela faced a compliance issue and requested a hearing, which resulted in the extension. CEO Ronald Cogburn expressed optimism about the Company’s progress and initiatives, including partnerships with Mastercard/Vocalink and new customer acquisitions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
Tags
none

FAQ

What is the current stock price of Exela Technologies (XELA)?

The current stock price of Exela Technologies (XELA) is $0.46035 as of April 1, 2025.

What is the market cap of Exela Technologies (XELA)?

The market cap of Exela Technologies (XELA) is approximately 7.3M.

What does Exela Technologies primarily do?

Exela Technologies specializes in business process automation and digital transformation, utilizing a suite of proprietary technology to streamline mission-critical processes for global enterprises.

Which industries benefit from Exela's solutions?

Exela caters to various sectors including finance, accounting, human capital management, legal services, banking, healthcare, insurance, and public sector operations.

How does Exela generate revenue?

The company generates revenue by deploying integrated software platforms and tailored digital transformation solutions that address complex business processes and operational challenges.

What makes Exela's technology unique?

Exela's technology is built on a cloud-enabled, configurable stack of automation modules that integrate information management, workflow automation, and integrated communications for seamless digital operations.

How does Exela improve operational efficiency?

Exela enhances operational efficiency by streamlining workflows and automating critical business processes, which reduces complexity and drives productivity improvements for its customers.

What is the global reach of Exela Technologies?

Exela operates across multiple continents, serving thousands of customers in over 50 countries, and maintains a robust presence among many of the world's largest enterprises.

How does Exela maintain its market position?

By continually investing in advanced automation technology and focusing on operational efficiency, Exela remains a trusted partner for enterprises, delivering scalable and integrated digital transformation solutions.

How does Exela address cost management?

Exela emphasizes cost management through strategic process rationalization and efficient deployment of automation platforms, which helps in optimizing operating margins and reducing expenses.
Exela Technologies Inc

Nasdaq:XELA

XELA Rankings

XELA Stock Data

7.32M
10.89M
23.68%
37.44%
12.26%
Software - Application
Services-business Services, Nec
Link
United States
IRVING