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EXELA TECHNOLOGIES INC - XELA STOCK NEWS

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Exela Technologies, Inc. (NASDAQ: XELA) is a global leader in business process automation (BPA), leveraging a vast global footprint and proprietary technology to provide digital transformation solutions. Exela's primary objective is to enhance quality, productivity, and end-user experience through its innovative services. The company has decades of experience in managing mission-critical processes and serves a diverse clientele of over 4,000 customers across 50 countries, including more than 60% of the Fortune 100.

Exela operates through multiple segments: Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal and Loss Prevention Services (LLPS). The ITPS segment generates the majority of the company's revenue, reflecting Exela’s strength in handling complex information and transaction processes.

Utilizing foundational technologies such as information management, workflow automation, and integrated communications, Exela offers a wide range of software and services. These include multi-industry departmental solution suites that address finance and accounting, human capital management, and legal management, along with industry-specific solutions for banking, healthcare, insurance, and public sectors.

Exela’s cloud-enabled platforms are built on a configurable stack of automation modules, enabling rapid deployment of integrated technology and operations as part of an end-to-end digital journey. The company employs approximately 17,500 individuals operating in 23 countries, ensuring a broad reach and efficient service delivery.

Recent achievements include launching a new Global Business Unit, Reaktr.ai, which focuses on cyber, large data, and generative AI. The goal is to address the rapidly changing industry demands and enhance operational efficiency and innovation for enterprise customers. Led by industry veteran Vineet Chaku, Reaktr.ai is expected to be a significant growth driver for Exela.

Financially, Exela has been working on stabilizing revenues and improving its balance sheet. The company has focused on cost management, leveraging automation, and making strategic investments in cyber security, data modernization, and cloud services. These efforts are aimed at positioning Exela for future growth and improving its overall financial health.

For the latest updates, news, and industry perspectives, visit Exela's investor relations website and follow them on social media:

For investor and media inquiries, contact Vincent Kondaveeti at vincent.kondaveeti@exelatech.com or Mary Beth Benjamin at IR@exelatech.com.

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Exela Technologies reminds its stockholders to vote ahead of the upcoming annual meeting on June 13, 2024, at 10:00 AM CT. The meeting, which will be held online, seeks approval for several key proposals. These include the election of directors, executive compensation, the adoption of a 2024 stock incentive plan, and amendments to the Series B Certificate of Designations. Stockholders are encouraged to vote by proxy. Detailed instructions and relevant documents are available on the SEC and Exela’s investor relations websites.

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Exela Technologies (NASDAQ:XELA, XELAP) will host a conference call on May 28, 2024, at 4:30 p.m. ET to discuss its first-quarter 2024 financial results. The call will feature Par Chadha, Executive Chairman, and Matt Brown, Interim CFO. The webcast will be accessible via Exela's Investor Relations website, with a replay available until June 4, 2024. Interested parties can find more updates on Exela's financial news by subscribing to email alerts on their Investor Relations site.

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Exela Technologies (NASDAQ: XELA) reported its Q1 2024 financial results, highlighting a revenue decline of 5.4% year-over-year to $258.8 million. The gross margin improved by 1.1% to 22.0%. The company reported a significant reduction in interest expense by 52.3% to $21.1 million.

Operating profit was up, reaching $0.1 million compared to a loss of $6.9 million in the previous year. However, the net loss stood at $25.6 million, which showed an improvement of $19.9 million year-over-year. Adjusted EBITDA dropped by 11.1% to $12.9 million but showed a sequential increase of 41.7%.

Segment-wise, Information and Transaction Processing Solutions generated $176.1 million, down 9.1% year-over-year. Healthcare Solutions saw a revenue increase of 2.9% to $64.9 million, and Legal and Loss Prevention Services revenue rose by 5.6% to $17.8 million.

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Exela Technologies, Inc. will host a conference call to discuss fourth quarter and full year 2023 financial results on April 17, 2024. Par Chadha, Executive Chairman, and Matt Brown, Interim CFO, will review the results. The call will be broadcast live on Exela's Investor Relations website. Replay will be available until April 24, 2024.
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Exela Technologies Inc. reported a 1.2% decline in revenue to $1,064.1 million for 2023 but saw an improvement in operating profit to $8.1 million. The net loss decreased to $124.4 million, with certain subsidiaries issuing new notes in exchange for existing ones. The company focused on stabilizing revenues, reducing debt, and investing in growth areas like cyber security and data modernization.
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Exela Technologies, Inc. adjourned the Annual Meeting of Stockholders due to lack of required quorum. The Meeting will reconvene on June 13, 2024, to allow additional time for stockholders to vote on proposals. Stockholders are urged to exercise their right to vote their shares. Proxy information is available at the SEC website. The Company asks all stockholders to vote their proxy, no matter how many shares they own.
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Exela Technologies, Inc. and XBP Europe announce the launch of a new Global Business Unit, Reaktr.ai, spearheaded by industry veteran Vineet Chaku as President. The move positions the Company at the forefront of the cyber, large data, and generative AI landscape, focusing on AI-Powered Growth, Data Modernization, Multi-Cloud Management, and Cybersecurity. The launch aims to address the rapidly changing industry and meet the demand for scalable AI platforms and modernized data infrastructure.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been recognized as a Disruptor in the Avasant Talent Acquisition Business Process Transformation 2023–2024 RadarView. The report evaluated 42 providers, with Exela Technologies standing out for its product-first approach, proprietary solutions such as the Exela Applicant Tracking platform and the Assessments platform, and strategic investment in European expansion and generative AI integration. This recognition reflects Exela's commitment to innovation and excellence in business process automation.
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Exela Technologies, Inc. (XELA) adjourns the Annual Meeting of Stockholders due to lack of required quorum, reconvening on January 26, 2024, to allow additional time for shareholders to vote on proposals. The Company urges all stockholders to exercise their right to vote their shares by proxy.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) urges stockholders to vote ahead of the upcoming annual meeting of stockholders, recommending 'FOR' all proposals and 'FOR' each director nominee.
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FAQ

What is the current stock price of EXELA TECHNOLOGIES (XELA)?

The current stock price of EXELA TECHNOLOGIES (XELA) is $1.2 as of December 23, 2024.

What is the market cap of EXELA TECHNOLOGIES (XELA)?

The market cap of EXELA TECHNOLOGIES (XELA) is approximately 7.3M.

What does Exela Technologies do?

Exela Technologies provides business process automation (BPA) solutions aimed at enhancing quality, productivity, and end-user experience across multiple industries.

What are the core segments of Exela Technologies?

Exela operates through three main segments: Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal and Loss Prevention Services (LLPS).

Which segment generates the most revenue for Exela?

The Information and Transaction Processing Solutions (ITPS) segment generates the majority of Exela's revenue.

What industries does Exela serve?

Exela serves multiple industries including banking, healthcare, insurance, and public sectors, among others.

What recent initiatives has Exela undertaken?

Exela recently launched Reaktr.ai, a Global Business Unit focused on cyber, large data, and generative AI, to enhance operational efficiency and innovation.

Where can I find the latest news about Exela Technologies?

You can find the latest news on Exela’s investor relations website and their social media channels on Twitter, LinkedIn, Facebook, and Instagram.

How many employees does Exela Technologies have?

Exela employs approximately 17,500 individuals operating in 23 countries.

What are some key financial initiatives Exela is focusing on?

Exela is focusing on stabilizing revenues, improving its balance sheet by eliminating current liabilities, reducing debt, and making strategic investments in cyber security, data modernization, and cloud services.

How can investors contact Exela Technologies?

Investors can contact Vincent Kondaveeti at vincent.kondaveeti@exelatech.com or Mary Beth Benjamin at IR@exelatech.com.

Is Exela Technologies listed on any stock exchange?

Yes, Exela Technologies is listed on NASDAQ under the ticker symbol XELA.

EXELA TECHNOLOGIES INC

Nasdaq:XELA

XELA Rankings

XELA Stock Data

7.32M
10.89M
23.68%
39.03%
12.26%
Software - Application
Services-business Services, Nec
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United States of America
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