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Exela Technologies Inc is a business process automation (BPA) leader combining industry-specific and multi-industry enterprise software and solutions. The company's BPA suite of solutions is deployed in banking, healthcare, insurance, and other industries. The company's segment includes Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal and Loss Prevention Services (LLPS). It generates maximum revenue from the ITPS segment.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been recognized as an Emerging Solution Provider in the Hackett Value Matrix™ for Finance and Accounting Outsourcing Solution Providers. The Hackett Group acknowledges Exela's robust accounting automation and tools to accelerate clients' efficiency and effectiveness journey, with over 2,400 clients benefitting from their FAO solutions.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been included in Forrester's 'Accounts Payable Invoice Automation Landscape, Q4 2023 report'. The report focuses on how accounts payable invoice automation can streamline invoice data capture, automate validation processes, and provide financial analysis. Forrester identifies Advanced AI as a new differentiator. Exela has been recognized for its dedication to developing technology that lowers costs and improves supplier relationships.
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Exela Technologies, Inc. (NASDAQ: XELA; XELAP) adjourned the Annual Meeting of Stockholders due to a lack of required quorum. The Meeting will reconvene on December 29, 2023. Shareholders are urged to vote by proxy. No changes have been made in the proposals to be voted on by stockholders at the Meeting.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) reminds stockholders of its upcoming Annual Meeting of Stockholders, urging them to exercise their right to vote their shares by proxy. The Meeting will be held online on December 5, 2023. Stockholders are encouraged to vote their proxy, regardless of the number of shares they own.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) received a delinquency notification letter from Nasdaq for not timely filing its Quarterly Report on Form 10-Q. The notification letter has no immediate effect on the listing or trading of the Company’s common stock. Nasdaq granted an exception for the Company to submit an update to the Compliance Plan by November 27, 2023, including the Company’s plans to file the Third Quarter Form 10-Q.
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Exela Technologies announces a $15 million contract with a public company in the leisure and hospitality sector. The contract allows the customer to improve marketing efforts using Exela's Marketing Automation platform, resulting in decreased time to market, increased operational efficiencies, and reduced costs. Exela's XBP solution reported over $765 million in revenue in 2022.
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Exela Technologies signs new customer for its Marketing Execution solution, estimated contract value of $7.5 million, positive impact on revenue
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Exela Technologies, Inc. announced its financial results for Q2 2023. Revenue increased by 2.3% YoY to $272.9 million. Net loss was $30.9 million. Gross profit increased by 23.0% YoY to $60.9 million. Adjusted EBITDA increased by 12.1% YoY to $40.9 million. New TCV wins amounted to $106.2 million. Long-term liability reduced to $792 million. Completion of Debt Recapitalization and XBP Europe progress. Nasdaq non-compliance notice received.
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Exela Technologies, Inc. (NASDAQ: XELA, XELAP) will host a conference call to discuss second quarter 2023 results on August 14, 2023. The call will be led by Par Chadha, Executive Chairman, and Shrikant Sortur, Chief Financial Officer. The webcast will be available on Exela's Investor Relations website, and a replay will be accessible until August 21, 2023. To receive financial news by email, visitors can subscribe to E-mail Alerts on the Exela Investor Relations website.
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Exela Technologies collaborates with Microsoft to leverage generative AI technologies on Microsoft Azure, strengthening AI initiatives. Exela's customers can drive personalized engagement, optimized workflow automation, and industry-leading AI-decisioning capabilities. Generative AI will enhance customer service for software products and speed up document lifecycle management. Exela is committed to using generative AI responsibly and ethically.
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FAQ
What is the current stock price of EXELA TECHS 6% SER B (XELAP)?
The current stock price of EXELA TECHS 6% SER B (XELAP) is $0.32 as of December 23, 2024.
What does Exela Technologies Inc specialize in?
Exela Technologies Inc specializes in business process automation (BPA) and offers industry-specific and multi-industry enterprise software and solutions.
In which industries does Exela Technologies Inc operate?
Exela Technologies Inc operates in banking, healthcare, insurance, and other industries with its BPA suite of solutions.
What are the primary revenue-generating segments for Exela Technologies Inc?
The Information and Transaction Processing Solutions (ITPS) segment is the primary revenue-generating segment for Exela Technologies Inc.
How many customers does Exela Technologies Inc serve?
Exela Technologies Inc serves a growing roster of more than 4,000 customers across 50 countries, including over 60% of the Fortune® 100.
What is the core technology utilized by Exela Technologies Inc?
Exela Technologies Inc leverages foundational technologies spanning information management, workflow automation, and integrated communications.
EXELA TECHS INC 6% SER B
Nasdaq:XELAP
XELAP Rankings
XELAP Stock Data
646.79k
5.62%
110.49%
Software - Application
Services-business Services, Nec
United States of America
IRVING