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EXELA TECHS INC 6% SER B - XELAP STOCK NEWS

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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. will host a conference call to discuss Q1 2023 results. The call will be broadcast live on Exela's Investor Relations website.
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Exela Technologies adjourns Special Meeting of Stockholders and reschedules it for May 11, 2023. Visit their website and social media accounts for updates.
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Exela Technologies, Inc. has rescheduled its Special Meeting of Stockholders to May 5, 2023, to vote on a proposal for a reverse stock split. The ratio for the reverse split will be determined by the Board of Directors.
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Exela Technologies, Inc. is reminding shareholders to vote for Proposal 1, an amendment to effect a reverse stock split, in order to facilitate continued listing on The Nasdaq Capital Market.
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Exela Technologies is holding a special meeting for stockholders on May 4, 2023, to facilitate a reverse stock split aimed at maintaining its listing on The Nasdaq Capital Market.

The company encourages stockholders to vote in favor of the amendment to its Certificate of Incorporation, as the current stock price may deter institutional investors and brokerage firms from engaging with Exela. Shares can be voted online or by phone, with instructions provided on the proxy card.

Exela emphasizes the importance of stockholder participation in the voting process, noting that even small shareholders can impact the outcome. The company has engaged proxy solicitor Morrow Sodali LLC to assist stockholders with questions about voting.

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Exela Technologies (NASDAQ: XELA, XELAP) announced its second fireside chat for investors scheduled on April 26, 2023, at 2:00 PM ET. This event, hosted by Executive Chairman Par Chadha, will allow investors to submit questions until April 21, 2023, focusing on the Company's strategy and future plans. Exela emphasizes its ongoing investment in technology and services to enhance customer experience and accommodate growth. The company aims to facilitate open communication and share both achievements and challenges in the chat.

Registration for the fireside chat is available at https://fireside.exelatech.com/register. Exela is recognized for its expertise in business process automation, serving over 4,000 customers globally, including a significant number in the Fortune 100.

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Exela Technologies, Inc. reported a 2022 revenue of $1,077.2 million, down 7.7% year-over-year, and a net loss of $415.6 million, largely attributed to goodwill impairment charges totaling $171.2 million. The fourth quarter results showed a revenue decrease of 9.3% to $267.0 million, with a net loss of $194.1 million. Despite a challenging environment marked by inflation and staffing shortages, the company has implemented cost-saving measures projected to save $65-$75 million beginning in Q4 2022. Total debt has decreased by $141.1 million, reflecting efforts to improve financial stability.

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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 $0.8549 as of November 22, 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

2.42M
2.32%
45.35%
Software - Application
Services-business Services, Nec
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United States of America
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