Exela Technologies (XELA) Reports Prelim Q2
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Exela Technologies, Inc. Reports Preliminary Second Quarter 2023 Results
August 14, 2023 8:05 AM EDTPreliminary Second Quarter Highlights
Revenue of $272.9 million, up 2.3% year-over-year (up 2.5% on a constant currency basis)Net loss of $30.9 millionGross profit(1)Â of $60.9 million, up 23.0% or $11.4 million year-over-year, with a corresponding margin of 22.3% and up 3.8% year-over-year and up 1.4% sequentiallyAdjusted EBITDA of $40.9 million, up 12.1% year-over-year, with a corresponding margin of 15.0% and up 17.8% sequentially$106.2 million in new TCV(2) wins and renewal of $32.8M TCV reflect strength of award-winning best-in-class solutions and... More