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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q：2024财年二季报
美股SEC公告 ·  2024/08/14 15:14

Moomoo AI 已提取核心信息

Exela Technologies reported Q2 2024 revenue of $245.7 million, down 10% from $272.9 million in Q2 2023, while net loss improved to $26.9 million from $30.9 million. The ITPS segment revenue declined 15.2% to $156.8 million, HS segment decreased 1.1% to $62.9 million, while LLPS segment grew 6.3% to $25.9 million. Interest expense decreased significantly to $23.1 million from $45.1 million year-over-year.Operating loss was $2.4 million compared to operating profit of $11.2 million in Q2 2023, impacted by higher SG&A expenses of $41.8 million. Cost of revenue decreased 11.4% to $188.0 million, driven by lower employee-related costs and infrastructure expenses. Adjusted EBITDA was $13.7 million compared to $22.5 million in the prior year period.The company faces liquidity challenges with a working capital deficit of $254.4 million as of June 30, 2024. Management is pursuing debt reduction initiatives and exploring strategic options, including a potential spin-off of its BPA business announced on July 1, 2024. The company must also address Nasdaq listing compliance requirements by October 25, 2024.
Exela Technologies reported Q2 2024 revenue of $245.7 million, down 10% from $272.9 million in Q2 2023, while net loss improved to $26.9 million from $30.9 million. The ITPS segment revenue declined 15.2% to $156.8 million, HS segment decreased 1.1% to $62.9 million, while LLPS segment grew 6.3% to $25.9 million. Interest expense decreased significantly to $23.1 million from $45.1 million year-over-year.Operating loss was $2.4 million compared to operating profit of $11.2 million in Q2 2023, impacted by higher SG&A expenses of $41.8 million. Cost of revenue decreased 11.4% to $188.0 million, driven by lower employee-related costs and infrastructure expenses. Adjusted EBITDA was $13.7 million compared to $22.5 million in the prior year period.The company faces liquidity challenges with a working capital deficit of $254.4 million as of June 30, 2024. Management is pursuing debt reduction initiatives and exploring strategic options, including a potential spin-off of its BPA business announced on July 1, 2024. The company must also address Nasdaq listing compliance requirements by October 25, 2024.
Exela Technologies 报告2024年第二季度营业收入为24570万，同比下降10%，而净亏损改善至2690万，较3090万有所减少。ITPS部门营业收入下降15.2%，至15680万，HS部门下降1.1%，至6290万，而LLPS部门增长6.3%，至2590万。利息支出显著减少，从去年同期的4510万降至2310万。营业亏损为240万，而2023年第二季度的营业利润为1120万，受到4180万的更高SG&A费用的影响。营业成本下降11.4%，至18800万，主要由于员工相关成本和制造行业费用的减少。调整后的EBITDA为1370万，而去年同期为2250万。截至2024年6月30日，公司面临流动性挑战，流动资本赤字为25440万。管理层正在推进债务减免计划，并探索战略选择，包括可能于2024年7月1日宣布的BPA业务分拆。公司还必须在2024年10月25日前解决纳斯达克上市合规要求。
Exela Technologies 报告2024年第二季度营业收入为24570万，同比下降10%，而净亏损改善至2690万，较3090万有所减少。ITPS部门营业收入下降15.2%，至15680万，HS部门下降1.1%，至6290万，而LLPS部门增长6.3%，至2590万。利息支出显著减少，从去年同期的4510万降至2310万。营业亏损为240万，而2023年第二季度的营业利润为1120万，受到4180万的更高SG&A费用的影响。营业成本下降11.4%，至18800万，主要由于员工相关成本和制造行业费用的减少。调整后的EBITDA为1370万，而去年同期为2250万。截至2024年6月30日，公司面临流动性挑战，流动资本赤字为25440万。管理层正在推进债务减免计划，并探索战略选择，包括可能于2024年7月1日宣布的BPA业务分拆。公司还必须在2024年10月25日前解决纳斯达克上市合规要求。
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