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8-K: Exela Technologies, Inc. Reports Second Quarter 2024 Results

8-K: Exela Technologies, Inc. Reports Second Quarter 2024 Results

8-K：Exela Technologies, Inc. 公布2024年第二季度业绩
美股SEC公告 ·  08/16 04:37

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Exela Technologies, Inc. reported its financial results for the second quarter of 2024 on August 15, 2024. The company experienced a revenue decrease of 10.0% year-over-year, totaling $245.7 million, which was attributed to the sale of its high-speed scanner business and declines in its Information and Transaction Processing Solutions segment. Despite the revenue drop, Exela saw a gross margin increase to 23.5%, reflecting cost management efforts and real estate rationalization. Interest expenses decreased by 48.7% due to debt modification, while SG&A expenses rose by 30.5% year-over-year, largely due to a non-cash write-down related to a partner contract amendment. The company reported an operating loss of $2.4 million, compared to an operating profit of $11.2 million in the same quarter of the previous year. The net loss improved by $4.0 million year-over-year to $26.9 million, with $25.7 million attributable to Exela. Adjusted EBITDA was down 39.0% to $13.7 million. Exela's management remains cautiously optimistic as they continue to add new clients and focus on operational efficiency.
Exela Technologies, Inc. reported its financial results for the second quarter of 2024 on August 15, 2024. The company experienced a revenue decrease of 10.0% year-over-year, totaling $245.7 million, which was attributed to the sale of its high-speed scanner business and declines in its Information and Transaction Processing Solutions segment. Despite the revenue drop, Exela saw a gross margin increase to 23.5%, reflecting cost management efforts and real estate rationalization. Interest expenses decreased by 48.7% due to debt modification, while SG&A expenses rose by 30.5% year-over-year, largely due to a non-cash write-down related to a partner contract amendment. The company reported an operating loss of $2.4 million, compared to an operating profit of $11.2 million in the same quarter of the previous year. The net loss improved by $4.0 million year-over-year to $26.9 million, with $25.7 million attributable to Exela. Adjusted EBITDA was down 39.0% to $13.7 million. Exela's management remains cautiously optimistic as they continue to add new clients and focus on operational efficiency.
exela technologies于2024年8月15日公布了2024年第二季度财务报告。该公司业务营收同比下降10.0%，总计$24570万，此归因于其高速扫描仪业务的出售以及信息和交易处理解决方案板块的下降。尽管营业收入下降，exela看到毛利率增加至23.5%，反映了成本管理和房地产优化。由于债务修改，利息支出下降了48.7%，而营销和管理费用同比增长30.5%，主要是由于与合作伙伴合同修正相关的非现金冲减。该公司报告了240万美元的营业亏损，而上年同期营业利润为1120万美元。净亏损同比减少400万美元至2690万美元，其中2570万美元归属于exela。调整后的EBITDA下降了39.0%，至1370万美元。exela的管理层继续保持谨慎乐观的态度，继续添加新客户并关注业务操作效率。
exela technologies于2024年8月15日公布了2024年第二季度财务报告。该公司业务营收同比下降10.0%，总计$24570万，此归因于其高速扫描仪业务的出售以及信息和交易处理解决方案板块的下降。尽管营业收入下降，exela看到毛利率增加至23.5%，反映了成本管理和房地产优化。由于债务修改，利息支出下降了48.7%，而营销和管理费用同比增长30.5%，主要是由于与合作伙伴合同修正相关的非现金冲减。该公司报告了240万美元的营业亏损，而上年同期营业利润为1120万美元。净亏损同比减少400万美元至2690万美元，其中2570万美元归属于exela。调整后的EBITDA下降了39.0%，至1370万美元。exela的管理层继续保持谨慎乐观的态度，继续添加新客户并关注业务操作效率。
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