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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. 公佈2024年第二季度業績
美股SEC公告 ·  2024/08/15 16:37

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Exela Technologies reported Q2 2024 revenue of $245.7 million, down 10% YoY, while gross margin improved 120 bps to 23.5%. The company posted a net loss of $26.9 million, an improvement of $4.0 million YoY, primarily due to lower interest expense following debt modification in July 2023. Operating loss was $2.4 million compared to an $11.2 million profit in Q2 2023.Segment performance showed mixed results with Information and Transaction Processing Solutions revenue declining 15.2% to $156.8 million, Healthcare Solutions down 1.1% to $62.9 million, while Legal & Loss Prevention Services grew 6.3% to $25.9 million. SG&A expenses increased 30.5% to $41.8 million, mainly due to a $10.1 million write-down related to a partner contract amendment.Adjusted EBITDA decreased 39% YoY to $13.7 million with a margin of 5.6%, down 260 basis points from Q2 2023, though showing a 6.7% sequential improvement. The company maintains a cautiously optimistic outlook for H2 2024, citing continued focus on cost management and real estate optimization while adding new customers.
Exela Technologies reported Q2 2024 revenue of $245.7 million, down 10% YoY, while gross margin improved 120 bps to 23.5%. The company posted a net loss of $26.9 million, an improvement of $4.0 million YoY, primarily due to lower interest expense following debt modification in July 2023. Operating loss was $2.4 million compared to an $11.2 million profit in Q2 2023.Segment performance showed mixed results with Information and Transaction Processing Solutions revenue declining 15.2% to $156.8 million, Healthcare Solutions down 1.1% to $62.9 million, while Legal & Loss Prevention Services grew 6.3% to $25.9 million. SG&A expenses increased 30.5% to $41.8 million, mainly due to a $10.1 million write-down related to a partner contract amendment.Adjusted EBITDA decreased 39% YoY to $13.7 million with a margin of 5.6%, down 260 basis points from Q2 2023, though showing a 6.7% sequential improvement. The company maintains a cautiously optimistic outlook for H2 2024, citing continued focus on cost management and real estate optimization while adding new customers.
Exela Technologies報告2024年第二季度營業收入爲24570萬美元,同比下降10%,毛利率提高120個點子至23.5%。公司淨虧損爲2690萬美元,同比改善400萬美元,這主要是由於2023年7月債務修改後利息支出減少。營業虧損爲240萬美元,而2023年第二季度利潤爲1120萬美元。各部門表現參差不齊,信息與交易處理解決方案的營業收入下降15.2%至15680萬美元,醫療解決方案下降1.1%至6290萬美元,而法律與損失預防服務增長6.3%至2590萬美元。SG&A費用增加30.5%至4180萬美元,主要是因與合作伙伴合同修訂相關的1010萬美元減記。經調整的EBITDA同比下降39%至1370萬美元,毛利率爲5.6%,較2023年第二季度下降260個點子,但顯示出6.7%的環比改善。公司對2024年下半年的前景持謹慎樂觀態度,強調繼續關注成本管理和房地產業優化,同時增加新客戶。
Exela Technologies報告2024年第二季度營業收入爲24570萬美元,同比下降10%,毛利率提高120個點子至23.5%。公司淨虧損爲2690萬美元,同比改善400萬美元,這主要是由於2023年7月債務修改後利息支出減少。營業虧損爲240萬美元,而2023年第二季度利潤爲1120萬美元。各部門表現參差不齊,信息與交易處理解決方案的營業收入下降15.2%至15680萬美元,醫療解決方案下降1.1%至6290萬美元,而法律與損失預防服務增長6.3%至2590萬美元。SG&A費用增加30.5%至4180萬美元,主要是因與合作伙伴合同修訂相關的1010萬美元減記。經調整的EBITDA同比下降39%至1370萬美元,毛利率爲5.6%,較2023年第二季度下降260個點子,但顯示出6.7%的環比改善。公司對2024年下半年的前景持謹慎樂觀態度,強調繼續關注成本管理和房地產業優化,同時增加新客戶。
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