Summary by Moomoo AI
Exela Technologies, a global business process automation leader, reported mixed financial results for the nine months ending September 30, 2024. The company saw a decrease in total revenue to $773.6 million, down 3.3% from $799.7 million in the same period the previous year. The Information & Transaction Processing Solutions (ITPS) segment experienced a 4.7% decline in revenue, while the Legal & Loss Prevention Services (LLPS) segment grew by 3.4%. The Healthcare Solutions (HS) segment's revenue decreased by 1.2%. The net loss before income taxes improved to $(67.4) million from $(92.4) million year-on-year, a 27.0% reduction in losses. Exela's business development included an amendment to the BR Exar AR Facility, generating $4.8 million in net proceeds and repaying $7.3 million of its principal amount. The company also repurchased $2.0 million of the Second...Show More