EXELA TECHNOLOGIES

(XELA)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
0.1537 USD   -8.13%
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EXELA TECHNOLOGIES, INC. : Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits (form 8-K)

05/12/2022 | 05:24pm EDT

Item 2.02 Results of Operation and Financial Condition.

On May 10, 2022, Exela Technologies, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2022. A copy of the press release is furnished herewith as Exhibit 99.1.

The information in this Current Report on Form 8-K furnished pursuant to Item 2.02, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The Company is making reference to non-GAAP financial information in the press release. A reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.



Item 8.01 Other Event.




On May 12, 2022, the Company issued a press release regarding its pending exchange offer. A copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.

Item 9.01 Financial Statements and Exhibits.




(d)    Exhibits



Exhibit Number                            Exhibit Description

  99.1*            Press Release dated May 10, 2022
  99.2             Press Release dated May 12, 2022
104              The cover page from this Current Report on Form 8-K, formatted in
                 Inline XBRL.




* Furnished herewith



                                       2

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Financials (USD)
Sales 2022 1 160 M - -
Net income 2022 -141 M - -
Net Debt 2022 1 077 M - -
P/E ratio 2022 -0,56x
Yield 2022 -
Capitalization 67,9 M 67,9 M -
EV / Sales 2022 0,99x
EV / Sales 2023 0,94x
Nbr of Employees 17 000
Free-Float -
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Number of Analysts 2
Last Close Price 0,15 $
Average target price 1,18 $
Spread / Average Target 664%
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Managers and Directors
Suresh Yannamani President
Shrikant Sortur Chief Financial Officer
Parvinder S. Chadha Executive Chairman
Sriram Ramanathan Chief Technology officer
John H. Rexford Independent Director