Exela Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:05 am EDT
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Exela Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 272.94 million compared to USD 266.77 million a year ago. Net loss was USD 30.89 million compared to USD 79.2 million a year ago. Basic loss per share from continuing operations was USD 5.19 compared to USD 643.71 a year ago.
For the six months, sales was USD 546.56 million compared to USD 546.17 million a year ago. Net loss was USD 76.32 million compared to USD 136.16 million a year ago. Basic loss per share from continuing operations was USD 14.4 compared to USD 1,310.32 a year ago.
Exela Technologies, Inc. is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Its segments include Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS). ITPS provides industry-specific solutions for banking and financial services, including lending solutions for mortgages and auto loans, and banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination enrollments, claims processing, and benefits administration communication, among others. HS offerings include revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. LLPS solutions include processing of legal claims for class action and mass action settlement administrations.
EXELA TECHNOLOGIES, INC. 
