Exela Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 05:09 pm EST
Share
Exela Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 264.04 million compared to USD 279.23 million a year ago. Net loss was USD 85.28 million compared to USD 13.21 million a year ago. Basic loss per share from continuing operations was USD 276 compared to USD 372 a year ago.
For the nine months, sales was USD 810.21 million compared to USD 872.29 million a year ago. Net loss was USD 221.44 million compared to USD 71.78 million a year ago. Basic loss per share from continuing operations was USD 1,282 compared to USD 3,298 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. 
