Exela Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
January 05, 2024 at 04:02 pm EST
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Exela Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 253.13 million compared to USD 264.04 million a year ago. Net loss was USD 23.11 million compared to USD 85.28 million a year ago. Basic loss per share from continuing operations was USD 3.97 compared to USD 276.59 a year ago.
For the nine months, sales was USD 799.68 million compared to USD 810.21 million a year ago. Net loss was USD 99.43 million compared to USD 221.44 million a year ago. Basic loss per share from continuing operations was USD 18.08 compared to USD 1,281.2 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. 
