Associated tags: Information management, News, Health, BPA, Accounting, Exela Technologies, Public sector, Insurance, Bookkeeping, AI, Conference, Adjustment, Webcast, Transaction, EBITDA, Information, Conference call, IR, Security (finance)
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Beauty salon “2023 was a challenging year with focus on stabilizing revenues and recovering from the effects of our network outage in 2022.
Key Points:
- “2023 was a challenging year with focus on stabilizing revenues and recovering from the effects of our network outage in 2022.
- We maintained our focus on cost management and leveraging automation, and have 2023 initiatives in process continuing into 2024 to achieve our margin improvement goals.
- We improved gross margins and operating income, however we did not accomplish all of our goals in 2023 and have room to grow,” said Par Chadha, Executive Chairman of Exela Technologies.
- Net Loss: Net loss for 2023 was $124.4 million ($125.1 attributable to Exela Technologies Inc), an improvement of $291.4 million compared with a net loss of $415.6 million in 2022.
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Tuesday, January 23, 2024
IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .
Key Points:
- IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .
- Reaktr.ai is another example of Exela addressing a rapidly changing industry in which demand outpaces the customer’s capacity to access available talent.
- This strategic move positions the Company at the forefront of the cyber, large data and generative AI landscape.
- Reaktr.ai is also establishing Centers of Excellence (CoE) for both Exela and XBP, propelling operational efficiency and innovation to enterprise customers.
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Tuesday, January 23, 2024
IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .
Key Points:
- IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .
- Reaktr.ai is another example of Exela addressing a rapidly changing industry in which demand outpaces the customer’s capacity to access available talent.
- This strategic move positions the Company at the forefront of the cyber, large data and generative AI landscape.
- Reaktr.ai is also establishing Centers of Excellence (CoE) for both Exela and XBP, propelling operational efficiency and innovation to enterprise customers.
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Exela Technologies,
BPA,
LLM IRVING, Texas, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today that the Company has been recognized as a Disruptor in the Avasant Talent Acquisition Business Process Transformation 2023–2024 RadarView.
Key Points:
- IRVING, Texas, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today that the Company has been recognized as a Disruptor in the Avasant Talent Acquisition Business Process Transformation 2023–2024 RadarView.
- Enterprises, therefore, are reducing their dependence on traditional recruitment agencies and outsourcing strategic talent acquisition processes.”
The report evaluated 42 providers across three key dimensions: practice maturity, domain ecosystem, and investments and innovation.
- “Being acknowledged in talent acquisition by Avasant validates Exela's unwavering commitment to transformative solutions, strategic growth, and pioneering innovation in the industry.
- Click here to view a copy of the Talent Acquisition Business Process Transformation 2023–2024 Market Insights™ report.
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Friday, November 17, 2023
The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.
Key Points:
- The notification letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market.
- As a result of this additional delinquency, Nasdaq granted an exception for the Company to submit an update to the Compliance Plan on or before November 27, 2023, including the Company’s plans to file the Third Quarter Form 10-Q.
- Any additional exceptions from Nasdaq to allow the Company to regain compliance with the Delinquent Reports will be limited to a maximum of 180 calendar days from the due date of the Second Quarter 10-Q, or February 5, 2024.
- The Company anticipates filing the Second Quarter 10-Q on or before November 27, 2023, and intends to file Third Quarter 10-Q as soon as reasonably practicable.
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Exela Technologies IRVING, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, announced today its financial results for the second quarter ended June 30, 2023.
Key Points:
- Operating income/(loss): Operating income for Q2 2023 was $11.2 million, compared with operating loss of $20.9 million in Q2 2022.
- Net Loss: Net loss for Q2 2023 was $30.9 million, compared with a net loss of $79.2 million in Q2 2022.
- EBITDA(4): EBITDA for Q2 2023 was $31.6 million compared to a loss of $17.6 million in Q2 2022.
- Exela will host a conference call to discuss its second quarter 2023 financial results at 8:30 AM ET on August 14, 2023.
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Security (finance),
News & Notes As of 11:59 p.m., New York City time, on July 7, 2023 (the “Expiration Time”), according to information provided by D.F.
Key Points:
- As of 11:59 p.m., New York City time, on July 7, 2023 (the “Expiration Time”), according to information provided by D.F.
- Approximately $24 million aggregate principal amount, or approximately 2%, of the Old Notes remain outstanding following the consummation of the Exchange Offer.
- The Exchange Offer and the Consent Solicitation were made upon the terms and conditions set forth in the confidential offering memorandum and consent solicitation statement, dated June 8, 2023 (the “Original Offering Memorandum”), as supplemented by Supplement No.
- On July 11, 2023, the Issuer also repaid all of its outstanding 2023 Notes and all of its outstanding 2023 Term Loans.
Communication,
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Person,
Old,
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Exela Technologies,
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Regulation,
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Security (finance) The Company expects the Final Settlement Date for the Exchange Offer to occur promptly after the Expiration Time.
Key Points:
- The Company expects the Final Settlement Date for the Exchange Offer to occur promptly after the Expiration Time.
- The deadline to validly withdraw tenders of the Old Notes was also extended to 11:59 p.m., New York City time, on July 7, 2023.
- Documents relating to the Exchange Offer and the Consent Solicitation are available to certain holders of the Old Notes.
- These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this press release.
Communication,
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Risk,
Exchange,
Person,
Old,
Annual report,
Exela Technologies,
Exchange offer,
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Solicitation,
Cryptocurrency,
Security (finance) As of the Original Early Tender Time, approximately $955.5 million of outstanding Old Notes were tendered for exchange pursuant to the Exchange Offer and the Requisite Consents condition had been satisfied.
Key Points:
- As of the Original Early Tender Time, approximately $955.5 million of outstanding Old Notes were tendered for exchange pursuant to the Exchange Offer and the Requisite Consents condition had been satisfied.
- The Company expects the Initial Settlement Date for the Exchange Offer to occur promptly after the Extended Early Tender Time.
- The Exchange Offer and the Consent Solicitation will expire at 11:59 p.m. New York City Time on July 7, 2023, unless extended or terminated.
- Documents relating to the Exchange Offer and the Consent Solicitation are available to certain holders of the Old Notes.
IRVING, Texas, May 12, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced that its Board of Directors has approved a 1-for-200 reverse stock split of the Company’s common stock, which will be effective at 5:00 p.m. Eastern Time on Friday, May 12, 2023.
Key Points:
- IRVING, Texas, May 12, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced that its Board of Directors has approved a 1-for-200 reverse stock split of the Company’s common stock, which will be effective at 5:00 p.m. Eastern Time on Friday, May 12, 2023.
- The amendment to the Company’s certificate of incorporation allowing for the reverse split was approved by the Company’s stockholders at the Special Meeting held May 11, 2023.
- As a result of the reverse split, each two hundred shares of the Company’s issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock.
- Immediately after the reverse split becomes effective, there will be approximately 6.4 million shares of common stock issued and outstanding.
