Exela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). The ITPS segment provides lending solutions for mortgages and auto loans; 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 communications; and public sector solutions for income tax processing, benefits administration, and records management. It also offers solutions for payment processing and reconciliation, integrated receivable and payables management, document logistics and location services, records management, and electronic storage of data/documents; and software, hardware, professional services, and maintenance related to information and transaction processing automation. The HS segment provides revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for healthcare payer and provider markets. The LLPS segment processes legal claims for class action and mass action settlement administrations, involving project management support, notification, and outreach to claimants; and collects, analyzes, and distributes settlement funds. It also offers data and analytical services in the area of litigation consulting, economic and statistical analysis, expert witness services, and revenue recovery services for delinquent accounts receivable. The company is headquartered in Irving, Texas.
IPO Year: 2015
Exchange: NASDAQ
Website: exelatech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/23/2022 | $3.00 → $0.55 | Buy → Neutral | B. Riley Securities |
| 8/31/2021 | $4.00 | Buy | B. Riley Securities |
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IRVING, Texas, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (OTC:XELA, XELAP)), a global business process automation (BPA) leader, has announced a strategic partnership between its Finance and Accounting Outsourcing (FAO) Business Unit and Michael Page, a leading recruitment firm specializing in leadership hiring for large enterprises. Michael Page, through this partnership, plans to expand Exela's successful Center of Excellence across various corporate functions, including Finance Shared Services, by deploying Build-Operate-Transfer, Captive, and Business Processes as a Service to their enterprise customers. This collaboration is expected to furt
IRVING, Texas, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (OTC:XELA, XELAP)), a global business process automation leader, informs its stockholders and the market in general that today its Board of Directors approved the commencement of the process to: (i) voluntarily delist its securities from the Nasdaq Stock Market LLC ("Nasdaq"); and (ii) deregister the Company's securities under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), after taking into account a number of considerations, including, but not limited to, the Nasdaq Suspension (as defined below) and the expected reduction in operating expenses associated with co
IRVING, Texas, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela") (NASDAQ:XELA, XELAP)), a leading provider of Business Process Automation solutions, today announced that it has been recognized as a Strong Performer in The Forrester Wave™: Task-Centric Automation Software, Q4 2024. The report evaluates the most significant task-centric automation providers, previously categorized under Robotic Process Automation (RPA), to help businesses identify the best-fit solutions for their needs. The Forrester Wave™ evaluated 15 vendors across three categories: Current Offering, Strategy, and Customer Feedback. Findings from the Report: Document Processing Capabilities: The repor
IRVING, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the third quarter 2024 at 4:30 p.m. ET on November 29, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela's Investor Relations website at https://investors.exelatech.com/. Third Quarter 2024 Results Webcast and Call Access Information: Date:November 29, 2024Time:4:30 p.m. (ET)Webcast (listen-only)h
IRVING, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Reaktr, the global business unit of Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP)), XBP Europe ("XBP") (NASDAQ:XBP, XBPEW)), and a member of the Oracle Partner Network (OPN), today announced the availability of SecAi on Oracle Cloud Infrastructure (OCI) and in the Oracle Cloud Marketplace. A pivotal component of Reaktr's innovative AI cybersecurity suite, SecAi provides enterprises with a fully configurable generative AI validation framework that supports 120+ large language models (LLMs). Enterprises can now validate components, including training data, LLMs of choice, enterprise integrations, and responsible int
IRVING, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the second quarter 2024 at 4:30 p.m. ET on August 28, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela's Investor Relations website at https://investors.exelatech.com/. Second Quarter 2024 Results Webcast and Call Access Information: Date:August 28, 2024Time:4:30 p.m. (ET)Webcast (listen-only)https://
Second Quarter Highlights Revenue of $245.7 million, down 10.0% year-over-yearGross margin of 23.5%, up 120 bps year-over-yearInterest expense of $23.1 million, down 48.7% year-over-yearSG&A of $41.8 million, up 30.5% year-over-yearOperating loss of $2.4 million, vs $11.2 million operating profit, year-over-yearNet loss of $26.9 million ($25.7 million attributable to Exela Technologies, Inc.), an improvement of $4.0 million year-over-yearAdjusted EBITDA of $13.7 million, down 39.0% year-over-year IRVING, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation ("BPA") leader, annou
IRVING, Texas, July 29, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ:XELA, XELAP))), business processing automation ("BPA"), announced today its recognition as one of America's Greatest Workplaces for 2024 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized America's Greatest Workplaces in the United States. Notably, Exela achieved a perfect 5-star rating in both Diversity and Mental Wellbeing categories. "Being named a 2024 America's Greatest Workplace, with perfect scores in Diversity and Mental Wellbeing, is a testament to our company's unwavering commitment to creating an inclusive and supportive environment
IRVING, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA, XELAP), a leader in business processing automation ("BPA") announces a strategic alliance with AIDEO Technologies (AI Medical Coding & Billing Automation Revenue Cycle Management - aidéo-tech (aideo-tech.com), a leading AI platform specializing in autonomous coding for healthcare. This collaboration is poised to revolutionize the medical billing landscape by enhancing efficiency and accuracy across the board. Exela's strategic initiative incorporates generative AI across its products and services, complementing other AI-driven efforts. PCH Global, Exela's industry leading He
IRVING, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a business process automation leader, today announced that its Board of Directors (the "Board") has authorized Exela to consider a spin-off of its wholly-owned subsidiary, Exela Technologies BPA, LLC, to Exela stockholders to maximize shareholder value. The potential spin-off, if completed, would likely be structured so that all Exela stockholders as of a record date in the third or fourth quarter of 2024, to be determined by the Board, would (i) receive their pro-rata share of a newly formed holding company owning Exela's business process automation business
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B. Riley Securities downgraded Exela Technologies from Buy to Neutral and set a new price target of $0.55 from $3.00 previously
B. Riley Securities initiated coverage of Exela Technologies with a rating of Buy and set a new price target of $4.00
Cantor Fitzgerald initiated coverage of Exela Technologies with a rating of Overweight and set a new price target of $4.00
IRVING, Texas, June 12, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the "Meeting"). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2024 on Thursday, June 13, at 10:00 AM CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote (i) "FOR" each director nominee, (ii) for future advisory votes on executive compensation to occur every "1 Year" and (iii) "FOR" all other proposals. FOR ASSISTANCE WITH VOTING YOUR SHARES PLEASE CONTACT OUR PROXY SO
IRVING, Texas, June 04, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the "Meeting"). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2024 on Thursday, June 13, at 10:00 AM CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote (i) "FOR" each director nominee, (ii) for future advisory votes on executive compensation to occur every "1 Year" and (iii) "FOR" all other proposals. The Company urges all stockholders to exercise their right to vote
IRVING, Texas, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a business process automation leader, today reminds its stockholders to vote ahead of the upcoming annual meeting of stockholders (the "Meeting"). The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2023 on Friday, December 29, 2023 at 10:00 AM ET/9:00 a.m. CT. The Board of Directors of Exela unanimously recommends that the Company's stockholders vote "FOR" all proposals and "FOR" each director nominee. The Company urges all stockholders to exercise their right to vote their shares by proxy TODAY. At the Meeting, stockholders are being asked
IRVING, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a leader in business process automation, announced today that on November 13, 2023, as expected, it received a delinquency notification letter from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the Company did not timely file its Quarterly Report on Form 10-Q for the three months ended September 30, 2023 (the "Third Quarter 10-Q"). The notification letter has no immediate effect on the listing or trading of the Company's common s
IRVING, Texas, July 12, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela") (NASDAQ:XELA, XELAP))) today announced the promotion of Suresh Yannamani to Chief Executive Officer, Exela Technologies BPA, LLC, a subsidiary of Exela. Suresh's promotion is part of the plans underway since last year including the appointment of several presidents of business units within our accounting segments. Some of these appointments were from within our ranks and some were from the industry. In this position, Suresh will report to the Executive Chairman and will be responsible for driving Exela BPA's global business along with the current leadership team. Our business is continuously evolv
IRVING, Texas, March 31, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ:XELA) today announced that Ronald C. Cogburn will transition from the CEO role effective April 30, 2022. Par Chadha, Executive Chairman, along with the global senior management team of Exela will lead and manage the Company. "On behalf of Exela and the Board, I would like to thank Ron for his outstanding leadership and deep commitment to the Company. During his nearly 30-year tenure, Exela has transformed from a small business process outsourcing firm into a global leader in business process automation, constantly refining our technologies and developing ideas to better serve our
Exela Healthcare Solutions gearing up for growth in the healthcare sector IRVING, Texas, March 16, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ:XELA) announced today it has hired Kevin Lathrop as President of Exela Healthcare Solutions ("HS"). Kevin will lead Exela's healthcare line of business and collaborate closely with leaders across the enterprise to drive Exela's business strategy and value proposition. Kevin will be directly responsible for the growth and performance of HS. Exela continues to invest in the healthcare segment, which is Exela's second largest with 23% of revenue in 2021, and now is positioned for further growth. For decades,
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IRVING, Texas, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the third quarter 2024 at 4:30 p.m. ET on November 29, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela's Investor Relations website at https://investors.exelatech.com/. Third Quarter 2024 Results Webcast and Call Access Information: Date:November 29, 2024Time:4:30 p.m. (ET)Webcast (listen-only)h
IRVING, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company's financial results for the second quarter 2024 at 4:30 p.m. ET on August 28, 2024. Hosting the call and reviewing the results will be Matt Brown, Interim Chief Financial Officer of the Company. The conference call will be broadcast live on Exela's Investor Relations website at https://investors.exelatech.com/. Second Quarter 2024 Results Webcast and Call Access Information: Date:August 28, 2024Time:4:30 p.m. (ET)Webcast (listen-only)https://
Second Quarter Highlights Revenue of $245.7 million, down 10.0% year-over-yearGross margin of 23.5%, up 120 bps year-over-yearInterest expense of $23.1 million, down 48.7% year-over-yearSG&A of $41.8 million, up 30.5% year-over-yearOperating loss of $2.4 million, vs $11.2 million operating profit, year-over-yearNet loss of $26.9 million ($25.7 million attributable to Exela Technologies, Inc.), an improvement of $4.0 million year-over-yearAdjusted EBITDA of $13.7 million, down 39.0% year-over-year IRVING, Texas, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation ("BPA") leader, annou
IRVING, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a global business process automation ("BPA") leader, will host a conference call with the financial community to discuss results for the first quarter 2024 at 4:30 p.m. ET on May 28, 2024. Hosting the call and reviewing the results will be Par Chadha, Executive Chairman, and Matt Brown, Interim Chief Financial Officer. The conference call will be broadcast live on Exela's Investor Relations website at http://investors.exelatech.com. First Quarter 2024 Results Webcast and Call Access Information Date:May 28, 2024 Time:4:30 p.m. (ET) Webcast (listen-only):
First Quarter Highlights Revenue of $258.8 million, down 5.4% year-over-yearGross margin of 22.0%, up 1.1% year-over-yearInterest expense of $21.1M, down 52.3% year-over-yearSG&A of $40.9M, down 7.9% year-over-yearOperating profit of $0.1M versus a loss of $6.9 million year-over yearNet loss of $25.6 million ($24.9 million attributable to Exela Technologies Inc), an improvement of $19.9 million year-over-yearAdjusted EBITDA of $12.9M, down 11.1% year-over-year IRVING, Texas, May 15, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ: XELA, XELAP), a global business process automation ("BPA") leader, announced today its financial results for the first qua
IRVING, Texas, April 15, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a global business process automation ("BPA") leader, will host a conference call with the financial community to discuss results for the fourth quarter and full year 2023 at 4:30 p.m. ET on April 17, 2024. Hosting the call and reviewing the results will be Par Chadha, Executive Chairman, and Matt Brown, Interim Chief Financial Officer. The conference call will be broadcast live on Exela's Investor Relations website at http://investors.exelatech.com. Fourth Quarter 2023 Results Webcast and Call Access Information Date:April 17, 2024 Time:4:30 p.m. (ET) Webcast
Preliminary Second Quarter Highlights Revenue of $272.9 million, up 2.3% year-over-year (up 2.5% on a constant currency basis)Net loss of $30.9 millionGross profit(1) of $60.9 million, up 23.0% or $11.4 million year-over-year, with a corresponding margin of 22.3% and up 3.8% year-over-year and up 1.4% sequentiallyAdjusted EBITDA of $40.9 million, up 12.1% year-over-year, with a corresponding margin of 15.0% and up 17.8% sequentially$106.2 million in new TCV(2) wins and renewal of $32.8M TCV reflect strength of award-winning best-in-class solutions and servicesLong-term Liability(3) reduced to $792 million from $1.608 billionValue enhancing initiatives include Completion of Debt Recapitaliza
IRVING, Texas, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a global business process automation ("BPA") leader, will host a conference call with the financial community to discuss results for the second quarter 2023 at 8:30 a.m. ET on August 14, 2023. Exela will issue a press release reporting its results before the start of the call. Hosting the call and reviewing the results will be Par Chadha, Executive Chairman, and Shrikant Sortur, Chief Financial Officer. Following the review, there will be a question and answer session. The conference call will be broadcast live on Exela's Investor Relations website at htt
First Quarter Highlights Revenue of $273.6 million, down 2.1% year-over-year (0.9% on a constant currency basis)Net loss of $45.4 millionGross profit(1) of $57.2M, up $9M sequentially and gross margin improved to 20.9%Adjusted EBITDA of $34.7M$64.9M new TCV and renewal of $43.3M TCV reflect strength of award-winning best-in-class solutions and servicesValue enhancing initiatives: Project Neon, XBP Europe and Recapitalization of Debt progressingResults of the Special Meeting of Shareholders to be announced by May 12, 2023 Conference call scheduled for May 11, 2023 at 9:00 AM ET IRVING, Texas, May 11, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XEL
IRVING, Texas, May 10, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))), a global business process automation ("BPA") leader, will host a conference call with the financial community to discuss results for the first quarter 2023 at 9:00 a.m. ET on May 11, 2023. Exela will issue a press release reporting its results before the start of the call. Hosting the call and reviewing the results will be Par Chadha, Executive Chairman, and Shrikant Sortur, Chief Financial Officer. Following the review, there will be a question and answer session. The conference call will be broadcast live on Exela's Investor Relations website at https://investor