XELA - Dividend announcements

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

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

Actions by Exela Senior Management and Board Indicate a Disregard for Shareholder Value, Possible Corporate Governance Failures, and Possible Breaches of Fiduciary Duties to the Shareholders of the Company  Shareholder Action is Required Immediately to Hold the Board and Company Management Accountable and Prevent Further Value Destruction Shareholder Representation on the Board and Corporate Governance Changes Are Needed Immediately BEVERLY HILLS, Calif., Nov. 7, 2022 /PRNewswire/ -- Today, X, LLC released the following open letter to shareholders of Exela Technologies, Inc. (NASDAQ:XELA, XELAP, CFFE)))

IRVING, Texas, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela") (NASDAQ: XELA, XELAP), today announced that its Board of Directors has declared the payment of a dividend on the Company's outstanding 6.00% Series B Cumulative Perpetual Convertible Preferred Stock ("Series B Preferred Stock"). In accordance with the terms of the Series B Preferred Stock, the Board of Directors declared a dividend of $0.375 per share of Series B Preferred Stock for the quarter ending September 30, 2022.  This dividend is payable in cash on September 30, 2022, to Series B Preferred stockholders of record as of September 20, 2022.  About Exela TechnologiesExela Technologies is a business

IRVING, Texas, June 10, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela") (NASDAQ: XELA, XELAP), today announced that its Board of Directors has declared the payment of a dividend on the Company's outstanding 6.00% Series B Cumulative Perpetual Convertible Preferred Stock ("Series B Preferred Stock"). In accordance with the terms of the Series B Preferred Stock, the Board of Directors declared a dividend of $0.46 per share of Series B Preferred Stock for the quarter ending June 30, 2022 and inclusive of the 20 days in March 2022 when the Series B Preferred Stock was first issued.  This dividend is payable in cash on June 30, 2022, to Series B Preferred stockholders of record as

IRVING, Texas, June 06, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA, XELAP))) today announced the next step in its multipart Capital Deployment Strategy ("Strategy"), previously announced on September 30, 2021 as part of a broader mandate to maximize shareholder value, proactively negotiate our remaining debt maturities and reduce the overall amount of debt along with repurchases of common stock. The Company remains focused on strengthening its financial foundation for improved cash flow generation which is essential for shareholder value expansion. The Company's Strategy calls for initiating sale processes for several stand-alone assets that

IRVING, Texas, May 17, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or the "Company") (NASDAQ:XELA) announced the successful completion of its previously announced offer to exchange shares of its Common Stock for its 6.00% Series B Cumulative Convertible Perpetual Preferred Stock (the "Series B Preferred Stock"), with each 20 shares of Common Stock being exchanged for one share of Series B Preferred Stock having a liquidation preference of $25.00 per share (the "Offer"). The Offer expired at 11:59pm, New York City time, on Monday, May 16, 2022 (the "Expiration Date"). Pursuant to the Offer, approximately 41,615,860 shares of Common Stock (excluding shares tendered pursuant t

Shareholders can exchange blocks of 20 shares of common stock into a $25 liquidation preference, 6% cumulative dividend, voting, convertible preferred stock$25 liquidation preference represents a 257% premium to the closing share price of $0.35 on April 15, 2022 on a per share of common stock equivalent basisShares tendered will be retired, reducing share count by approximately 20.6%Holders of Series B Preferred Stock will also be entitled to exchange their shares for an equivalent number of shares of the new class of preferred stock plus a cash payment equal to accrued but unpaid dividendsFor record holders of stock the expiration time of the offer is 11:59 p.m. on May 16, 2022.Shareholders

Revenue of $300.1 million and Adjusted EBITDA of $46.5 millionReiterates 2021 Financial Guidance SMB business showing robust growthConference Call Scheduled for May 4, 2021 at 11:00 AM ET First Quarter 2021 Highlights: Revenue of $300.1 million, a decline of 17.9% from Q1 2020Gross profit(1) margin of 22.5%, an increase of 250 basis points from Q1 2020 and 370 basis points from Q4 2020Operating income of $4.3 million, compared with operating loss of $2.2 million in Q1 2020Net loss of $39.2 million, compared with a loss of $12.7 million in Q1 2020EBITDA(2) of $23.5 million, compared with $54.6 million in Q1 2020Adjusted EBITDA(3) of $46.5 million, an increase of 4.7% from $44.4 million in Q

5 consecutive quarters of revenue guidance achieved4Q Net Loss $88.9 million, 2020 Net Loss $178.5 million4Q Adjusted EBITDA $37.2 million, 2020 Adjusted EBITDA $173.4 millionDigital Assets accelerate to 8% of 2020 revenueAdded $182 million of ACV including 14 new logos in 2020Recently announced First Cloud Based PCH Global Contract valued at $90 millionAdding $26.8 million to March 12 liquidity levels(1) Fourth Quarter 2020 Highlights: Revenue of $314.1 million, a decline of 20.2% from Q4 2019Operating loss of $13.9 million, compared to operating loss of $249.5 million in Q4 2019Net loss of $88.9 million, compared with $304.1 million in Q4 2019EBITDA loss(2) of $8.6 million, compared to