Exela Technologies, Inc. (XELA)
OTCMKTS · Delayed Price · Currency is USD
0.0020
0.00 (0.00%)
Sep 28, 2026, 1:36 PM EST
Exela Technologies Earnings Call Transcripts
Fiscal Year 2024
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Q3 2024 revenue grew 6.3% year over year to $269.2 million, with strong ITPS growth offset by declines in other segments. Gross margin fell to 20.2% due to higher postage costs, and the company was delisted from Nasdaq but expects no operational disruption.
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Second quarter revenue declined 10% year-over-year, but gross margin improved to 23.5%. Adjusted EBITDA was $13.7 million, including a $10.1 million write-down, and over $40 million in new annual contract value was won.