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Jun 30, 2022
Exela Q2 2022 Earnings Report
Announced preliminary financial results for the second quarter ended June 30, 2022.
Key Takeaways
Exela Technologies reported its Q2 2022 financial results, highlighting a capital deployment strategy focused on debt reduction and growth investments, with $58.2 million raised from equity offerings and a $118 million reduction in total debt compared to Q1 2022.
Began implementing the next step of the Capital Deployment Strategy in Q2.
Raised $58.2 million in gross proceeds from equity offerings in Q2 2022.
Reduced total debt by $118 million compared to Q1 2022.
Experienced a network security incident in late June 2022, impacting operations and resulting in some revenue loss.