Exela Technologies reported a decrease in revenue but an increase in gross margin for Q2 2024. The company experienced an operating loss compared to an operating profit in Q2 2023, while the net loss improved year-over-year. The revenue for the quarter was $245.7 million, a 10.0% decrease compared to the previous year. Gross margin increased to 23.5%, up 120 bps year-over-year. Operating loss was $2.4 million, compared to an $11.2 million operating profit in the prior year. Net loss was $26.9 million, an improvement of $4.0 million year-over-year.