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Jun 30, 2024
Exela Q2 2024 Earnings Report
Revenue decreased year-over-year, but gross margin increased. Operating loss was reported compared to an operating profit in the same quarter last year. Net loss improved compared to the same quarter last year.
Key Takeaways
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.
Revenue was $245.7 million, down 10.0% year-over-year.
Gross margin was 23.5%, up 120 bps year-over-year.
Operating loss was $2.4 million, versus $11.2 million operating profit year-over-year.
Net loss was $26.9 million, an improvement of $4.0 million year-over-year.
Exela
Exela
Exela Revenue by Segment
Revenue by Segment
Information & Transaction Revenue
CapyFin.comHealthcare Solutions Revenue
CapyFin.comLegal & Loss Prevention Revenue
CapyFin.com Forward Guidance
Exela Technologies did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income