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Sep 30, 2021
Exela Q3 2021 Earnings Report
Exela reported preliminary results with revenue of $279.2 million and a loss per share of $0.09.
Key Takeaways
Exela Technologies reported third-quarter results with a focus on executing its strategy to speed up capital deployment, debt reduction, and cash flow improvement. The company's SMB business showed robust growth globally, and it expects further improvements in margins and cash flow in 2022.
Revenue for the quarter was $279.2 million.
Loss per share was $0.09.
EBITDA was $49.1 million, and adjusted EBITDA was $36.4 million.
Total liquidity was $227 million as of November 2, 2021.
Forward Guidance
Exela expects its annual cash flow to improve by approximately $50 million in 2022, starting in Q4 2021.
Positive Outlook
- Cash flow improvement is comprised of interest expense and loan amortization reduction of $37.5 million.
- Facility and other leases expense reduction of $12.5 million.
- Exela plans to continue working on expanding its financial flexibility.
- Objective to improve consolidated cash flows from all activities.
- SMB business continues to show robust growth globally
Historical Earnings Impact
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Avg. Return Before/After Earnings
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