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Sep 30, 2022
Exela Q3 2022 Earnings Report
Announced financial results for the third quarter ended September 30, 2022.
Key Takeaways
Exela Technologies reported a Q3 2022 operating loss of $47.5 million, compared to an operating income of $2.4 million in Q3 2021. The company raised $67.6 million in gross proceeds from equity offerings. Total debt increased by $18.6 million compared to Q2 2022.
Operating loss for Q3 2022 was $47.5 million, compared with operating income of $2.4 million in Q3 2021.
The year over year change was due to the gross profit decline of $21.3 million and goodwill impairment charge of $29.6 million.
Raised a total of $67.6 million in gross proceeds from equity offerings in Q3 2022.
Total debt increased by $18.6 million compared to Q2 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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