Exela Technologies reported Q3 2024 revenue of $269.2 million, up 6.3% from $253.1 million in Q3 2023. The ITPS segment led growth with an 11.5% increase to $192.0 million, while HS and LLPS segments declined by 5.3% and 2.4% respectively. Operating profit improved to $3.2 million from $2.1 million year-over-year.Net loss widened to $24.9 million from $23.1 million in Q3 2023, impacted by $23.4 million in interest expenses and $4.8 million in income tax expenses. Cost of revenue increased 8.3% to $214.9 million, while selling, general and administrative expenses decreased slightly to $35.1 million. The company recorded a $0.3 million goodwill impairment charge during the quarter.The company faces substantial going concern risks due to its working capital deficit of $262.8 million, accumulated deficit of $2.2 billion, and delisting from Nasdaq on November 8, 2024. Management is pursuing debt reduction, refinancing and potential asset sales to improve liquidity. The company's common stock now trades on the OTC Pink market under "XELA".

Exela Technologies reported Q3 2024 revenue of $269.2 million, up 6.3% from $253.1 million in Q3 2023. The ITPS segment led growth with an 11.5% increase to $192.0 million, while HS and LLPS segments declined by 5.3% and 2.4% respectively. Operating profit improved to $3.2 million from $2.1 million year-over-year.Net loss widened to $24.9 million from $23.1 million in Q3 2023, impacted by $23.4 million in interest expenses and $4.8 million in income tax expenses. Cost of revenue increased 8.3% to $214.9 million, while selling, general and administrative expenses decreased slightly to $35.1 million. The company recorded a $0.3 million goodwill impairment charge during the quarter.The company faces substantial going concern risks due to its working capital deficit of $262.8 million, accumulated deficit of $2.2 billion, and delisting from Nasdaq on November 8, 2024. Management is pursuing debt reduction, refinancing and potential asset sales to improve liquidity. The company's common stock now trades on the OTC Pink market under "XELA".