Exela Technologies, Inc.OTC: XELA

XELA: Q2 2024 saw revenue drop but improved margins and narrowed net loss amid liquidity challenges

· Issued by Exela Technologies, Inc.

Q2 2024 revenue declined 10% year-over-year to $246M, but gross margin improved to 23.5% and net loss narrowed by $4M. Adjusted EBITDA fell 39%, while liquidity and NASDAQ listing risks remain key concerns.

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