NASDAQ$XELA
Exela Technologies Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
Exela · Revenue · Quarterly
$246M
Forward guidance
Exela Technologies did not provide specific forward guidance in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-2.8%
Avg return
Earnings day
-9.1%
Avg return
5 days after
-19.5%
Avg return
30 days after
37%
13 / 35 earnings
Positive
+30.7%
Q4 2019
Best reaction
-42.4%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2025 | +3.8% | +28.7% | -27.8% | |
| Q4 2024 | +8.9% | +8.9% | -35.6% | |
| Q3 2024 | +3.5% | -5.3% | +5.3% | |
| Q2 2024 | -0.9% | -5.1% | -4.6% | |
| Q1 2024 | -5.0% | +3.3% | -12.4% | |
| Q2 2023 | -17.8% | -11.6% | -27.7% | |
| Q3 2023 | -2.3% | -3.0% | -29.9% | |
| Q4 2023 | -3.6% | -10.4% | -31.1% | |
| Q4 2022 | -8.5% | -1.9% | -21.4% | |
| Q1 2023 | -8.5% | -10.3% | -15.4% | |
| Q3 2022 | -0.1% | -18.7% | -57.9% | |
| Q2 2022 | -10.7% | -2.7% | -44.1% | |
| Q1 2022 | -0.4% | -5.4% | -23.0% | |
| Q4 2021 | -42.4% | -40.4% | -57.8% | |
| Q3 2021 | -15.2% | -20.2% | -45.6% | |
| Q2 2021 | +2.0% | -13.1% | -24.8% | |
| Q4 2020 | -2.0% | -10.1% | -22.1% | |
| Q1 2021 | +0.5% | -0.9% | -11.4% | |
| Q3 2020 | -4.8% | -8.1% | -8.1% | |
| Q1 2020 | -25.0% | -33.9% | -15.1% | |
| Q2 2020 | -25.0% | -33.9% | -15.1% | |
| Q4 2019 | +30.7% | +7.5% | +15.0% | |
| Q3 2019 | -0.7% | -43.8% | -52.6% | |
| Q2 2019 | +8.4% | -45.6% | -45.1% | |
| Q1 2019 | -0.9% | -12.3% | -39.0% | |
| Q3 2018 | +5.6% | -20.1% | -30.8% | |
| Q2 2018 | +3.1% | +5.2% | +23.3% | |
| Q1 2018 | +0.2% | +0.2% | +11.6% | |
| Q3 2017 | -2.5% | -1.8% | -6.4% | |
| Q2 2017 | +9.6% | -4.2% | -10.5% | |
| Q1 2017 | +0.0% | +0.0% | +0.0% | |
| Q4 2016 | -0.7% | -0.7% | -1.0% | |
| Q3 2016 | +0.0% | +0.0% | -0.2% | |
| Q2 2016 | +0.6% | -0.3% | +0.1% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — |
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