NASDAQ$XELA

Exela Technologies Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Exela reported preliminary results with revenue of $279.2 million and a loss per share of $0.09.

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.

Headline financials

Total Revenue

$279M

Previous: $305M-8.5%
EPS (adj)

-$20.00

Previous: -$366.00+94.5%
Capital Expenditures

-$6.95M

Previous: -$6.89M-0.8%
Free Cash Flow

-$80.5M

Previous: -$73.1M-10.2%
Net Income

-$13.2M

Previous: -$28.3M+53.3%
Operating Income

$2.42M

Previous: $4.77M-49.3%
Gross Profit

$67.5M

Previous: $71.1M-5.0%
Cash & Equivalents

$146M

Previous: $37.2M+293.2%
Total Assets

$1.18B

Previous: $1.17B+0.9%
Stock-Based Comp

$539K

Previous: $698K-22.8%

Revenue & EPS history

Exela · Revenue · Quarterly

$279M

Q3 2021-8.5%vs Q3 2020
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Forward guidance

Exela expects its annual cash flow to improve by approximately $50 million in 2022, starting in Q4 2021.

Tailwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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