NASDAQ$XELA

Exela Technologies Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Exela reported preliminary Q4 and full year 2021 financial results.

Exela Technologies reported its financial results for the fourth quarter and full year ended December 31, 2021. The company met its latest revenue expectations for the full year 2021 and produced higher gross profit dollars despite lower year-over-year revenue. The completion of the debt exchange offer reduced the overall amount of debt and will substantially reduce debt interest expense.

  • Exela raised a total of $407 million in gross proceeds from equity offerings.
  • Exela repurchased or repaid an aggregate principal amount of $438.8 million of its debt as of December 31, 2021 resulting in a year-over-year reduction in our Long-term debt of $454 million.
  • Exela expects its annual operating cash flow to improve by approximately $50 million in 2022.
  • Exela exchanged all such shares of Common Stock for a total of 883,844 shares of Series B Preferred Stock.

Headline financials

Total Revenue

$294M

Previous: $314M-6.3%
EPS (adj)

-$68.00

Previous: -$366.00+81.4%
Capital Expenditures

$7.62M

Previous: $4.77M+59.8%
Free Cash Flow

-$45.6M

Previous: $31.6M-244.2%
Net Income

-$70.6M

Previous: -$88.9M+20.5%
Operating Income

-$10.7M

Previous: -$13.9M+23.3%
Gross Profit

$58.6M

Previous: $59.1M-0.8%
Cash & Equivalents

$20.8M

Previous: $68.2M-69.5%
Total Assets

$1.04B

Previous: $1.16B-10.4%
Stock-Based Comp

$2.42M

Previous: $366K+561.5%

Revenue & EPS history

Exela · Revenue · Quarterly

$294M

Q4 2021-6.3%vs Q4 2020
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Forward guidance

Exela expects further improvements within its underlying business that will lead to additional improvements in margins and cash flow in future periods. Exela plans to continue working on expanding its financial flexibility with the objective to improve consolidated cash flows from all activities.

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 Q4 2021

Historical avgQ4 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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