Exela Technologies(XELA) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Exela Technologies, Inc. Reports Second Quarter 2024 Results August 15, 2024 Second Quarter Highlights • Revenue of $245.7 million, down 10.0% year-over-year • Gross margin of 23.5%, up 120 bps year-over-year • Interest expense of $23.1 million, down 48.7% year-over-year • SG&A of $41.8 million, up 30.5% year-over-year • Operating loss of $2.4 million, vs $11.2 million operating profit, year-over-year • Net loss of $26.9 million ($25.7 million attributable to Exela Technologies, Inc.), an impro ...