XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 269,168 $ 253,125 $ 773,632 $ 799,683
Cost of revenue (exclusive of depreciation and amortization) 214,907 198,450 604,859 626,976
Selling, general and administrative expenses (exclusive of depreciation and amortization) 35,088 35,367 117,720 111,774
Depreciation and amortization 13,039 14,398 41,529 45,848
Impairment of goodwill 343   343  
Operating profit 3,193 2,065 910 6,389
Other expense (income), net:        
Interest expense, net 23,446 24,708 67,663 113,980
Debt modification and extinguishment costs (gain), net 256 (571) 256 (16,129)
Sundry expense, net 106 298 1,783 2,546
Other income, net (440) (1,069) (1,314) (1,583)
Loss before income taxes (20,175) (21,301) (67,478) (92,425)
Income tax expense (4,762) (1,807) (9,937) (7,005)
Net loss (24,937) (23,108) (77,415) (99,430)
Net loss attributable to noncontrolling interest in XBP Europe, net of taxes (915)   (2,837)  
Net loss attributable to Exela Technologies, Inc. (24,022) (23,108) (74,578) (99,430)
Net loss attributable to common stockholders $ (26,388) $ (25,298) $ (81,530) $ (105,865)
Basic (in dollars per share) $ (4.15) $ (3.97) $ (12.81) $ (18.08)
Diluted (in dollars per share) $ (4.15) $ (3.97) $ (12.81) $ (18.08)
Series A Preferred Stock        
Other expense (income), net:        
Cumulative dividends for Preferred Stock $ (1,105) $ (1,002) $ (3,225) $ (2,923)
Series B Preferred Stock        
Other expense (income), net:        
Cumulative dividends for Preferred Stock (1,261) (1,188) (3,727) (3,512)
Related party        
Related party expense $ 2,598 $ 2,845 $ 8,271 $ 8,696