
Exela Technologies Income Statement 2023-2011 | XELA
Brief overview of financial results at Exela Technologies
The conclusions below are based on five years of reported results. Revenue at Exela Technologies moved from $386 million in 2017 to $1.1 billion in 2022. The total change was +178.8%, with a CAGR of approximately 22.8%. The company expanded its revenue base at a high speed.
At the gross-profit level, the result moved from 318 million dollars to 200 million dollars, a change of −37.3%. The relationship between sales and direct costs improved over the period. At the margin level, the figure shifted from 82.4% to 18.5%. The margin decline reflects a less favorable sales-and-cost structure.
EBITDA was −$5.5 million at the beginning and −$157 million at the end of the period (−2766.1%). Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin moved from −1.4% to −14.6%. A lower EBITDA share weakens the quality of the result.
The net financial result changed from −209 million dollars to −416 million dollars. Larger losses indicate rising pressure on the business.
Market capitalization changed from 2.6 billion dollars to 12.3 thousand dollars (−100%). The market is not yet fully reflecting the fundamental progress.
Summary assessment
The financial trajectory is weak and requires a cautious interpretation. The positive side is supported by revenue expansion. The most visible risks are weaker operating efficiency, a weaker final result and lower investor confidence. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Exela Technologies
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
14.4 M | 12.3 K | 6.7 M | 5.31 M | 37.4 M | 1.76 B | 2.6 B | 1.94 B | 1.89 B | - | - | - | - |
Shares |
5.98 M | 308 K | 10.4 M | 2.46 M | 48.6 M | 148 M | 151 M | 64 M | 64 M | 8.75 M | - | - | - |
Historical Prices |
2.41 | 0.04 | 0.647 | 2.16 | 0.771 | 11.9 | 17.3 | 30.2 | 29.6 | - | - | - | - |
Net Income |
-125 M | -416 M | -70.6 M | -179 M | -509 M | -170 M | -209 M | -48.1 M | -44.9 M | -53.3 K | - | - | - |
Revenue |
- | 1.08 B | 294 M | 1.29 B | 1.56 B | 1.59 B | 386 M | 212 M | 805 M | - | - | - | - |
Cost of Revenue |
- | 219 M | 236 M | 1.02 B | 1.22 B | 1.21 B | 828 M | 519 M | - | - | - | - | - |
Gross Profit |
231 M | 200 M | 278 M | 269 M | 338 M | 373 M | 318 M | - | - | - | - | - | - |
Operating Income |
8.05 M | -229 M | -10.7 M | -16.4 M | -321 M | -10.7 M | -104 M | 50.2 M | 40.3 M | -53.3 K | - | - | - |
Interest Expense |
884 K | -14.2 M | 768 K | 34.8 M | -14.4 M | 3.03 M | 1.3 M | 1.19 M | 156 K | - | - | - | - |
EBITDA |
68.6 M | -157 M | 8.36 M | 77.5 M | -220 M | 127 M | -5.48 M | 130 M | 116 M | -53.3 K | - | - | - |
Operating Expenses |
- | - | - | - | - | 330 M | 320 M | 120 K | 110 K | - | - | - | - |
General and Administrative Expenses |
151 M | 177 M | 48.3 M | 186 M | 199 M | 185 M | 221 M | 1.13 M | 1.03 M | 53.3 K | - | - | - |
All numbers in USD currency
Quarterly Income Statement Exela Technologies
| 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
6.37 M | 6.37 M | 6.37 M | 6.37 M | 6.37 M | 6.37 M | 963 M | 1.39 M | 63.1 M | 25.3 M | 344 M | 13.3 M | 151 M | 61.5 M | 50.6 M | 49.2 M | 148 M | 148 M | 147 M | 48.7 M | 150 M | 150 M | 150 M | 148 M | 152 M | 152 M | 152 M | 151 M | 139 M | 10.5 M | 10.5 M | 64 M | 10.4 M | 10.4 M | 10.4 M | 10.4 M | 10.4 M | 10.4 M | 9.96 M | 10.1 M | 8.75 M | 10.1 M | 10.1 M | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-24 M | -25.7 M | -24.9 M | - | -23.1 M | -30.9 M | -45.4 M | - | -85.3 M | -79.2 M | -57 M | -70.6 M | -13.2 M | -19.4 M | -39.2 M | -88.9 M | -28.3 M | -48.7 M | -12.7 M | -304 M | -133 M | -34.1 M | -29.9 M | -86.5 M | -28.9 M | -25.2 M | -24 M | -58.7 M | -110 M | 23.4 K | -387 K | -14.7 M | 52.6 K | 67 K | -58.9 K | -111 K | -93.9 K | 10.4 K | -177 K | -28.9 K | -24.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
269 M | 246 M | 259 M | - | 253 M | 273 M | 274 M | - | 264 M | 267 M | 279 M | 294 M | 279 M | 293 M | 300 M | 314 M | 305 M | 308 M | 365 M | 394 M | 373 M | 390 M | 404 M | 400 M | 383 M | 410 M | 393 M | 386 M | 338 M | 209 M | 218 M | 212 M | 186 M | 191 M | 200 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
- | - | - | - | - | - | 216 M | - | 218 M | 217 M | 224 M | 236 M | 212 M | 209 M | 233 M | 255 M | 234 M | 242 M | 293 M | 315 M | 291 M | 298 M | 307 M | 307 M | 297 M | 315 M | 295 M | 290 M | 255 M | 140 M | 144 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
54.3 M | 57.7 M | 56.8 M | - | 54.7 M | 60.9 M | 57.2 M | - | 46.2 M | 49.5 M | 55.9 M | - | 67.5 M | 83.9 M | 67.5 M | - | 71.1 M | 65.9 M | 72.9 M | - | 78.1 M | 87 M | 93.8 M | - | - | - | - | - | 83.3 M | - | - | - | 64.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
3.19 M | -2.35 M | 71 K | - | 2.06 M | 11.2 M | -6.9 M | - | -47.5 M | -20.9 M | -7.34 M | -10.7 M | 2.42 M | 25.4 M | 4.28 M | -13.9 M | 4.77 M | -5.07 M | -2.2 M | -250 M | -96.9 M | 12.3 M | 17.9 M | -40.6 M | 6.38 M | 11.9 M | 14.7 M | -51.2 M | -73.7 M | -260 K | -642 K | 11.6 M | -226 K | -265 K | -355 K | - | -144 K | -21.6 K | -197 K | - | -24.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
440 K | 423 K | 451 K | - | 1.07 M | 232 K | 282 K | - | 1.12 M | -7.38 M | -6.16 M | 768 K | -366 K | -651 K | -152 K | -10.9 M | 10.4 M | 584 K | 34.7 M | -10 M | -581 K | -2.71 M | -1.68 M | -2.57 M | 781 K | 704 K | 3.33 M | 1.3 M | -563 K | 283 K | 256 K | - | 279 K | 332 K | 296 K | - | 50.4 K | 32 K | 19.7 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
16.2 M | 12.6 M | 13.6 M | - | 16.5 M | 26.1 M | 9.66 M | - | -29.8 M | -2.89 M | 10.9 M | 8.36 M | 21.5 M | 44.8 M | 23.9 M | 11.9 M | 26.9 M | 17.8 M | 21 M | -225 M | -69.8 M | 39.5 M | 45.9 M | -6.92 M | 41.4 M | 48.3 M | 52.7 M | -23.1 M | -45.7 M | 21.1 M | 20.7 M | 32.8 M | 18.5 M | 20.7 M | 18.4 M | - | -144 K | -21.6 K | -197 K | - | -24.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 60 K | 30 K | - | 30 K | 60 K | 30 K | - | 30 K | 20 K | 20 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
35.1 M | 41.8 M | 40.9 M | - | 35.4 M | 32 M | 44.4 M | - | 44.4 M | 50.2 M | 43 M | 48.3 M | 43.2 M | 36.4 M | 41.9 M | 45.9 M | 42.8 M | 47 M | 50.4 M | 49.7 M | 50.4 M | 51.6 M | 49.9 M | 48.1 M | 44.9 M | 46.7 M | 45.6 M | 48.3 M | 102 M | 260 K | 642 K | 35.1 M | 226 K | 265 K | 355 K | 10 K | 144 K | 522 K | 197 K | - | 24.4 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Exela Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.