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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 245,653 $ 272,938 $ 504,464 $ 546,558
Cost of revenue (exclusive of depreciation and amortization) 187,964 212,059 389,952 428,526
Selling, general and administrative expenses (exclusive of depreciation and amortization) 41,778 32,026 82,632 76,407
Depreciation and amortization 14,983 14,890 28,490 31,450
Operating profit (2,354) 11,224 (2,283) 4,324
Other expense (income), net:        
Interest expense, net 23,129 45,092 44,217 89,272
Debt modification and extinguishment costs (gain), net   (6,785)   (15,558)
Sundry (income) expense, net (204) 1,500 1,677 2,248
Other income, net (423) (232) (874) (514)
Loss before income taxes (24,856) (28,351) (47,303) (71,124)
Income tax expense (2,049) (2,535) (5,175) (5,198)
Net loss (26,905) (30,886) (52,478) (76,322)
Net loss attributable to noncontrolling interest in XBP Europe, net of taxes (1,228)   (1,922)  
Net loss attributable to Exela Technologies, Inc. (25,677) (30,886) (50,556) (76,322)
Net loss attributable to common stockholders $ (27,986) $ (33,024) $ (55,142) $ (80,567)
Basic (in dollars per share) $ (4.40) $ (5.19) $ (8.66) $ (14.40)
Diluted (in dollars per share) $ (4.40) $ (5.19) $ (8.66) $ (14.40)
Series A Preferred Stock        
Other expense (income), net:        
Cumulative dividends for Preferred Stock $ (1,067) $ (967) $ (2,120) $ (1,921)
Series B Preferred Stock        
Other expense (income), net:        
Cumulative dividends for Preferred Stock (1,242) (1,171) (2,466) (2,324)
Related party        
Related party expense $ 3,282 $ 2,739 $ 5,673 $ 5,851