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Tag: Exela

  • How Could This Cause Exela Technologies (XELA) Stock To Rise Premarket?

    How Could This Cause Exela Technologies (XELA) Stock To Rise Premarket?

    In Tuesday’s premarket session, shares of Exela Technologies Inc. (XELA) were trading at $2.82, up 14.63%. At the close of the last trading session, Exela stock was trading at $2.46 with an increase of 1.23%. A total of 25.11 million shares of Exela Technologies were traded on Monday, below the 75.72 million shares traded on average during the last 50 days.

    Over the last one month, the XELA stock has increased 86.36%, while the shares of Exela Technologies have fallen -19.34% over the last five days. XELA stock price has risen 18.27% over the past three months and has gained 97.45 percent so far this year. XELA stock is gaining premarket following record user addition in Q2 2021.

    How did XELA add record-breaking numbers of new users?

    Exela Technologies is a provider of business process automation (BPA) solutions that improve quality, productivity, and end-user experiences. XELA has a global footprint and proprietary technology to deliver smart solutions to organizations worldwide. XELA has over 4,000 customers across 50 countries, including over 60% of the Fortune 100, and has operated mission-critical processes for decades.

    As a leading provider of information management, workflow automation, and integrated communications solutions, XELA brings innovative solutions to industries including banking, healthcare, insurance, and the public sector. XELA’s software and services are industry-specific for banking, healthcare, and insurance.

    Exela announced today that their Digital Mailroom (“DMR”) and DrySign solutions added an unprecedented number of new users during the second quarter of 2021.

    • DMR and Drysign have both grown in the preceding 90 days, with DMR growing by 99% in the SMB customer base and Drysign growing by 144% in the user base.
    • The rapid growth of XELA’s SMB solutions has been a contributing factor to all the positive feedback that it is receiving from its customers.
    • Thousand of new users are joining XELA’s customer base each month and the company is building a marketplace.
    • A new Exela Technologies product, DrySign in India, as well as DMR in the UK, were released during the second quarter as part of its plan to launch into new geographies.
    • It is planned to launch DMR in France and Germany as the next large markets in the third quarter of this year.
    • Exela Technologies continues to develop DAG offerings for SMBs and the international markets it serves.

    How has Exela Technologies grown so rapidly?

    A thriving business opportunity awaits Exela (XELA) with cross-selling, expansion, and new logos coming into fruition through multiple channels. Digital transformation is enabling XELA’s customers to enjoy many benefits as their customer base grows every month. Furthermore, Exela made use of its technology as it continued to roll out additional products for SMBs.

  • Exela Technologies, Inc. (XELA) Stock Continues Rising After Expansion of Product Offerings

    Exela Technologies, Inc. (XELA) Stock Continues Rising After Expansion of Product Offerings

    Exela Technologies, Inc. (XELA) stock prices were up 4.48% shortly after the opening of market trading on July 12th, 2021, bringing the price per share up to USD$3.04.

    Expansion of Offerings

    July 12th, 2021 saw the company announce the expansion of its offering of AI-enabled automation in the BPA space. The company will do this via the combination of its Intelligent Document Processing with its robotic process automation platform. The automation solution will be a frontrunner of the industry and will be deployed in the healthcare and public sector, further consolidating XELA as an industry leader.

    Intelligent Document Processing

    Intelligence Document Processing will enable the automation of document classification, data extraction, and data, made possible by the routing into a cloud or on-premise hosted service portal. This portal can be accessed from anywhere at any time, facilitating the provision of a containerized, dynamically scaling solution.

    Utility of IDP

    The use of the IDP system allows the company to leverage its extensive and growing library of machine learning-based classifiers. These classifiers substantially enhance the automation of document processing in the healthcare and public sector. XELA has plans to increase the scope of its projects in the finance and legal sectors in the short term future. The solution includes a modernized data solution build on the delivery of rule-based, character-level data correction capabilities that serve to drastically reduce the keystrokes required to meet customer service level targets. The IDP manual entry solution allows the company to leverage manual entry operators that can work remotely from anywhere while preserving data security using a proprietary snippet routing engine.

    Combination with EON

    Furthermore, EON will facilitate the automation of simple or complex workflows to usher in efficiency and accuracy gains, while also freeing up human capital to be allocated towards other higher-value uses. The automation platform facilitates the automation of both attended and unattended automation deployments. The company continues to expand its portfolio of solutions to meet the changing requirements of its consumer base, with the latest IDP and EON combination embracing the evolution of work to an accessibility-oriented environment that customers and their employees having been embracing since the onset of the global pandemic.

    Future Outlook of XELA

    The company is poised to capitalize on the opportunities afforded to it in regard to the development of its offerings. With a focus on hasty commercialization and effective proliferation of its products, the company is keen to usher is substantial and sustained increases in shareholder value.

  • Why Did XELA Stock Plummeted Premarket?

    Why Did XELA Stock Plummeted Premarket?

    XELA Technologies Inc. (XELA) shares fell -15.50% to $2.78 in premarket trading. Last trading session, Exela stock gained 22.76% to $3.29. There were 328.21 million shares traded, which far higher than the average daily trading volume of 32.59 million shares over the last 50 days. Over the past 5-day period, XELA stock has lost 40.60%, but over the past month, it has gained 110.90%.

    This year, XELA shares have surged 146.00 percent since the start of the year. During the past three months, the stock price has risen 48.20%. XELA stock is plummeting even after reporting significant boost to cash and cash equivalents as the investors seem to be taking profits after the gain obtained in past session.

    How has XELA improved its liquidity position?

    With a global footprint and proprietary technology, Exela is one of the leading providers of business process automation (BPA) solutions that enhance quality, productivity, and end-user satisfaction. In addition to serving more than 4,000 clients throughout 50 countries, including more than 60% of the Fortune 100, XELA has decades of experience operating mission-critical processes. As a provider of end-to-end digital journey platforms, XELA releases integrated technology and operations in rapid sequence using cloud-based platforms and modules, with a worldwide workforce of more than 18,300 employees.

    It was announced today that Exela’s recently announced $150 million at-the-market equity program raised $85 million of proceeds which significantly improved liquidity position.

    • In accordance with a previously announced strategic initiative, XELA plans to use the proceeds of the equity program to reduce its debt and associated interest expenses as well as investigate ways to invest in its growth.
    • Exela intends to reduce its debt service by $25 million annually as a first step.
    • Retail investors and its shareholders at large have been the largest supporters of the XELA, while the company has been performing well recently.
    • XELA will be able to fund its growth through greater liquidity, helping it to better leverage its technology-enabled business services model.
    • Also, XELA will create significant value for equity holders by reducing its debt service by $25 million annually as it implements its strategic deleveraging.
    • XELA had over $205 million in cash and cash equivalents as of June 30, 2021.
    • As part of its credit facilities, XELA had additional borrowing capacity of $75 million available on case-by-case basis.

    XELA’s plan going forward:

    Exela (XELA) anticipates gaining access to this additional borrowing capacity in the near future, even though its $145 million A/R securitization contains $53 million available for borrowing. On its upcoming 2021 second quarter Financial Results Call, XELA will provide more information on additional steps under the strategic initiative.

  • What Is Leading The XELA Stock To Decline Premarket Session?

    Exela Technologies Inc. (XELA) is in the red today in the premarket session, falling -1.26% to $2.36 at the last check. XELA stock rose 2.14% to $2.39 on Wednesday but was down -7.95% to trade at $2.20 in afterhour trades. XELA stock volume on the day was 436.52 million, up from 8.81 million on average in the last 3 months.

    For XELA stock, the 50-day moving average is $1.65, and the 200-day moving average is $1.76. Additionally, the XELA stock is currently trading at 76.06 on the Relative Strength Index. Investors appeared to be taking profits after the XELA stock surged last session.

    Why did XELA surge in regular session?

    Exela Technologies is a business process automation (BPA) leader. XELA’s proprietary technology enables it to provide digital transformation solutions that are designed to increase quality, productivity, and end-user satisfaction. In addition to serving more than 4,000 customers throughout 50 countries, XELA has more than 60% of Fortune 100 companies as clients.

    In a statement yesterday, Exela Technologies announced that it has completed its $100 million at-the-market equity plan, which was announced on May 27, 2021.

    Additionally, XELA has established an equity investment program worth $150 million. XELA intends to use the net proceeds from the offering to repay debt, acquire or license additional product candidates, businesses, as well as raising working capital.

    Exela, in a separate statement yesterday announced that the Digital Mailroom (DMR) platform is now available for small and midsize businesses (SMBs) in the UK to sign up online.

    • More employees are choosing to work from home as the remote working trend gains wider acceptance in the operations of small businesses.
    • XELA DMR will serve this rapidly growing customer base across Europe, beginning with the UK.
    • Enterprise customers from across Europe have already access to the DMR platform through XELA.
    • A virtual office address helps small and medium businesses and startups, as well as individuals in the UK get their mail as digitized documents accessible through the DMR portal, and businesses and professionals can now register for the XELA DMR.
    • Users can choose from a variety of pricing plans and signup easily for XELA, which is a multi-industry solution.
    • The DMR service offers add-on services like parcel delivery as well as several inbuilt features such as eSignatures, data redactions and storage in addition to digitized delivery of documents.

    XELA’s disruptive approach to remote working:

    Exela (XELA)’s DMR offers an essential and valuable service for seamless business processes that goes hand-in-hand with the work from home trend. XELA’s goal with DMR is to enable businesses of any size to easily sign up and begin using its solutions since the way people and businesses work has drastically changed.