Brief: Exela Technologies Inc Files Non-Timely 10-K With U.S SEC

Exela Technologies

17/03/2023 10:27

March 17 (Reuters) - Exela Technologies Inc  XELA.O :
    * EXELA TECHNOLOGIES INC FILES NON-TIMELY 10-K WITH U.S SEC
    * EXELA TECHNOLOGIES-REQUIRES ADDITIONAL TIME TO COMPLETE
FINANCIAL STATEMENT PREPARATION, REVIEW PROCESS, ASSESSMENT OF
INTERNAL CONTROL OVER REPORTING
    * EXELA TECHNOLOGIES - EXPERIENCED UNEXPECTED DELAYS IN
COMPILING,
ANALYZING SUPPORTING DOCUMENTATION RELATED TO ITS ANNUAL
GOODWILL IMPAIRMENT ANALYSIS
    * EXELA TECHNOLOGIES INC - ALSO EXPECTS TO CONTINUE TO
REPORT
SUBSTANTIAL DOUBT EXISTS ABOUT ITS ABILITY TO CONTINUE AS A
GOING CONCERN
    * EXELA TECHNOLOGIES - EXPERIENCED UNEXPECTED DELAYS IN
COMPILING
AND ANALYZING SUPPORTING DOCUMENTATION RELATED TO ACCOUNTING FOR
INCOME TAX PROVISION
    * EXELA TECHNOLOGIES INC - EXPECTS TO REPORT TOTAL REVENUES
OF
$1.08 BILLION FOR THE YEAR ENDED DEC 31, 2022
    * EXELA TECHNOLOGIES INC - EXPECTS TO FILE ITS 2022 FORM
10-K
WITHIN THE 15 CALENDAR DAY EXTENSION PROVIDED BY RULE 12B-25.
    * EXELA TECHNOLOGIES - EXPECTS TO REPORT NET LOSS FOR YEAR
ENDED
DEC 31, 2022 HIGHER THAN NET LOSS OF $142 MILLION REPORTED A
YEAR EARLIER
    * EXELA TECHNOLOGIES-WILL DISCLOSE IN 2022 FORM 10-K CO’S
DISCLOSURE CONTROLS, INTERNAL CONTROL OVER FINANCIAL REPORTING
WERE NOT EFFECTIVE AS OF DEC 31, 2022

Further company coverage:  XELA.O 

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