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Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect absolute figures. Results in LLPS are event driven and were negatively impacted by projects that generated lower revenue.
Exela does not consider these non-GAAP measures in isolation or as an alternative to liquidity or financial measures determined in accordance with GAAP.
A supplemental slide presentation that accompanies this call and webcast can be found on the investor relations website http: Exela Technologies Schedule 1: During the third quarter ofthe Company repurchasedshares.
Pro Forma Third Quarter vs. Tot al current asset s Property.
Exela Technologies Schedule 4: Exela serves over 3, customers across more than 50 countries, through a secure, cloud-enabled global delivery model. Exela partners with customers to improve user experience and quality through operational efficiency. These non-GAAP financial measures are not required to be uniformly applied, are not audited and should not be considered in isolation or as substitutes for results prepared in accordance with GAAP.
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About Exela Exela Technologies, Inc. The increasing market receptiveness to DigitalNowSM has exceeded our expectations, and therefore we have accelerated our investments for future profitable growth.
These forward-looking statements include statements regarding our industry, future events, the estimated or anticipated future results and benefits of the business combination of Quinpario Acquisition Corp.
Please refer to the pro forma revenue reconciliation contained in this press release for the third quarter of For more information, please refer to the reconciliation of reported to pro forma financial results ajc in the Schedules to this press release.
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Exela Technologies Schedule 2: In addition, they are subject to inherent limitations as they reflect the exercise of judgments by zond about which expenses and income are excluded or included in determining these non-GAAP financial measures and therefore the basis of presentation for these measures may not be comparable to similarly-titled measures used by other companies.
Accordingly, due to that significant variability, we exclude these charges since we do not believe they truly reflect our past, current or future operating performance.
The primary pro forma adjustment aanc to include the results of Novitex for the period January 1, to June 30, Please refer to attached schedules for reconciliations. Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of Exela is a leader in work flow automation, attended and un-attended cognitive automation, digital mail rooms, print communications, and payment processing with deployments across the globe.
The replay passcode is All of these costs are variable and dependent upon the nature of the actions being implemented and can vary significantly driven by business needs. These statements are based on the current expectations of Exela management and 4.
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Optimization and restructuring expenses and merger adjustments are primarily related to the implementation of strategic actions and initiatives related to the Business Combination. F eig curr ency slsti 9 JUStme 3. Exela has also posted additional historical financial information regarding SourceHOV and on a combined basis to its investor relations website, http: Earnings Conference Call and Audio Webcast Exela will host a conference call to discuss its third quarter financial results today at 5: Adjusted EBITDA also seeks to remove the effects of integration and related costs to achieve the savings, any expected reduction in operating expenses due to the Business Combination, asset base such as depreciation and amortization and other similar non-routine items outside the control of our management team.
Financial information contained in this press release, unless otherwise stated, is presented pro forma for the business combination of Quinpario Acquisition Corp.
As of September 30,total shares outstanding were , which includes 1, of treasury stock and 5, shares for outstanding preferred shares on an as-converted basis.
Exela believes that the presentation of these non-GAAP financial measures will provide useful information to investors in assessing our financial performance, results of operations and liquidity and allows investors to better understand the trends in our business and to better understand and compare our results.
Assets acquired through capital lease arrangements 9, 2, Leasehold improvements funded by lessor 1, 74 Issuance of common stock as consideration for Novitex -Accrued capital expenditures 1, 3, Accretion of dividend equivalents - 16,
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