Exela Technologies, Inc. (NASDAQ:XELA) Q4 2022 Earnings Call Transcript

Par Chadha: No, you covered it well. You covered it well. It’s really the power of cloud operations and automation, giving us an opportunity to undo the damage of — caused by the inflation, tight job markets, which have dramatically increased our cost, I mean, to the tune of about a little over $75 million and gross profit dollars that we suffered in 2022, less than 2021. So the goal is to restore it back to those levels.

Operator: That concludes our question-and-answer session. I would like to turn the conference back over to Vincent Kondaveeti for any closing remarks.

Vince Kondaveeti: Great. Thank you, everyone for dialing in, and we appreciate you taking the time with us. And in closing, we’d like to thank everyone and look forward to updating you as we make progress throughout the year. Thank you very much. We’ll talk soon.

Par Chadha: Before we sign off, I’d like to also point out that we are going to hold another shareholder session, which will be hosted like the last time that we held in late November or early December, in the coming several weeks. Look forward to speaking to some of our shareholders and answering their direct questions in that since this was a very short Q&A. I hope we have a more integrated questions and able to address many of your questions. Thank you very much. Have a good one.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.