secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001462418-22-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource Q3 net loss narrows to $0.89/share; revenue down 13% YoY to $36.3M
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- Net loss of $14.4M ($0.89 diluted loss) vs $18.3M ($1.15) in Q3 2021; adjusted net loss $11.3M ($0.70).
- Service revenue $36.3M, down 13% YoY; Adjusted EBITDA loss improved to $6.5M from $7.6M.
- Ended Q3 with $63.8M cash, up 75% YoY; net debt $183.4M, down 21%.
- Servicer & Real Estate segment adjusted EBITDA up 45% YoY on 14% service revenue growth; Origination segment had $10M annualized sales wins.
- Industry foreclosures initiations up 271% YoY but still 51% below pre-COVID; mortgage originations forecast down 55%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241822000048/0001462418-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241822000048/asps-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001462418-22-000048

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