secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001462418-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource Q1 adj. EBITDA turns positive to $1.5M; revenue flat at $37.1M
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- Adjusted EBITDA of $1.5M vs -$4.1M a year ago; net loss -$12.9M ($0.70 loss per share).
- Servicer & Real Estate segment revenue $29.8M (+10% YoY); gross margin 41% vs 32%.
- Origination segment revenue $7.3M, first sequential growth in eight quarters (+16.5% QoQ).
- Cash $43.1M; net debt $184.1M; raised $20.5M via stock sale, used $20M to repay term loans.
- Debt maturities extended to April 2025 with option to April 2026 via credit agreement amendments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000032/0001462418-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000032/asps-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001462418-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer