{"schema_version":"secwatch.filing_event.v1","accession":"0001462418-23-000048","form_type":"8-K","ticker":"ASPS","cik":"0001462418","company_name":"ALTISOURCE PORTFOLIO SOLUTIONS S.A.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.995916+00:00","generated_at":"2026-06-13T00:18:22.748532+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Altisource Q2 net loss widens to $18.9M; service revenue down 12% YoY","bullets":["Q2 service revenue $33.2M (down 12% YoY); net loss attributable to Altisource $(18.9)M vs $(15.5)M a year ago.","Adjusted EBITDA $(3.5)M, improved 47% from $(6.6)M in Q2 2022; year-to-date Adjusted EBITDA $(2.0)M, up 81%.","Cash and equivalents $35.0M at period end; net debt $194.7M.","Expects roughly break-even Adj. EBITDA in Q3 and positive Adj. EBITDA for Q4 and full year.","Company-wide cost reduction plan launched in July to cut annual cash operating expenses by $13.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001462418-23-000048","json":"https://secwatch.observer/filing/0001462418-23-000048.json","markdown":"https://secwatch.observer/filing/0001462418-23-000048.md","text":"https://secwatch.observer/filing/0001462418-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000048/0001462418-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000048/asps-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T00:18:22.748532+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c2089b77d18254888b982a0050a36811200ae54","claim":"ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported the second quarter 2023 results: revenue $33.2 million, net income $(18.9) million. Guidance initiated.","evidence_excerpt":"Second Quarter 2023 Financial Results • Service revenue of $33.2 million • Loss before income taxes and non-controlling interests of $(18.2) million • Net loss attributable to Altisource of $(18.9) million • Adjusted EBITDA (2) of $(3.5) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000048/0001462418-23-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter 2023"},{"label":"Revenue","value":"$33.2 million"},{"label":"Net income","value":"$(18.9) million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}