---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000054"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:42:26.600083+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Altisource reports July Adj EBITDA $0.1M; guides Q3 $0-1M, FY positive

## Summary
- July prelim: revenue $12.0M, service rev $11.1M, net loss -$4.1M, Adj EBITDA $0.1M.
- Cost reduction plan targeting $13.5M annual savings vs Q2 run-rate; on track; $1M/month savings from Sept 2023.
- FY 2023 Adj EBITDA guidance: Q3 $0-1M, Q4 positive, full year positive.
- Run-rate scenario: if default market normalizes, projected Adj EBITDA $44.5M vs LTM -$7.9M (June 30, 2023).
- As of Aug 31, 2023, ~1,100 full-time employees (excl contractors).

## SEC filing metadata
- accession: 0001462418-23-000054
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000054/0001462418-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000054/asps-20230907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000054
- JSON: https://secwatch.observer/filing/0001462418-23-000054.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000054.txt

## Key facts
- Earnings Releases
  ALTISOURCE PORTFOLIO SOLUTIONS S.A. updated its July 2023 guidance (initiated).
  - Period: July 2023
  - Guidance: initiated
  - Result: preliminary results
  source text: On September 7, 2023, Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) issued a press release announcing certain preliminary unaudited financial results for July 2023, a status update on the July 2023 cost reduction plan, updated guidance for adjusted earnings before interest, tax, depreciation and amortization (“Adjusted EBITDA”) for the second half of 2023, and an updated Run-Rate scenario.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000054/0001462418-23-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.