secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001462418-23-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000054/0001462418-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241823000054/asps-20230907.htm
  HTML page:      https://secwatch.observer/filing/0001462418-23-000054

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