{"schema_version":"secwatch.filing_event.v1","accession":"0001462418-23-000076","form_type":"8-K","ticker":"ASPS","cik":"0001462418","company_name":"ALTISOURCE PORTFOLIO SOLUTIONS S.A.","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.136047+00:00","generated_at":"2026-06-09T08:24:49.382137+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Altisource Q3: service revenue $34.1M, net loss $11.3M; Adjusted EBITDA $0.9M, up $7.3M YoY","bullets":["Service revenue $34.1M, down 6% YoY; net loss attributable $11.3M improved from $14.4M loss.","Adjusted EBITDA of $0.9M, an improvement of $7.3M YoY and $4.4M QoQ.","Generated $18.4M net proceeds from September equity sale; used $10M to reduce term loan, eliminating 966,038 warrants.","Cost reduction plan targeting $13.5M annual savings; September adjusted compensation costs $0.9M lower than Q2 avg.","Sales wins estimated at $15.3M annual revenue in Servicer/Real Estate and $1.7M in Origination."],"urls":{"canonical":"https://secwatch.observer/filing/0001462418-23-000076","json":"https://secwatch.observer/filing/0001462418-23-000076.json","markdown":"https://secwatch.observer/filing/0001462418-23-000076.md","text":"https://secwatch.observer/filing/0001462418-23-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000076/0001462418-23-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000076/asps-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T08:24:49.382137+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":"18263d211aa3f2e1abdbc1241904f30edc869028","claim":"ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported the third quarter 2023 results: revenue $34.1 million, net income Net loss attributable to Altisource of $(11.3) million, EPS Diluted loss per share (0.51).","evidence_excerpt":"Third Quarter 2023 Financial Results • Service revenue of $34.1 million • Loss before income taxes and non-controlling interests of $(10.9) million • Net loss attributable to Altisource of $(11.3) million • Adjusted EBITDA (2) of $0.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462418/000146241823000076/0001462418-23-000076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter 2023"},{"label":"Revenue","value":"$34.1 million"},{"label":"Net income","value":"Net loss attributable to Altisource of $(11.3) million"},{"label":"EPS","value":"Diluted loss per share (0.51)"},{"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"}