Altisource reports Q4 2023 net loss $13.2M; revenue down 2% YoY; guides 2024 revenue $155M–$180M

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Full year 2023 service revenue $136.6M, down 5% YoY; net loss $56.3M ($2.51 diluted loss per share).
Adjusted EBITDA improved to $(0.9M) in 2023 from $(16.6M) in 2022, a $15.7M improvement.
Origination segment service revenue down 11% vs industry decline of 36%; sales wins of $68.7M potential annual revenue.
2024 guidance: service revenue $155M–$180M, Adjusted EBITDA $17.5M–$22.5M.
Amended debt to extend maturity to April 2025; $38.8M stock sale net proceeds, $30M used to repay SSTL.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALTISOURCE PORTFOLIO SOLUTIONS S.A. updated its the quarter ended December 31, 2023 and full year 2023 guidance (reaffirmed).

Period: the quarter ended December 31, 2023 and full year 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 7, 2024 , Altisource Portfolio Solutions S.A. (“Altisource”) issued a press release announcing its financial results for the quarter ended December 31, 2023 and full year 2023.

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ALTISOURCE PORTFOLIO SOLUTIONS S.A. filing history →

Source: SEC EDGAR

accession 0001462418-24-000011

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