secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001462418-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000011/0001462418-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000011/asps-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001462418-24-000011

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