Altisource Q1 2024: Service revenue $36.9M, Adj. EBITDA $4.6M best since Q3 2020

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

2024-Q1 EPS reported -$0.33 revenue$39,469,000

Service revenue of $36.9M; gross profit margin 33.4% vs 22.9% YoY.
Adjusted EBITDA $4.6M vs $1.5M YoY; margin 12.6% vs 4.0%.
Net loss attributable to Altisource $(9.2)M; diluted loss per share $(0.33).
Sales wins estimated $6.3M annualized Servicer/Real Estate, $4.2M Origination.
Q1 2024 Adj. EBITDA includes $0.6M net non-recurring gains; ended cash $29.6M, net debt $196.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported first quarter 2024 results: revenue $39.5 million, net income Net loss attributable to Altisource of $(9.2) million, EPS Diluted loss per share (0.33).

Period: first quarter 2024
Revenue: $39.5 million
Net income: Net loss attributable to Altisource of $(9.2) million
EPS: Diluted loss per share (0.33)
Result: reported results

Exact text from the filing

Revenue of $39.5 million was the same as the first quarter 2023

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ALTISOURCE PORTFOLIO SOLUTIONS S.A. filing history →

Source: SEC EDGAR

accession 0001462418-24-000020

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