secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001462418-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000020/0001462418-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000020/asps-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001462418-24-000020

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