secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001462418-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altisource Q2 service rev $36.9M (+11% YoY); Adj EBITDA $4.4M vs ($3.5M) loss
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- Service revenue $36.9M, up 11% YoY; gross profit margin improved to 34.0% from 16.7%.
- Adjusted EBITDA $4.4M vs ($3.5M) in Q2 2023, margin 11.9% from (10.5)%.
- Net loss attributable to Altisource $(8.3)M ($0.29 diluted loss per share) vs $(18.9)M ($0.90) YoY.
- FY 2024 guidance: service revenue growth 13%-32% over 2023; Adj EBITDA $17.5M-$22.5M.
- Sales wins estimated at $15.3M Servicer/Real Estate, $1.5M Origination; pipeline $31M-$39M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000037/0001462418-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000037/asps-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001462418-24-000037

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