Altisource Q3 service revenue $38.2M, up 12% YoY; adjusted EBITDA $3.6M vs $0.9M

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

2024-Q3 EPS reported -$0.94 revenue$119,121,000

Service revenue $38.2M, up 11.8% YoY; gross profit margin improved to 31.6% from 21.1%.
Adjusted EBITDA $3.6M vs $0.9M YoY; net loss attributable to Altisource $9.4M ($0.33/share) vs $11.3M ($0.51).
Sales wins represent potential annualized revenue ~$6.6M ($1.7M Servicer/RE, $4.9M Origination).
Weighted average sales pipeline $32M-$40M of estimated potential stabilized revenue.
Cash $28.3M; net debt $202.3M; $15M revolver available; industry foreclosure initiations down 7% YoY.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.