secwatch.observer — SEC 8-K summary
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Issuer:     ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
CIK:        0001462418
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001462418-24-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000047/0001462418-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462418/000146241824000047/asps-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001462418-24-000047

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