earnings
confidence high
sentiment positive
materiality 0.75
Altisource Q4 service revenue $38.5M (+19% YoY); 2025 guidance implies 16% growth; debt exchange cuts interest
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- Q4 service revenue $38.5M, up 19% YoY; Adjusted EBITDA $4.7M vs $0.2M in Q4 2023.
- Full year 2024 service revenue $150.4M (+10% YoY); net loss improved to -$35.6M from -$56.3M.
- Guides 2025 service revenue $165-185M, Adjusted EBITDA $18-23M, midpoints up 16% and 18%.
- On Feb 19, exchanged $232.8M senior secured loans for $160M new loan + ~58.2M shares; annual interest reduced ~$18M.
- Ended 2024 with $29.8M cash; sales wins represent ~$39.4M annualized service revenue.