What's new? Log in Free sign up

Table search / Financial reports / Altisource Portfolio Solutions S.A.

215 results

Newest first

ASPS Altisource Portfolio Solutions S.A.

Quarterly report

Disaggregation of total revenue by segment and major source was as follows:

Three months ended September 30, 2024
(in thousands)			Revenue recognized when services are performed or assets are sold			Revenue related to technology platforms and professional services			Reimbursable expenses revenue			Total revenue
Servicer and Real Estate			$			27,467	$	2,922	$	2,160	$	32,549	Origination	7,654			167	161	7,982	Total revenue	$			35,121	$	3,089	$	2,321	$	40,531	Three months ended September 30, 2023
(in thousands)			Revenue recognized when services are performed or assets are sold			Revenue related to technology platforms and professional services			Reimbursable expenses revenue			Total revenue
Servicer and Real Estate			$			24,223	$	2,677	$	1,802	$	28,702	Origination	7,264			10	237	7,511	Total revenue	$			31,487	$	2,687	$	2,039	$	36,213	Nine months ended September 30, 2024
(in thousands)			Revenue recognized when services are performed or assets are sold			Revenue related to technology platforms and professional services			Reimbursable expenses revenue			Total revenue
Servicer and Real Estate			$			80,358	$	8,137	$	6,680	$	95,175	Origination	23,064			481	401	23,946	Total revenue	$			103,422	$	8,618	$	7,081	$	119,121	Nine months ended September 30, 2023
(in thousands)			Revenue recognized when services are performed or assets are sold			Revenue related to technology platforms and professional services			Reimbursable expenses revenue			Total revenue
Servicer and Real Estate			$			73,314	$	8,265	$	5,916	$	87,495	Origination	22,908			24	482	23,414	Total revenue	$			96,222	$	8,289	$	6,398	$	110,909

24 Oct 24

7:02am

ASPS Altisource Portfolio Solutions S.A.

Quarterly report

Total assets for our segments are as follows:

(in thousands)	Servicer and Real Estate			Origination			Corporate and Others			Consolidated Altisource
Total assets:			September 30, 2024			$			56,465	$	48,342	$	39,696	$	144,503	December 31, 2023	57,535			50,431	46,892	154,858

24 Oct 24

7:02am

ASPS Altisource Portfolio Solutions S.A.

Quarterly report

Three months ended September 30,	Nine months ended September 30,
2024			2023			2024			2023
Revenue			$			40,531	$	36,213	$	119,121	$	110,909	Cost of revenue	28,461			29,024	82,030	89,684	Gross profit	12,070			7,189	37,091	21,225	Selling, general and administrative expenses	10,965			10,734	34,451	35,169	Income (loss) from operations	1,105			(3,545)	2,640	(13,944)	Other income (expense), net:	Interest expense			(9,960)			(9,890)	(29,277)	(26,554)	Change in fair value of warrant liability	—			2,225	—	1,145	Debt amendment costs	—			(59)	—	(3,402)	Other income (expense), net	362			407	2,143	2,357	Total other income (expense), net	(9,598)			(7,317)	(27,134)	(26,454)	Loss before income taxes and non-controlling interests	(8,493)			(10,862)	(24,494)	(40,398)	Income tax provision	(809)			(418)	(2,237)	(2,586)	Net loss	(9,302)			(11,280)	(26,731)	(42,984)	Net income attributable to non-controlling interests	(60)			(62)	(136)	(155)	Net loss attributable to Altisource	$			(9,362)	$	(11,342)	$	(26,867)	$	(43,139)	Loss per share:	Basic			$			(0.33)	$	(0.51)	$	(0.94)	$	(2.10)	Diluted	$			(0.33)	$	(0.51)	$	(0.94)	$	(2.10)	Weighted average shares outstanding:	Basic			28,672			22,181	28,469	20,538	Diluted	28,672			22,181	28,469	20,538	Comprehensive loss:	Comprehensive loss, net of tax			$			(9,302)	$	(11,280)	$	(26,731)	$	(42,984)	Comprehensive income attributable to non-controlling interests	(60)			(62)	(136)	(155)	Comprehensive loss attributable to Altisource	$			(9,362)	$	(11,342)	$	(26,867)	$	(43,139)

24 Oct 24

7:02am

ASPS Altisource Portfolio Solutions S.A.

Quarterly report

Nine months ended September 30,
2024			2023
Cash flows from operating activities:
Net loss			$	(26,731)	$	(42,984)	Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			794		1,933	Amortization of right-of-use assets under operating leases	1,190		1,351	Amortization of intangible assets	3,810		3,912	PIK accrual	6,505		4,777	Share-based compensation expense	3,916		3,918	Bad debt expense	776		319	Amortization of debt discount	2,791		2,846	Amortization of debt issuance costs	1,797		1,846	Deferred income taxes	76		(224)	Loss on disposal of fixed assets	14		121	Change in fair value of warrant liability	—		(1,145)	Changes in operating assets and liabilities:
Accounts receivable			(3,335)		(311)	Prepaid expenses and other current assets	3,092		12,350	Other assets	179		(1,891)	Accounts payable and accrued expenses	2,412		(2,475)	Current and non-current operating lease liabilities	(1,233)		(1,351)	Other current and non-current liabilities	323		(587)	Net cash used in operating activities	(3,624)		(17,595)	Cash flows from financing activities:
Proceeds from revolving loan agreement			250		—	Proceeds from issuance of common stock, net of issuance costs	—		20,461	Proceeds from issuance of treasury stock, net of issuance costs	—		18,374	Exercise of Warrants, net of costs	(90)		—	Debt issuance and amendment costs	—		(4,886)	Repayments of long-term debt	—		(30,000)	Distributions to non-controlling interests	(51)		(269)	Payments of tax withholding on issuance of restricted share units and restricted shares	(675)		(511)	Net cash (used in) provided by financing activities	(566)		3,169	Net decrease in cash, cash equivalents and restricted cash	(4,190)		(14,426)	Cash, cash equivalents and restricted cash at the beginning of the period	35,416		54,273	Cash, cash equivalents and restricted cash at the end of the period	$	31,226	$	39,847	Supplemental cash flow information:
Interest paid			$	18,092	$	16,989	Income taxes paid (refunded), net	1,393		(4,034)	Acquisition of right-of-use assets with operating lease liabilities	442		329	Reduction of right-of-use assets from operating lease modifications or reassessments	(87)		(671)	Non-cash investing and financing activities:
Warrants issued in connection with Amended Credit Agreement			—		8,096	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets and the unaudited condensed consolidated statements of cash flows:
September 30, 2024			September 30, 2023
Cash and cash equivalents			$	28,339	$	36,640	Restricted cash	2,887		3,207	Total cash, cash equivalents and restricted cash reported in the statements of cash flows	$	31,226	$	39,847

24 Oct 24

7:02am

ASPS Altisource Portfolio Solutions S.A.

Quarterly report

Accounts payable and accrued expenses consist of the following:

(in thousands)	September 30, 2024			December 31, 2023
Accounts payable			$			15,616	$	15,275	Accrued expenses - general	9,263			8,637	Accrued salaries and benefits	5,127			5,048	Income taxes payable	2,494			1,128	Total	$			32,500	$	30,088

24 Oct 24

7:02am

461gb0yao0659i2i

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

kz2agmj2cveucpx5 y3

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

aq035kgq01 tmddyv

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

m7ayi0tbhkfuvf8a0k

Quarterly report

24 Oct 24

7:02am

5s6jmmzhz0gfgpww1xm

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

gft32ekgd6r0qmoad1fw

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

Quarterly report

24 Oct 24

7:02am

Prev
1
2
3
4
5
...
Next

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.