ALTISOURCE PORTFOLIO SOLUTIONS SA
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
ASPS$5.50-3.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
Condensed Statements of Operations and Comprehensive Loss
(in thousands, except per share data)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $39,469 | $39,461 |
| Cost of revenue | 27,165 | 30,957 |
| Gross profit | 12,304 | 8,504 |
| Selling, general and administrative expenses | 12,852 | 12,094 |
| Loss from operations | (548) | (3,590) |
| Other income (expense), net: | ||
| Interest expense | (9,529) | (6,760) |
| Change in fair value of warrant liability | — | 694 |
| Debt amendment costs | — | (3,242) |
| Other income (expense), net | 1,642 | 1,560 |
| Total other income (expense), net | (7,887) | (7,748) |
| Loss before income taxes and non-controlling interests | (8,435) | (11,338) |
| Income tax provision | (722) | (1,529) |
| Net loss | (9,157) | (12,867) |
| Net income attributable to non-controlling interests | (41) | (80) |
| Net loss attributable to Altisource | $(9,198) | $(12,947) |
| Loss per share: | ||
| Basic | $(0.33) | $(0.70) |
| Diluted | $(0.33) | $(0.70) |
| Weighted average shares outstanding: | ||
| Basic | 28,181 | 18,442 |
| Diluted | 28,181 | 18,442 |
| Comprehensive loss: | ||
| Comprehensive loss, net of tax | $(9,157) | $(12,867) |
| Comprehensive income attributable to non-controlling interests | (41) | (80) |
| Comprehensive loss attributable to Altisource | $(9,198) | $(12,947) |
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