ALTISOURCE PORTFOLIO SOLUTIONS SA
For the period ended Sep 30, 2024. Filed Oct 24, 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.
Sep 30, 2024 · Filed Oct 24, 2024
ASPS$5.71-2.5%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $28,339 | $32,522 |
| Accounts receivable, net of allowance for credit losses of $3,486 and $3,123, respectively | 14,241 | 11,682 |
| Prepaid expenses and other current assets | 8,244 | 11,336 |
| Total current assets | 50,824 | 55,540 |
| Premises and equipment, net | 901 | 1,709 |
| Right-of-use assets under operating leases | 2,544 | 3,379 |
| Goodwill | 55,960 | 55,960 |
| Intangible assets, net | 22,738 | 26,548 |
| Deferred tax assets, net | 4,968 | 4,992 |
| Other assets | 6,568 | 6,730 |
| Total assets | $144,503 | $154,858 |
| LIABILITIES AND DEFICIT | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $32,500 | $30,088 |
| Current portion of long-term debt | 226,708 | — |
| Deferred revenue | 3,769 | 3,195 |
| Other current liabilities | 2,402 | 2,477 |
| Total current liabilities | 265,379 | 35,760 |
| Long-term debt | — | 215,615 |
| Deferred tax liabilities, net | 9,104 | 9,028 |
| Other non-current liabilities | 18,706 | 19,510 |
| Commitments, contingencies and regulatory matters (Note 21) | ||
| Deficit: | ||
| Common stock ($1.00 par value; 100,000 shares authorized, 29,963 issued and 27,171 outstanding as of September 30, 2024; 29,963 issued and 26,496 outstanding as of December 31, 2023) | 29,963 | 29,963 |
| Additional paid-in capital | 180,776 | 177,278 |
| Accumulated deficit | (247,545) | (180,162) |
| Treasury stock, at cost (2,792 shares as of September 30, 2024 and 3,467 shares as of December 31, 2023) | (112,580) | (152,749) |
| Altisource deficit | (149,386) | (125,670) |
| Non-controlling interests | 700 | 615 |
| Total deficit | (148,686) | (125,055) |
| Total liabilities and deficit | $144,503 | $154,858 |
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