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$5.50-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| 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 |
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