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
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share data)
| 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) |
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