Altisource Announces First Quarter 2022 Financial Results
Altisource Portfolio Solutions S.A. (ASPS)
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am
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US:NASDAQ Investor Relations:
ir.altisource.com/investor-relations
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Source: GlobeNewswire
LUXEMBOURG, April 28, 2022 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2022. “I am pleased with our first quarter financial results. We generated service revenue of $37.8 million, marking the first quarter of sequential revenue growth in 11 quarters. Our first quarter Adjusted EBITDA loss of $4.1 million represents a $4.7 million improvement over the fourth quarter of 2021. We benefited from revenue growth as the default market begins to recover, a favorable revenue mix, a lower cost base and approximately $1.8 million of non-recurring items,” said Chairman and Chief Executive Officer William B. Shepro. Mr. Shepro further commented, “We are executing well on our Strategic Plan. In our Origination business, we believe we are building a
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News
- Altisource Portfolio Solutions S.A. (<a href="https://www.marketbeat.com/stocks/NASDAQ/ASPS/price-target/">NASDAQ: ASPS</a>) was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating.MarketBeat
- Altisource Portfolio Solutions S.A. (<a href="https://www.marketbeat.com/stocks/NASDAQ/ASPS/price-target/">NASDAQ: ASPS</a>) was downgraded by analysts at Zacks Investment Research from a "buy" rating to a "sell" rating.MarketBeat
- Altisource Portfolio Solutions (ASPS) Q1 2022 Earnings Call Transcript [The Motley Fool]The Motley Fool
- Altisource Portfolio Solutions S.A. (ASPS) CEO William Shepro on Q1 2022 Results - Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Altisource Portfolio Solutions S.A. Schedules First Quarter 2022 Conference CallGlobeNewswire
ASPS
Earnings
- 4/28/22 - Beat
ASPS
Sec Filings
- 6/22/22 - Form 8-K
- 5/27/22 - Form 8-K
- 5/26/22 - Form 4
- ASPS's page on the SEC website