Altisource Announces First Quarter 2023 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 27, 2023 (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 2023. “The first quarter represented a strong start for 2023 as we execute on our plan to recover from the impact of the COVID-19 pandemic. Our first quarter financial performance was better than plan with $1.5 million of Adjusted EBITDA and gross profit margins of 23%, representing a $5.6 million improvement in Adjusted EBITDA and an eight hundred basis point improvement in gross profit margins over the first quarter 2022. These results were primarily driven by revenue growth in pre-foreclosure solutions in our Servicer and Real Estate segment from the ongoing recovery of the default market, company-wide cost savings measures we took in 2022 and early 2023 and $1.3 million in other income related to an India tax refund,
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- Altisource Portfolio Solutions S.A. Schedules First Quarter 2024 Conference CallGlobeNewswire
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ASPS
Earnings
- 4/25/24 - Beat
ASPS
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/17/24 - Form DEF
- ASPS's page on the SEC website