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Stock impact report

Altisource Announces Second Quarter 2022 Financial Results

Altisource Portfolio Solutions S.A. (ASPS) 
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: ir.altisource.com/investor-relations
Company Research Source: GlobeNewswire
LUXEMBOURG, July 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 second quarter 2022. “I am pleased with our second quarter results and performance as we continue to execute on our strategic plan. Our Servicer and Real Estate segment is benefiting from the restart of the default business with both sequential and year-over-year revenue and Adjusted EBITDA growth. In our Origination segment, we grew the average weighted sales pipeline to $32 million, a 54% increase since last quarter, as our Lenders One members are increasingly focused on buying our solutions which are designed to help them reduce costs,” said Chairman and Chief Executive Officer William B. Shepro. Mr. Shepro further commented, “As we continue to execute on our plan, win more business and benefit from market tailwinds, we anticipate Show less Read more
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