ALTISOURCE FIRST QUARTER 2024 SUPPLEMENTARY INFORMATION APRIL 25, 2024 1 DISCLAIMER This presentation contains forward-looking statements that involve a number of risks pandemic, customer concentration, the timing of the anticipated increase in default and uncertainties. These forward-looking statements include all statements that are related referrals following the expiration offoreclosureand eviction moratoriums and not historical fact, including statements that relate to, among other things, future forbe ...

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Michelle Esterman – Chief Financial Officer Bill Shepro – Chairman and Chief Executive Officer Conference Call Participants Mike Grondahl – Northland Raj Sharma – B. Riley Operator Good day, and thank you for standing by. Welcome to the Altisource Portfolio Solutions First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode. After the speakers’ pres ...

Altisource Portfolio Solutions (ASPS) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.08%. A quarter ago, it was expected that this real estate services firm would post a loss of $0.33 per share when it actually produced a loss of $0.37, delivering a surprise of -12.12%.Over the last four ...

LUXEMBOURG, April 25, 2024 (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 2024. "I am very pleased with our first quarter performance. We generated $4.6 million of Adjusted EBITDA(1), marking our best quarterly performance since the third quarter of 2020, on $36.9 million of service revenue. We are winning meaningful ne ...

Exhibit 99.1 FOR IMMEDIATE RELEASEFOR FURTHER INFORMATION CONTACT: Michelle D. Esterman Chief Financial Officer T: (770) 612-7007 E: Michelle.Esterman@altisource.com ALTISOURCE ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Luxembourg, April 25, 2024 - 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 2024. (1) "I am very pleased with our fi ...

Financial Performance - Total revenue for Q1 2024 was $39,469,000, slightly up from $39,461,000 in Q1 2023, indicating a growth of 0.02% year-over-year[14] - Gross profit increased to $12,304,000 in Q1 2024 from $8,504,000 in Q1 2023, representing a significant increase of 44.5%[14] - Net loss attributable to Altisource for Q1 2024 was $9,198,000, an improvement compared to a net loss of $12,947,000 in Q1 2023, reflecting a reduction of 29.1%[14] - Basic and diluted loss per share for Q1 2024 was $(0.33), compared to $(0.70) in Q1 2023, showing a 52.9% improvement[14] - Service revenue decreased to $36.891 million in Q1 2024 from $37.071 million in Q1 2023, a decline of approximately 0.5%[109] - Cost of revenue for Q1 2024 was $27.165 million, a decrease of 12.5% compared to $30.957 million in Q1 2023[118] - Selling, general and administrative expenses increased to $12.852 million in Q1 2024 from $12.094 million in Q1 2023, reflecting a rise of approximately 6.3%[123] - The company recognized $1.3 million in revenue from contract liabilities at the beginning of the period for Q1 2024, down from $1.9 million in Q1 2023[116] - The company recognized $0.1 million in service revenue from Aldridge Pite for Q1 2024, compared to less than $0.1 million in Q1 2023[115] Assets and Liabilities - Total assets decreased to $148,868,000 as of March 31, 2024, down from $154,858,000 as of December 31, 2023, a decline of 3.9%[10] - Total liabilities decreased to $148,868,000 as of March 31, 2024, down from $154,858,000 as of December 31, 2023, also a decline of 3.9%[10] - Cash and cash equivalents decreased to $29,599,000 as of March 31, 2024, from $32,522,000 as of December 31, 2023, a decrease of 9.0%[10] - Long-term debt increased to $219,266,000 as of March 31, 2024, up from $215,615,000 as of December 31, 2023, an increase of 1.5%[10] - Total accounts payable decreased to $13,419,000 as of March 31, 2024, from $15,275,000 as of December 31, 2023, a reduction of 12.1%[59] - Total other assets slightly decreased to $6,675,000 as of March 31, 2024, from $6,730,000 as of December 31, 2023, a decline of 0.8%[57] Revenue Sources - Revenue from Ocwen Financial Corporation accounted for 45% of total revenue, with recognized revenue of $17.7 million for Q1 2024, slightly up from $17.6 million in Q1 2023[32][33] - Ocwen was the largest customer, accounting for 45% of total revenue in Q1 2024[134] - For the three months ended March 31, 2024, Ocwen accounted for 45% of Altisource's total revenue, with an additional 7% earned from loan portfolios serviced by Ocwen[176] - The Origination segment generated $7.8 million in service revenue, reflecting growth driven by newer reseller products and an increase in mortgage originations[187] Cash Flow and Expenses - Cash flows from operating activities resulted in a net cash used of $2.237 million, an improvement from $3.058 million in the prior year[21] - Total cash, cash equivalents, and restricted cash at the end of the period was $32.480 million, down from $46.328 million a year earlier[21] - The company reported a significant increase in share-based compensation expense, rising to $2.213 million from $1.445 million in the previous year[21] - Interest expense increased by 41% to $(9.5) million in Q1 2024 from $(6.8) million in Q1 2023, primarily due to higher interest rates[196] Strategic Initiatives and Risks - The company is evaluating the impact of new accounting standards on its consolidated financial statements, effective after December 15, 2023[30][31] - Management highlighted risks related to retaining key customers like Ocwen and Rithm, which could impact future revenue and operational stability[157] - The company is focused on growing referrals from existing customers and attracting new customers to its offerings, particularly in the Servicer and Real Estate segment, which includes government-sponsored enterprises and large servicers[169] - Altisource aims to diversify its revenue and customer base through strategic initiatives and by developing new offerings within its Origination segment, which serves mortgage loan originators[170] Shareholder Information - The company has approximately 3.1 million shares available for repurchase under the share repurchase program as of March 31, 2024[92] - Altisource's share repurchase program allows for the purchase of up to 3.1 million shares at a minimum price of $1.00 and a maximum price of $25.00 per share, with approximately $115 million available for repurchase under Luxembourg law as of March 31, 2024[175]

LUXEMBOURG, April 18, 2024 (GLOBE NEWSWIRE) -- On Thursday, April 25, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the first quarter 2024. A press release and presentation will be available on Altisource’s website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its first quarter 2024 results. A link to the live audio webcast will be available on Altisource’s website in the Investor ...

LUXEMBOURG, April 18, 2024 (GLOBE NEWSWIRE) -- On Thursday, April 25, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the first quarter 2024. A press release and presentation will be available on Altisource’s website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its first quarter 2024 results. A link to the live audio webcast will be available on Altisource’s website in the Investor ...

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Altisource Portfolio Solutions (ASPS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Indi ...