NASDAQ$ASPS
Altisource Portfolio Sol · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Generated best quarterly performance since Q3 2020 with $4.6 million of Adjusted EBITDA on $36.9 million of service revenue.
Altisource reported financial results for the first quarter 2024, with a service revenue of $36.9 million and an Adjusted EBITDA of $4.6 million, marking the best quarterly performance since Q3 2020. The company is winning new business and ramping up 2023 sales wins on a lower cost base.
- Service revenue was $36.9 million, slightly lower than Q1 2023 but higher than Q4 2023.
- Adjusted EBITDA was $4.6 million, significantly better than Q1 2023 and Q4 2023.
- Gross profit margin was 33.4%, considerably stronger than Q1 2023 and Q4 2023.
- Ended the quarter with $29.6 million of cash and cash equivalents.
Headline financials
Revenue & EPS history
Altisource · Revenue · Quarterly
$39.5M
Forward guidance
For the balance of 2024, Altisource anticipates quarter over quarter Service revenue and Adjusted EBITDA growth compared to the same quarters in 2023 as they continue to ramp sales wins and win new business on a lower cost base.
Tailwinds
- Anticipate quarter over quarter Service revenue growth compared to the same quarters in 2023
- Anticipate quarter over quarter Adjusted EBITDA growth compared to the same quarters in 2023
- Continue to ramp sales wins
- Win new business
- Lower cost base
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.8%
Avg return
Earnings day
-4.9%
Avg return
5 days after
-4.0%
Avg return
30 days after
41%
27 / 66 earnings
Positive
+28.6%
Q1 2015
Best reaction
-34.1%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | +3.4% | -9.2% | |
| Q4 2025 | +1.3% | -8.0% | -4.1% | |
| Q3 2025 | -0.4% | -16.6% | -20.5% | |
| Q2 2025 | -7.6% | +3.6% | +7.7% | |
| Q1 2025 | -0.2% | -12.0% | -14.5% | |
| Q4 2024 | +18.7% | +22.7% | +1.3% | |
| Q3 2024 | -15.8% | -11.5% | -45.3% | |
| Q2 2024 | +11.7% | +2.3% | -6.2% | |
| Q1 2024 | +15.9% | +17.1% | +0.6% | |
| Q4 2023 | -4.1% | -9.6% | -41.3% | |
| Q3 2023 | -17.3% | -14.5% | -2.7% | |
| Q2 2023 | -17.7% | -17.2% | -32.7% | |
| Q1 2023 | +3.0% | +13.5% | +28.4% | |
| Q4 2022 | -0.4% | -6.9% | -19.0% | |
| Q3 2022 | +8.7% | +32.4% | +33.0% | |
| Q2 2022 | -3.5% | -0.3% | -1.1% | |
| Q1 2022 | +4.9% | +2.3% | +5.0% | |
| Q4 2021 | -8.5% | -12.3% | -1.4% | |
| Q3 2021 | -7.5% | -6.9% | -24.0% | |
| Q2 2021 | +10.7% | +8.9% | +25.1% | |
| Q1 2021 | -5.8% | -9.3% | +0.1% | |
| Q4 2020 | -0.4% | -1.4% | -1.8% | |
| Q3 2020 | -0.1% | +3.2% | +17.1% | |
| Q2 2020 | -34.1% | -36.1% | -24.0% | |
| Q1 2020 | -0.2% | -12.0% | +77.4% | |
| Q4 2019 | -32.9% | -45.6% | -55.5% | |
| Q3 2019 | -16.8% | -31.0% | -22.2% | |
| Q2 2019 | -3.5% | -2.0% | -11.2% | |
| Q1 2019 | -2.2% | +0.3% | -5.3% | |
| Q4 2018 | -0.3% | +1.6% | -4.3% | |
| Q3 2018 | +1.6% | -0.4% | -16.1% | |
| Q2 2018 | -5.8% | -4.9% | +5.9% | |
| Q1 2018 | +5.0% | +10.8% | +10.0% | |
| Q4 2017 | -3.4% | -2.4% | -7.1% | |
| Q3 2017 | +0.4% | +3.2% | +9.1% | |
| Q2 2017 | -2.4% | -1.3% | -1.3% | |
| Q1 2017 | -0.4% | -7.1% | -4.6% | |
| Q4 2016 | -24.8% | -22.9% | -7.9% | |
| Q3 2016 | -12.1% | -15.1% | -5.7% | |
| Q2 2016 | -13.3% | -15.9% | +9.9% | |
| Q1 2016 | +6.5% | — | — | |
| Q4 2015 | +10.0% | — | — | |
| Q3 2015 | -10.3% | — | — | |
| Q2 2015 | +21.9% | — | — | |
| Q1 2015 | +28.6% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | -8.4% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | +9.0% | — | — | |
| Q2 2013 | +19.8% | — | — | |
| Q1 2013 | +9.7% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -7.2% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2009 | +10.5% | — | — | |
| Q4 2011 | +10.5% | — | — | |
| Q3 2011 | +8.1% | — | — | |
| Q3 2010 | +8.1% | — | — | |
| Q2 2011 | -4.8% | — | — | |
| Q4 2010 | -4.8% | — | — | |
| Q2 2010 | -4.8% | — | — | |
| Q1 2010 | -0.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro