NASDAQ$ASPS

Altisource Portfolio Sol · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Altisource's financial performance for Q4 2023 reflected a net loss, but Adjusted EBITDA was positive. The company focused on strengthening its financial position and winning new business.

Altisource reported a service revenue of $32.2 million and a net loss of $13.2 million for Q4 2023. Despite market headwinds, the company improved its Adjusted EBITDA compared to the previous year.

  • Service revenue was $32.2 million.
  • Net loss attributable to Altisource was $(13.2) million.
  • Adjusted EBITDA was $0.2 million.
  • Loss before income taxes and non-controlling interests was $(12.0) million.

Headline financials

Total Revenue

$32.2M

Previous: $32.8M-1.8%
EPS (adj)

-$0.37

Previous: -$0.45+17.8%
Adjusted EBITDA

$237K

Previous: $593K-60.0%
Adjusted Operating Income

-$269K

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

-$13.2M

Previous: -$11.2M-17.1%
Operating Income

-$2.82M

Previous: -$3.83M+26.3%
Gross Profit

$6.46M

Previous: $8.11M-20.4%
Stock-Based Comp

$1.15M

Previous: $1.15M-0.1%

Revenue & EPS history

Altisource · Revenue · Quarterly

$32.2M

Q4 2023-1.8%vs Q4 2022
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Forward guidance

Altisource anticipates 2024 Service revenue to be in the range of $155 million to $180 million and Adjusted EBITDA to be in the range of $17.5 million to $22.5 million.

Tailwinds

  • Conversion of sales wins and pipeline to revenue.
  • Price increases for certain services.
  • Revenue growth.
  • Higher margins in the Business Segments.
  • Lower corporate costs.

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 Q4 2023

Historical avgQ4 2023

-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

Earnings price reactions
QuarterReport dateReaction (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%

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