Altisource Portfolio Solutions S.A. (OQ:ASPS)

Sector:  Financials Industry:  Real Estate Services
See Regulatory Filings on SEC
Company Contact
Address: 40 Avenue Monterey
Tel: N/A
IR: See website
Key People
William B. Shepro
Chief Executive Officer, Director
Michelle D. Esterman
Chief Financial Officer
Marcello Mastioni
Chief Operating Officer
Kevin J. Wilcox
Chief Administration and Risk Officer
Gregory James Ritts
Chief Legal and Compliance Officer
Business Overview
Altisource Portfolio Solutions S.A. is a marketplace and transaction solutions provider for the real estate and mortgage industries. The Company's business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants. It operates through two segments: Mortgage Services and Technology Services. The Mortgage Services segment provides loan servicers, originators, rental property investors and real estate consumers with products, services and technologies. The Technology Services segment provides software and data analytics solutions that support management of mortgage and real estate activities and marketplace transactions across mortgage and real estate lifecycles and information technology infrastructure management services.
Financial Overview
For the fiscal year ended 31 December 2019, Altisource Portfolio Solutions S.A. revenues decreased 23% to $648.7M. Net loss before extraordinary items increased from $5.6M to $294M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Restructuring charges increase of 22% to $14.1M (expense), Other , net decrease of 45% to $1M (income).
Employees: 3,283 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $264.95M as of Dec 31, 2019
Annual revenue (TTM): $648.65M as of Dec 31, 2019
EBITDA (TTM): $54.97M as of Dec 31, 2019
Net annual income (TTM): -$293.97M as of Dec 31, 2019
Free cash flow (TTM): $44.53M as of Dec 31, 2019
Net Debt Last Fiscal Year: $162.52M as of Dec 31, 2019
Shares outstanding: 15,519,003 as of Feb 28, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization