Altisource Portfolio Non-GAAP EPS of -$0.58 beats by $0.15, revenue of $37.76M beats by $0.66M

Apr. 28, 2022 7:16 AM ETAltisource Portfolio Solutions S.A. (ASPS)By: Meghavi Singh, SA News Editor
  • Altisource Portfolio press release (NASDAQ:ASPS): Q1 Non-GAAP EPS of -$0.58 beats by $0.15.
  • Revenue of $37.76M (-21.5% Y/Y) beats by $0.66M.
  • First quarter Adjusted EBITDA loss of $4.1 million represents a $4.4 million improvement over the first quarter of 2021 and a $4.7 million improvement over the fourth quarter of 2021.
  • Reduced first quarter 2022 cash operating costs (excluding outside fees and services) by $13.6 million, representing a 31% savings from the first quarter 2021.

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