Altisource Portfolio Non-GAAP EPS, revenue misses estimates

Jul. 28, 2022 7:28 AM ETAltisource Portfolio Solutions S.A. (ASPS)By: Dania Nadeem, SA News Editor
  • Altisource Portfolio press release (NASDAQ:ASPS): Q2 Non-GAAP EPS of -$0.70 misses by $0.04.
  • Revenue of $37.64M (-14.5% Y/Y) misses by $0.38M.
  • Gross profit of $4.1 million, representing 11% of service revenue
  • Loss before income taxes and non-controlling interests of $(13.8) million
  • Adjusted pre-tax loss attributable to Altisource(2) of $(11.0) million
  • Adjusted earnings before interest, tax, depreciation and amortization (“EBITDA”)(2) of $(6.6) million

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