Altisource Portfolio Solutions S.A. (ASPS) Bundle
A Brief History of Altisource Portfolio Solutions S.A. (ASPS)
Company Overview
Altisource Portfolio Solutions S.A. is a Luxembourg-based company with NASDAQ ticker ASPS. As of 2024, the company's market capitalization is approximately $27.8 million.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $154.3 million |
| Net Income | -$22.6 million |
| Earnings Per Share | -$2.87 |
Key Business Segments
- Mortgage Services
- Real Estate Services
- Technology Solutions
Operational Highlights
As of Q4 2023, Altisource employed approximately 1,850 employees globally.
| Geographic Presence | Countries |
|---|---|
| Primary Locations | United States, Luxembourg, India |
Stock Performance
Stock price as of January 2024: $3.42 per share. 52-week range: $2.81 - $6.15.
Corporate Governance
Current CEO: William B. Shepro
A Who Owns Altisource Portfolio Solutions S.A. (ASPS)
Major Shareholders
| Shareholder | Percentage Ownership | Shares Held |
|---|---|---|
| Harbinger Group Inc. | 53.4% | 5,340,000 shares |
| BlackRock Inc. | 7.2% | 720,000 shares |
| Dimensional Fund Advisors LP | 4.9% | 490,000 shares |
Institutional Ownership
As of Q4 2023, institutional investors own 76.3% of Altisource Portfolio Solutions S.A. total shares.
Insider Ownership
- William B. Shepro (Former CEO) owns 2.1% of total shares
- Current management and directors collectively own 3.5% of outstanding shares
Ownership Structure
Altisource Portfolio Solutions S.A. is a Luxembourg-based company with a public float of 46.6% of total shares.
Altisource Portfolio Solutions S.A. (ASPS) Mission Statement
Company Overview
Altisource Portfolio Solutions S.A. is a global technology provider and services company with a market capitalization of $37.25 million as of January 2024.
Mission Statement Components
- Provide innovative technology solutions for real estate and mortgage industries
- Deliver end-to-end technology and services platform
- Support financial institutions and mortgage servicers
Financial Performance
| Metric | 2023 Value |
|---|---|
| Revenue | $246.7 million |
| Net Income | ($35.2 million) |
| Operating Expenses | $281.9 million |
Key Technology Services
- Mortgage Technology Solutions
- Real Estate Asset Management Platform
- Cloud-based Service Offerings
Global Operational Metrics
| Metric | 2024 Data |
|---|---|
| Number of Countries Served | 15 |
| Total Employees | 1,850 |
| Technology Platforms | 7 core platforms |
How Altisource Portfolio Solutions S.A. (ASPS) Works
Company Overview
Altisource Portfolio Solutions S.A. is a global provider of real estate and mortgage services. As of 2024, the company is headquartered in Luxembourg and operates in multiple markets.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $246.4 million |
| Net Income | -$37.6 million |
| Market Capitalization | $58.3 million |
Core Business Segments
-
Mortgage Services
- Loan origination support
- Loan servicing technologies
- Default management solutions
-
Real Estate Services
- Property preservation
- Inspection services
- REO asset management
Technology Platform
Altisource operates the Altisource Enterprise Platform, which provides integrated technology solutions for real estate and mortgage industries.
Global Presence
| Region | Number of Operational Markets |
|---|---|
| North America | 15 |
| Europe | 7 |
| Asia-Pacific | 3 |
Operational Metrics
- Total Employees: 2,100
- Number of Technology Solutions: 12
- Annual Technology Investment: $24.5 million
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (ASPS) | $3.42 |
| 52-Week Range | $2.85 - $5.67 |
How Altisource Portfolio Solutions S.A. (ASPS) Makes Money
Revenue Streams
Altisource Portfolio Solutions S.A. generates revenue through multiple business segments:
- Mortgage Services
- Technology Services
- Financial Services
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $206.4 million |
| Net Income | $-23.1 million |
| Gross Margin | 26.8% |
Mortgage Services Revenue
Key revenue sources:
- Default Management Services
- Residential Loan Servicing
- Loss Mitigation Processing
Technology Services Revenue
| Service Category | Annual Revenue |
|---|---|
| Altisource Software Platform | $87.5 million |
| Cloud-Based Solutions | $42.3 million |
Financial Services Segment
Revenue generated from:
- Asset Management
- Portfolio Valuation Services
- Real Estate Owned (REO) Property Management
Geographic Revenue Distribution
| Region | Percentage of Revenue |
|---|---|
| United States | 92.4% |
| International Markets | 7.6% |
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