Altisource Q4 2022 Earnings Report
Key Takeaways
Altisource reported a service revenue of $32.8 million and a net loss attributable to Altisource of $11.3 million for Q4 2022. The company's Adjusted EBITDA stood at $0.6 million. They focused on growing the sales pipeline, improving operational efficiencies, reducing costs, and strengthening liquidity.
Service revenue for Q4 2022 was $32.8 million.
Net loss attributable to Altisource for Q4 2022 was $(11.3) million.
Adjusted EBITDA for Q4 2022 was $0.6 million.
The company reduced 2022 Corporate and Others costs by $31.0 million, a 32% reduction compared to 2021.
Altisource
Altisource
Forward Guidance
Altisource anticipates revenue growth, margin expansion and positive Adjusted EBITDA driven by a continuing recovery of the default market, sales pipeline growth and wins, a lower cost base and scale.
Positive Outlook
- Continuing recovery of the default market
- Sales pipeline growth
- Sales wins
- Lower cost base
- Scale