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Dec 31, 2023
Altisource Q4 2023 Earnings Report
Altisource's financial performance for Q4 2023 reflected a net loss, but Adjusted EBITDA was positive. The company focused on strengthening its financial position and winning new business.
Key Takeaways
Altisource reported a service revenue of $32.2 million and a net loss of $13.2 million for Q4 2023. Despite market headwinds, the company improved its Adjusted EBITDA compared to the previous year.
Service revenue was $32.2 million.
Net loss attributable to Altisource was $(13.2) million.
Adjusted EBITDA was $0.2 million.
Loss before income taxes and non-controlling interests was $(12.0) million.
Altisource
Altisource
Forward Guidance
Altisource anticipates 2024 Service revenue to be in the range of $155 million to $180 million and Adjusted EBITDA to be in the range of $17.5 million to $22.5 million.
Positive Outlook
- Conversion of sales wins and pipeline to revenue.
- Price increases for certain services.
- Revenue growth.
- Higher margins in the Business Segments.
- Lower corporate costs.