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Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), a provider of services in the business services sector with a current market capitalization of $79.53 million, has successfully regained compliance with the Nasdaq’s minimum market value requirement for continued listing on the Nasdaq Global Select Market. According to InvestingPro data, the stock has shown significant price volatility, with shares currently trading at $0.91, marking a 14% gain year-to-date despite a challenging previous year. The company had previously been notified of a potential delisting due to its market value of publicly held shares (MVPHS) falling below the required minimum of $15 million for 30 consecutive business days, as reported on December 23, 2024.
The Luxembourg-based company was initially given until June 18, 2025, to meet the Nasdaq Listing Rule 5450(b)(3)(C), also known as the MVPHS Rule. However, as of March 12, 2025, Altisource received a notice from Nasdaq confirming that the company’s MVPHS had reached $15 million or greater during the ten-day period from February 19, 2025, to March 11, 2025. Consequently, Nasdaq has acknowledged that Altisource has regained compliance with the MVPHS Rule and considers the matter closed. InvestingPro analysis indicates the company faces some financial challenges, with a weak overall financial health score of 1.68 and short-term obligations exceeding liquid assets.
Altisource’s successful navigation back to compliance highlights the company’s ability to address the concerns raised by the stock exchange and underscores the importance of maintaining the standards set forth for listed companies. This development ensures that Altisource remains listed on the Nasdaq Global Select Market, providing continued access for investors to trade its common stock under the ticker symbol ASPS. For deeper insights into Altisource’s financial health and future prospects, investors can access comprehensive analysis and 13 additional ProTips through InvestingPro’s detailed research reports.
The information in this article is based on a press release statement from Altisource Portfolio Solutions S.A. and reflects the latest data provided in the company’s SEC filing.
In other recent news, Altisource Portfolio Solutions SA reported its fourth-quarter 2024 financial results, revealing a mixed performance. The company surpassed earnings per share (EPS) expectations with an EPS of -$0.18, better than the forecasted -$0.24. However, Altisource fell short on revenue, reporting $38.4 million against a projected $43.85 million. Despite the earnings beat, the revenue miss led to a negative market reaction. The company also announced a significant reduction in its debt, decreasing it from $233 million to $172.5 million, which strengthens its financial position.
Altisource’s full-year service revenue grew by 10% to $150 million, marking its highest quarterly service revenue since Q3 2021. Additionally, the company launched new products in its construction and LendersOne businesses, achieving $1 million in monthly revenue. Looking ahead, Altisource projects 2025 service revenue to be between $165 million and $185 million, with adjusted EBITDA expected to range from $18 million to $23 million. This guidance indicates anticipated growth in service revenue by 16% and an 18% increase in EBITDA.
Analysts from Concise Capital have noted the company’s efforts in restructuring its debt and improving its balance sheet, which could positively impact its financial health. These developments reflect Altisource’s ongoing strategic initiatives to diversify its revenue base and ramp up business operations.
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