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Altisource Asset Management Corporation  (AAMC)
Other Ticker:  
 
    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services
 
Price: $3.6600 $0.22 6.395%
Day's High: $3.66 Week Perf: -0.81 %
Day's Low: $ 3.21 30 Day Perf: -20.78 %
Volume (M): 13 52 Wk High: $ 51.75
Volume (M$): $ 48 52 Wk Avg: $16.98
Open: $3.46 52 Wk Low: $2.64



 Market Capitalization (Millions $) 11
 Shares Outstanding (Millions) 3
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -24
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 1

Altisource Asset Management Corporation
Altisource Asset Management Corporation is a company that specializes in managing real estate assets and mortgage services. The company provides asset management and property preservation services to financial institutions, mortgage servicers, and government entities. They help their clients maximize the value of their real estate portfolios by offering various solutions such as property inspections, maintenance, repair, and disposition services. Altisource Asset Management Corporation also manages a portfolio of residential rental properties. Their goal is to optimize the performance and value of real estate assets for their clients.


   Company Address: 5100 Tamarind Reef Christiansted 820
   Company Phone Number: 275-9113   Stock Exchange / Ticker: NYSEAMER AAMC
   AAMC is expected to report next financial results on March 26, 2024.


   

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Altisource Asset Management Corporation

Altisource Asset Management Corporation's Losses Surge in Q3 2023: A Closer Look at the Financial Turmoil

Altisource Asset Management Corporation (AAMC) is a company that experienced a significant loss per share in its fiscal three months ending September 30, 2023. The reported loss per share was $-4.52, which is an increase from $-2.24 per share in the same quarter a year ago. In the previous quarter, the company realized a loss of $-2.16 per share. This resulted in a net loss of $-13.470 million for the third quarter of 2023, compared to a net loss of $-3.986 million in the same quarter last year.
The decline in AAMC's earnings and the increase in losses per share have caught the attention of analysts and investors. The level of accounts receivable has also decreased to $28.1 million, leading some analysts to believe that this is due to slowing demand for the company's services.

Altisource Asset Management Corporation

Altisource Asset Management Corporation's Revenue Doubles in Q2 2023, but High Losses Raise Concerns


Introduction
Altisource Asset Management Corporation (AAMC) recently announced a significant increase in revenue during the second quarter of 2023. However, this positive news was overshadowed by a substantial increase in loss per share, alarming analysts and investors alike. While the real estate operations sector experienced a decline in top-line, AAMC's revenue improvement failed to translate into profitability. This article explores the concerning financial performance of AAMC and sheds light on the reasons behind the company's struggles.
Revenue Improvement Fails to Offset Losses
AAMC reported an impressive year-on-year revenue improvement of 260.225% in the second quarter of 2023, with revenue reaching $1.92 million. Unfortunately, this positive development was dampened by the fact that the company's loss per share increased to $-2.16, compared to $-1.68 in the previous reporting period. This significant increase in losses raises questions about the sustainability of AAMC's revenue growth and its ability to generate profits.






 

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