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Altisource Asset Management Corporation  (AAMC)
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    Sector  Services    Industry Real Estate Operations
   Industry Real Estate Operations
   Sector  Services


 

Altisource Asset Management Corporation

AAMC's Financial Statements and Analysis



Altisource Asset Management Corporation increased third quarter of 2023 net loss per share of $-4.52 compare to net loss per share of $-2.24 recorded in the same quarter a year ago a decrease compare to $-2.16 realized in previous quarter.


third quarter of 2023
Earnings Per Share Revenues
$ -4.52 $  -1 Mill
$-2.28     $-3M    



Altisource Asset Management's Revenue fell by -149.69 % in third quarter of 2023 (Sep 30 2023) year on year, to $-1 million and declined by sequentially.


Altisource Asset Management is Expected to report next financial results on March 26, 2024.

More on AAMC's Income Statement



Altisource Asset Management's in thethird quarter of 2023 recorded net loss of $-13.470 million, an increase from net loss of $-3.986 million in III. Quarter a year ago.

Sequentially net loss advanced

More on AAMC's Growth

Altisource Asset Management Inventories
In Sep 30 2023 company's net cash and cash equivalents decreased by $-7 million

More on AAMC's Cash flow Statement


Altisource Asset Management Corporation does not pay out common stock dividend.

In trailing twelve-month period Altisource Asset Management Corporation payed $ -5.00 cash per share, on a free-cash flow basis .


Tangible Book value grew to $ -37.69 per share from $ -55.62.

Company issued 1.21 million shares or 68.65 % in Sep 30 2023.


More on AAMC's Dividends

 Market Capitalization (Millions) 11
 Shares Outstanding (Millions) 3
 Total Debt (Millions $) 10
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -24
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Altisource Asset Management Corporation does not pay out common stock dividend.

In trailing twelve-month period Altisource Asset Management Corporation had negative $ -5.00 cash flow per share, on a free-cash flow basis .


Tangible Book value grew to $ -37.69 per share from $ -55.62.

Company issued 1.21 million shares or 68.65 % in Sep 30 2023.


More on AAMC's Balance Sheets

 Market Capitalization (Millions) 11
 Shares Outstanding (Millions) 3
 Total Debt (Millions $) 10
 Revenue (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -24
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Altisource Asset Management Corporation Earnings

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...

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...


Date modified: 2023-11-17T16:09:44+00:00





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