Altisource Portfolio Solutions SA Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Raj Sharma - B. Riley - Analyst : Hi. Thank you for taking my question. Really good results; big congratulations on the improvement in the EBITDA. I had a question on industry wide foreclosure -- starts of sales. There seems to be a -- maybe some early shoots of improvement. Also days in foreclosure seemingly dropped pretty considerable relative to earlier part of the year from 1,200 days down to 700. Is that indicative of anything -- of an improvement in the space in --? And could you comment -- could you give a little bit more color on that? And of course, the early delinquencies are rising. And how soon could that start showing up more significantly in your results, you think?

Question: Raj Sharma - B. Riley - Analyst : Great. And then another question is on your recently announced the cost cuts, $13.5 million. Could you give any sort of progress on that or any comments on the ongoing cost cuts? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 26, 2023 / 12:30PM, ASPS.OQ - Q3 2023 Altisource Portfolio Solutions SA Earnings Call

Question: Raj Sharma - B. Riley - Analyst : Great. Yeah. Thank you. I'll go back in line. I have no question.

Question: Raj Sharma - B. Riley - Analyst : Thanks.

Question: Mike Grondahl - Northland Securities - Analyst : Hey Bill and Michelle. Two questions. One, could you just talk a little bit about any visibility you have on an increase in Hubzu inventory or when you think that may begin to inflect? And then secondly, just in sort of a base case for '24, what do you sort of think of as potential cash flow or cash usage, just in a base case for '24?