UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October 28, 2010
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
(Exact name of Registrant as specified in its charter)
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Luxembourg
(State or other jurisdiction of
incorporation)
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001-34354
(Commission File Number)
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Not Applicable
(I.R.S. Employer
Identification No.) |
2, rue Jean Bertholet
L-1233, Luxembourg
(Address of principal executive offices including zip code)
+352 2469 7900
(Registrants telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations and Financial Condition.
On October 28, 2010, Altisource Portfolio Solutions S.A. (Altisource) issued a press release
announcing financial results for its quarter ended September 30, 2010. A copy of the press
release is attached hereto as Exhibit 99.1.
The information in this Item 2.02, including the information in Exhibit 99.1 attached
hereto pertaining to this Item 2.02, is furnished solely pursuant to Item 2.02 of this Form 8-K.
Consequently, pursuant to this Item 2.02, it is not deemed filed for the purposes of Section
18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that
Section. It may only be incorporated by reference in another filing under the Securities
Exchange Act of 1934 or Securities Act of 1933 if such subsequent filing specifically references
this Item 2.02 of this Form 8-K.
Non-GAAP Financial Information
Altisource discloses the following financial measure that is calculated and presented on a basis
other than in accordance with generally accepted accounting principles in the United States of
America (non-GAAP) in the attached press release:
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Altisource evaluates performance based on several factors, of which the primary
financial measure is income before interest, tax, depreciation and amortization (EBITDA).
The Company believes that this non-GAAP financial measure is useful to investors and
analysts in analyzing and assessing its overall business performance, for making operating
and compensation decisions and for forecasting and planning future periods. The Company
uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects
of its financial performance and to provide incremental insight into the underlying factors
and trends affecting both the Companys performance and its cash-generating potential. The
Company believes that disclosing non-GAAP financial measures to the readers of its
financial statements provides such readers with useful supplemental data that allows for
greater transparency in the review of its financial and operational performance and enables
investors to more fully understand trends in its current and future performance. |
Reconciliation of this non-GAAP financial measure to the most directly comparable financial
measures calculated and presented in accordance with GAAP is included in the attached press
release. This non-GAAP financial measure should be considered in addition to and not as a
substitute for, or superior to, financial measures presented in accordance with GAAP.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
Exhibit 99.1
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Press release of Altisource Portfolio Solutions S.A. dated October 28, 2010. |
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