Altisource Asset Management

Altisource Asset Management Corp. operates as an alternative lending company. The firm provides liquidity and capital to under-served markets. It assess opportunities which potentially be of long-term benefit to shareholders such as Crypto-ATMs. The company was founded on March 15, 2012 and is headquartered in Christiansted, Virgin Islands.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Altisource Asset Management reports Q4 improvement and eyes growth opportunities

Altisource Asset Management (AAMC) showcased improved financial performance in Q4 and outlined strategic goals for Q1 2023. The company's unique approach to private credit products and strong demand from key players position it for future success.

Altisource Asset Management reports Q1 loss but eyes strategic growth

AAMC's Q1 2023 performance showed improved earnings despite a loss, with a focus on private credit products and pipeline development. The company is targeting specific revenue goals, operational efficiency, and customer satisfaction while emphasizing quick loan processes and institutional sales.

Altisource Asset Management (AAMC) unveils electric vehicle technology innovation

Altisource Asset Management (AAMC) showcased positive legal developments, highlighted a potential investment opportunity in electric vehicle technology, and presented the Alpha Control System's benefits for energy efficiency. The company's proactive approach to challenges and commitment to innovation position it well for future growth and shareholder value.

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Altisource was for many years a cash shell company that traded at a discount to net cash as it slowly leaked value for almost a decade. The value proposition radically changed when a decision was made to hire CEO Jason Kopcak to use Altisource assets to create a low risk loan origination "flow" business. The company's wholesale loan origination platform is tracking far ahead of expectations. This became clear on the recent earnings call.

Altisource Growth Engine Is Way Ahead Of Expectations

Altisource Asset Management Corporation (NYSE:AAMC ) Q1 2023 Earnings Conference Call May 15, 2023 8:30 AM ET Company Participants Danya Sawyer - Chief Operating Officer Jason Kopcak - Chief Executive Officer Operator Good day, and welcome to the AAMC Investor Call. Today's conference is being recorded.

Altisource Asset Management Corporation (AAMC) Q1 2023 Earnings Call Transcript

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation Reports First Quarter 2023 Results.

Altisource Asset Management Corporation Reports First Quarter 2023 Results

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--First Quarter & 2023 Earnings Conference Call.

Altisource Asset Management Corporation to Host First Quarter and 2023 Earnings Conference Call

Buy Altisource Asset Management Ahead Of Massive Growth

Altisource Asset Management Corporation. (NYSE:AAMC ) Q2 2022 Earnings Conference Call March 23, 2023 9:30 AM ET Company Participants Danya Sawyer - Chief Operating Officer Jason Kopcak - Chief Executive Officer Stephen Krallman - Chief Financial Officer Conference Call Participants Jeffrey Moore - Burr Oak Capital Matthew Howlett - B.

Altisource Asset Management Corporation (AAMC) Q4 2022 Earnings Call Transcript

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the fourth quarter and full year of 2022. Fourth Quarter 2022 Highlights and Recent Developments Entered into forward contracts to sell alternative credit products to two of the US's largest institutional counterparties that manage insurance and credit money assets on January 31, 2023.

Altisource Asset Management Corporation Reports Fourth Quarter and Full Year 2022 Results

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) has revised the time in which it will host a conference call and live webcast. The call will be on Thursday, March 23, 2023 at 8:30 a.m. EDT to discuss the results of the quarter and year ended December 31, 2022. For those who wish to participate, the domestic toll-free access number is 1-888-224-1121, or for international callers, 1-929-477-0402.

Altisource Asset Management Corporation to Host Fourth Quarter and Year End 2022 Earnings Conference Call – Revision to scheduled call time

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) will host a conference call and live webcast on Thursday, March 23, 2023 at 9:30 a.m. EDT to discuss the results of the quarter and year ended December 31, 2022. Please submit any questions in advance of the call to ir@altisourceamc.com prior to 4:00 p.m. EDT, Tuesday, March 21, 2023.

AAMC to Host Fourth Quarter and Year End 2022 Earnings Conference Call

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announced that CEO Jason Kopcak was a featured guest on the latest episode of Smart Money Circle podcast, hosted by Adam Sarhan. Episode description Jason Kopcak is the CEO and a Director of $AAMC - Altisource Asset Management. Jason shared some timeless lessons, mistakes, and gave great leadership/life advice with the audience! Mr.

AAMC CEO Jason Kopcak Featured as Guest on the Smart Money Circle Podcast, Hosted by Adam Sarhan

AAMC Announces Agreement with B. Riley Financial to Repurchase Common Stock

CHRISTIANSTED, U.S. Virgin Islands--( BUSINESS WIRE )--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announces that it has entered into forward contracts to sell alternative credit products to two of the US's largest institutional counterparties that manage insurance and credit money assets. The organizations have over $50 billion and $15 billion in assets under management.

AAMC Enters into Forward Sale Contracts to Sell Alternative Credit Products

CHRISTIANSTED, U.S. Virgin Islands--( BUSINESS WIRE )--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announces that Danya Sawyer will join the Company as Chief Operating Officer of the Alternative Lending Group (“ALG”) on February 1.

AAMC Hires Danya Sawyer as Chief Operating Officer of Alternative Lending Group

CHRISTIANSTED, U.S. Virgin Islands--( BUSINESS WIRE )--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announced that it has issued preferred stock to both Jason Kopcak, Chief Executive Officer of the Company, and Stephen R. Krallman, Chief Financial Officer of the Company.

AAMC Issues Preferred Stock to USVI Executives; CEO Preferred Stock Dividend to Include One Share of Common Stock for Every Three Shares Repurchased

CHRISTIANSTED, U.S. Virgin Islands--( BUSINESS WIRE )--Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announced that the arbitrator awarded the Company more than $1.6 million in the arbitration brought against the Company by Indroneel Chatterjee, the Company's former Chief Executive Officer. Mr. Chatterjee filed the arbitration after the Company terminated him for cause in April 2021.

Arbitrator Awards AAMC $1.6 Million in Arbitration Brought by its Former CEO

CHRISTIANSTED, U.S. Virgin Islands, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (NYSE: AAMC) announced today that it has entered into an agreement for a $50 million line of credit with NexBank.

Altisource Asset Management Corporation Enters into New $50 Million Line of Credit

Altisource stock is now trading at ~$20/share, and it has seen impressive achievements in just the last 5 months since appointing Jason Kopack as CEO. As part of the ongoing preferred stock lawsuit with Luxor, motions for summary judgment were filed in the New York Supreme Court on July 19th, and oral arguments for summary judgment are scheduled for December 1st, 2022.

Altisource Asset Management Update: New Business Up And Running, Share Repurchases, And Summary Judgment Arguments

Altisource Asset Management Corporation (NYSE:AAMC ) Q3 2022 Earnings Conference Call November 2, 2022 9:30 AM ET Company Participants Kevin Sullivan - General Counsel Jason Kopcak - Chief Executive Officer Stephen Krallman - Chief Financial Officer Conference Call Participants Matthew Howlett - B. Riley Operator Good day, and welcome to the AAMC Investor Call.

Altisource Asset Management Corporation (AAMC) Q3 2022 Earnings Call Transcript

CHRISTIANSTED, U.S. Virgin Islands, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the third quarter of 2022.

Altisource Asset Management Corporation Reports Third Quarter 2022 Results

CHRISTIANSTED, U.S. Virgin Islands, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today filed a complaint in the Superior Court of the U.S. Virgin Islands, Division of St. Croix, against former AAMC board member Nathaniel Redleaf, who improperly disclosed confidential information of the firm to financially benefit himself and his current employer, New York-based hedge fund Luxor Capital Group (Luxor).

AAMC Files Lawsuit Against Former Board Member Nathaniel Redleaf for Improperly Disclosing Confidential Information for Financial Gain

CHRISTIANSTED, U.S. Virgin Islands, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announced today that it will hold an investor call on November 2, 2022 at 9:30 a.m. EST to discuss its 2022 third quarter results. Please submit any questions in advance of the call to ir@altisourceamc.com prior to 4:00 p.m. EST, Tuesday, November 1, 2022.

Altisource Asset Management Corporation Announces Investor Call

CHRISTIANSTED, U.S. Virgin Islands, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (NYSE: AAMC) announced today that it has recognized approximately $1.1 million of total revenue in the first two months of the third quarter 2022. This is more than double the total revenue reported for the 2022 second quarter. This increase was driven primarily by the growth in our residential transitional (‘private credit”) loan portfolio to approximately $99 million at the end of August 2022. If the Company does not sell any loans prior to September 30, 2022, the Company estimates it will recognize approximately $1.8 million in total revenue for the third quarter of 2022.

Altisource Asset Management Corporation Provides Financial Update

CHRISTIANSTED, U.S. Virgin Islands, Aug. 24, 2022 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Altisource Asset Management Corporation (NYSE American: AAMC), please note that the hyperlink for the Business Model Update in the first paragraph was incorrect. The corrected release follows:

AMENDED: Altisource Asset Management Corporation Announces an Update to Its Business Model

CHRISTIANSTED, U.S. Virgin Islands, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) announced today that it has updated its business model. The Business Model Update is available at www.altisourceamc.com.

Altisource Asset Management Corporation Announces an Update to Its Business Model

CHRISTIANSTED, U.S. Virgin Islands, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced that the NYSE American LLC (the “NYSE”) has accepted the Company's remediation plan (the “Plan”) to regain compliance with Rule 1003(a)(i).   As previously disclosed, the Company will now have until November 30, 2023 to execute on our Plan; during this time AAMC will be required to provide quarterly status reports to the NYSE on achieving the thresholds denoted in the Plan in comparison to our operating actual results.

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