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 Q4 2022

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Earnings data Q4 2023

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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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CHRISTIANSTED, U.S. Virgin Islands, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the second quarter of 2022.

Altisource Asset Management Corporation Reports Second Quarter 2022 Results

CHRISTIANSTED, U.S. Virgin Islands, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation   (NYSE: AAMC) announced today that it entered into an agreement for a $50 million line of credit with Flagstar Bank FSB, a federal savings bank.

Altisource Asset Management Corporation Announces Line of Credit

CHRISTIANSTED, U.S. Virgin Islands, July 22, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (NYSE: AAMC) announced today that it purchased 286,873 shares of its common stock from Putnam Focused Equity Fund, a series of Putnam Funds Trust, at $10 per share.

Altisource Asset Management Corporation Announces Repurchase of Common Stock

CHRISTIANSTED, U.S. Virgin Islands, July 06, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced that the Board of Directors (the “Board”) has appointed Jason Kopcak as the Chief Executive Officer of the Company and as a member of the Board. Prior to his appointment, Mr. Kopcak had been the President and Chief Operating Officer of the Company. The Board also appointed current director John P. de Jongh, Jr. as Chairman of the Board. Mr. de Jongh, Jr. had previously been interim Chairman of the Board.

Altisource Asset Management Corporation Announces Appointment of CEO

This is nearly a pure-play alternative lending business that may also pursue a limited opportunity in Crypto ATMs with Forum Pay. Allegations of insider trading and breach of fiduciary duty seem to provide Luxor with a solid incentive to settle the legal dispute with Altisource.

Altisource: Developing Value In The Lending Space, Stock Down On Lawsuit Risk

CHRISTIANSTED, U.S. Virgin Islands, June 03, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced that it received a deficiency letter (the “Letter”) from the NYSE American LLC (the “NYSE”) indicating that the Company is not in compliance with the NYSE continued listing standard as set forth in Section 1003(a)(i), (ii) and (iii) of the NYSE Company Guide. The Letter does not result in the immediate delisting of the Company's common stock from the NYSE Market.

Altisource Asset Management Corporation Announces Receipt of Deficiency Letter from NYSE American Exchange

CHRISTIANSTED, U.S. Virgin Islands, May 19, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today affirmed that Thomas K. McCarthy's term as Interim Chief Executive Officer expires on May 31, 2022 in accordance with the terms of his employment agreement. The Company will pay Mr. McCarthy a bonus of $250,000 in recognition of his contributions to the Company during his tenure as Interim Chief Executive Officer.

Altisource Asset Management Corporation Announces Departure of Officer

CHRISTIANSTED, U.S. Virgin Islands, April 27, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced that Ricardo C. Byrd and John P. de Jongh, Jr., directors of the Company, and Stephen R. Krallman, Chief Financial Officer of the Company have purchased 1,886, 1,000 and 2,000 shares of the Company's common stock, respectively.

Altisource Asset Management Corporation Announces Purchases of Common Stock by Directors and Officers

CHRISTIANSTED, U.S. Virgin Islands, April 22, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the first quarter of 2022.

Altisource Asset Management Corporation Reports First Quarter 2022 Results

CHRISTIANSTED, U.S. Virgin Islands, March 31, 2022 (GLOBE NEWSWIRE) -- 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 2021.

Altisource Asset Management Corporation Reports Fourth Quarter and Full Year 2021 Results

AAMC has created a new Alternative Lending Group with an initial equity capital commitment of up to $40 million

Altisource Asset Management Corporation Announces a New Strategic Direction

CHRISTIANSTED, U.S. Virgin Islands, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced that it had entered into a settlement agreement (the “Settlement Agreement”) with two institutional investors related to the Company's Series A Convertible Preferred Stock (the “Series A Shares”). Under the Settlement Agreement, the Company has agreed to pay the institutional investors approximately $665 thousand in cash in exchange for $5.79 million of liquidation preference of the Company's Series A Shares (11.5 cents per dollar liquidation amount of the Series A Shares). As a result of this settlement, the Company estimates that it will recognize a gain of approximately $5.1 million to additional paid in capital in the first quarter of 2022. The resulting outstanding remaining liquidation preference of Series A Shares will be approximately $144.2 million, which represents the entire Luxor Funds position

Altisource Asset Management Corporation Announces Settlement with Series A Preferred Stockholders

CHRISTIANSTED, U.S. Virgin Islands, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the second quarter of 2021.

Altisource Asset Management Corporation Reports Third Quarter 2021 Results

At a glance, Altisource's balance sheet looks awful. However, recent settlements with preferred holders indicate their preferred should be valued at pennies on the dollar.

Altisource Could Go From Deep Value To Speculative Crypto Play

CHRISTIANSTED, U.S. Virgin Islands, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the second quarter of 2021.

Altisource Asset Management Corporation Reports Second Quarter 2021 Results

CHRISTIANSTED, U.S. Virgin Islands, May 18, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the first quarter of 2021.

Altisource Asset Management Corporation Reports First Quarter 2021 Results

CHRISTIANSTED, U.S. Virgin Islands, April 19, 2021 (GLOBE NEWSWIRE) -- On April 16, 2021, the Board of Directors (the “Board”) of Altisource Asset Management Corporation (the “Company”) terminated the Company's Chief Executive Officer, Indroneel Chatterjee, for cause, effective immediately, for violations of the Company's Equal Employment Opportunity, Prevention Against Harassment, and Conduct on the Job Policies. This action reflects the results of an independent inquiry by counsel to the Board into Mr. Chatterjee's conduct. Under Mr. Chatterjee's employment agreement with the Company, he was also deemed to have simultaneously resigned from his positions as Chairman of the Board and a director of the Company, and the Board accepted his resignations.

Altisource Asset Management Corporation Terminates Chief Executive Officer

CHRISTIANSTED, U.S. Virgin Islands, March 03, 2021 (GLOBE NEWSWIRE) -- 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 2020.

Altisource Asset Management Corporation Reports Fourth Quarter and Full Year 2020 Results

CHRISTIANSTED, U.S. Virgin Islands, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) is pleased to announce that the Company has completed the previously announced transition contemplated by the Termination and Transition Agreement, dated August 13, 2020 (the “Termination Agreement”), by and among Front Yard Residential Corporation (“Front Yard”), Front Yard Residential L.P. and AAMC.

Altisource Asset Management Corporation Reports Completion of Previously Announced Termination of Asset Management Agreement with Front Yard Residential Corporation

CHRISTIANSTED, U.S. Virgin Islands, Nov. 06, 2020 (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the third quarter of 2020.

Altisource Asset Management Corporation Reports Third Quarter 2020 Results

CHRISTIANSTED, U.S. Virgin Islands, Aug.  14, 2020  (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the second quarter of 2020.

Altisource Asset Management Corporation Reports Second Quarter 2020 Results; Announces Agreement to Terminate the Asset Management Agreement between AAMC and Front Yard Residential Corporation

CHRISTIANSTED, U.S. Virgin Islands, May  11, 2020  (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the first quarter of 2020.

Altisource Asset Management Corporation Reports First Quarter 2020 Results

CHRISTIANSTED, U.S. Virgin Islands, Feb.  28, 2020  (GLOBE NEWSWIRE) -- 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 2019.

Altisource Asset Management Corporation Reports Fourth Quarter and Full Year 2019 Results

CHRISTIANSTED, U.S. Virgin Islands, Jan.  13, 2020  (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced the hiring of Indroneel Chatterjee as the Company’s new Co-Chief Executive Officer, effective January 13, 2020 (the “Effective Date”). Mr. Chatterjee will also become a member of the Company’s Board of Directors on the Effective Date.

Altisource Asset Management Corporation Announces Hiring of Co-Chief Executive Officer

CHRISTIANSTED, U.S. Virgin Islands, Nov.  06, 2019  (GLOBE NEWSWIRE) -- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) today announced financial and operating results for the third quarter of 2019.

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