LOSS PER SHARE

3 Months Ended

Mar. 31, 2024

Basic loss per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding for the period. In accordance with ASC 260, penny warrants are included in the calculation of weighted average basic and diluted loss per share for the period that they are classified as equity. For the three months ended March 31, 2024, 1.6 million penny warrants have been included in the calculation of weighted average basic and diluted loss

per share. Diluted net loss per share excludes all dilutive securities because their impact would be anti-dilutive, as described below.

Basic and diluted loss per share are calculated as follows:



	Three months ended March 31,
(in thousands, except per share data)		2024		2023

Net loss attributable to Altisource		$	(9,198)	$	(12,947)

Weighted average common shares outstanding, basic		28,181		18,442

Weighted average common shares outstanding, diluted		28,181		18,442

Loss per share:
Basic		$	(0.33)	$	(0.70)
Diluted		$	(0.33)	$	(0.70)

For the three months ended March 31, 2024 and 2023, 2.1 million and 2.9 million, respectively, stock options, restricted shares and restricted share units were excluded from the computation of loss per share, as a result of the following:

•For the three months ended March 31, 2024 and 2023, 0.7 million and 1.7 million, respectively, stock options, restricted shares and restricted share units were anti-dilutive and have been excluded from the computation of diluted loss per share because the Company incurred a net loss

•For the three months ended March 31, 2024 and 2023, 0.4 million and 0.3 million, respectively, stock options were anti-dilutive and have been excluded from the computation of diluted loss per share because their exercise price was greater than the average market price of our common stock

•For the three months ended March 31, 2024 and 2023, 1.0 million and 0.9 million, respectively, stock options, restricted shares and restricted share units, which begin to vest upon the achievement of certain market criteria related to our common stock price, performance criteria and a total shareholder return compared to the market benchmark, that have not yet been met in each period have been excluded from the computation of diluted loss per share