The following tables contain selected unaudited statement of operations information for each quarter of 2014 and 2013. The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Our business is affected by seasonality.



	2014 quarter ended ⁽¹⁾⁽²⁾
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	239,269	$	296,072	$	287,688	$	255,887
Gross profit	91,464		112,073		98,964		69,235
Income (loss) before income taxes and non-controlling interests	43,201		58,225		45,867		(28		)
Net income (loss)	40,146		54,732		43,115		(906		)
Net income (loss) attributable to Altisource	39,631		54,101		42,287		(1,535		)

Earnings (loss) per share:
Basic	$	1.76	$	2.45	$	1.96	$	(0.08	)
Diluted	$	1.61	$	2.24	$	1.79	$	(0.08	)

Weighted average shares outstanding:
Basic	22,509		22,089		21,626		20,306
Diluted	24,662		24,166		23,640		20,306



	2013 quarter ended ⁽¹⁾⁽³⁾
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	148,827	$	186,110	$	210,835	$	222,585
Gross profit	51,865		69,138		76,574		78,300
Income before income taxes and non-controlling interests	30,678		34,485		38,614		38,556
Net income	28,527		32,068		36,955		36,243
Net income attributable to Altisource	27,518		30,931		36,008		35,516

Earnings per share:
Basic	$	1.18	$	1.34	$	1.56	$	1.56
Diluted	$	1.10	$	1.25	$	1.42	$	1.42

Weighted average shares outstanding:
Basic	23,374		23,161		23,025		22,734
Diluted	25,058		24,823		25,333		25,005

^{___________________________________________________}

⁽¹⁾The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted average shares outstanding for each period.

⁽²⁾We acquired Mortgage Builder on September 12, 2014 and acquired Owners.com on November 21, 2014 (see Note 5).

⁽³⁾We acquired the Homeward fee-based businesses on March 29, 2013, completed the ResCap fee-based business transaction on April 12, 2013 and acquired Equator on November 15, 2013 (see Note 5).