The following tables contain selected unaudited statement of operations information for each quarter of 2015 and 2014. 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.



	2015 quarter ended ^(1)(2)(3)(4)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	240,482	$	268,321	$	272,776	$	269,887
Gross profit	67,656		100,162		98,926		97,395
Income (loss) before income taxes and non-controlling interests	4,808		51,244		41,200		(44,192		)
Net income (loss)	4,408		46,846		37,897		(44,351		)
Net income (loss) attributable to Altisource	3,698		45,950		37,046		(45,096		)

Earnings (loss) per share:
Basic	$	0.18	$	2.35	$	1.94	$	(2.35	)
Diluted	$	0.18	$	2.22	$	1.82	$	(2.35	)

Weighted average shares outstanding:
Basic	20,172		19,571		19,091		19,196
Diluted	20,995		20,669		20,411		19,196



	2014 quarter ended ⁽¹⁾⁽⁵⁾
(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

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⁽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 CastleLine on July 17, 2015 and the Acquired RentRange and Investability Businesses on October 9, 2015 (see Note 5).

⁽³⁾During the fourth quarter of 2015, Altisource recorded an estimated loss in connection with an anticipated payment to Ocwen for obtaining a release of liability for Altisource related to Ocwen’s settlement of a particular case. While currently being negotiated, the ultimate resolution of the matter is not expected to result in a material loss in excess of the amount accrued.

⁽⁴⁾In the fourth quarter of 2015, we recorded impairment losses of $71.8 million in our Technology Services segment primarily driven by the Company’s current projected Technology Services revenue from Ocwen and investment in technologies provided to Ocwen (see Notes 9 and 10).

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