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Complete financial analysis of Abacus Life, Inc. (ABL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Abacus Life, Inc., a leading company in the Insurance – Life industry within the Financial Services sector.
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Abacus Life, Inc. (ABL)
About Abacus Life, Inc.
Abacus Life, Inc. operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 66.40M | 44.71M | 22.59M | 27.37M |
| Cost of Revenue | 6.49M | 5.88M | 14.21M | 514.67K |
| Gross Profit | 59.91M | 38.83M | 8.39M | 26.86M |
| Gross Profit Ratio | 90.23% | 86.84% | 37.12% | 98.12% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 26.48M | 1.43M | 7.44M | 6.45M |
| Selling & Marketing | 4.91M | 2.60M | 0.00 | 1.18K |
| SG&A | 31.39M | 4.02M | 7.44M | 6.45M |
| Other Expenses | 4.40M | -437.73K | 50.00K | -52.51M |
| Operating Expenses | 35.79M | 4.03M | 7.45M | -46.07M |
| Cost & Expenses | 42.28M | 9.91M | 21.66M | 25.93M |
| Interest Income | 594.76K | 1.47K | 11.50K | 18.43K |
| Interest Expense | 9.87M | 42.80K | 0.00 | 0.00 |
| Depreciation & Amortization | 3.41M | 11.72M | 1.38M | 476.74K |
| EBITDA | 23.33M | 34.81M | 1.03M | 0.00 |
| EBITDA Ratio | 35.14% | 76.87% | 4.56% | -68.23% |
| Operating Income | 24.13M | 33.67M | 937.12K | -18.69M |
| Operating Income Ratio | 36.33% | 75.29% | 4.15% | -68.30% |
| Total Other Income/Expenses | -13.62M | -388.34K | 61.50K | 1.92M |
| Income Before Tax | 10.50M | 33.28M | 998.62K | 1.44M |
| Income Before Tax Ratio | 15.82% | 74.42% | 4.42% | 5.26% |
| Income Tax Expense | 1.47M | 889.94K | 1.20K | 1.56K |
| Net Income | 9.52M | 31.68M | 997.42K | 1.44M |
| Net Income Ratio | 14.33% | 70.86% | 4.41% | 5.25% |
| EPS | 0.17 | 0.63 | 0.02 | 0.03 |
| EPS Diluted | 0.16 | 0.63 | 0.02 | 0.03 |
| Weighted Avg Shares Out | 56.95M | 50.37M | 50.37M | 50.37M |
| Weighted Avg Shares Out (Dil) | 57.77M | 50.37M | 50.37M | 50.37M |
Abacus Life Completes Acquisition of FCF Advisors
ORLANDO, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announced it has...
Abacus Life Completes Acquisition of Carlisle Management Company S.C.A.
ORLANDO, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announced it has...
Abacus Life Targets Close of the Acquisition of Carlisle Management Company S.C.A. for December 2, 2024 with Receipt of Regulatory Non-Objection
ORLANDO, Fla., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, announced it has received...
Abacus Life Announces Closing of Public Offering of 12,500,000 Shares of Common Stock
ORLANDO, Fla., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the closing of its oversubscribed underwritten public offering of 12,500,000...
Abacus Life's CEO on Cracking the Code of Longevity Returns
Abacus Life, Inc. NASDAQ: ABL is a global alternative asset manager specializing in a unique niche within the financial markets. The company acquires and manages life insurance policies.
Abacus Life Announces Pricing of Public Offering of Common Stock
ORLANDO, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the pricing of its underwritten public offering of 12,500,000 shares...
Abacus Life Announces Proposed Public Offering of Common Stock
ORLANDO, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced the commencement of an...
Wall Street Analysts Believe Abacus Life, Inc. (ABL) Could Rally 59.48%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 59.5% in Abacus Life, Inc. (ABL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate...
Abacus Life, Inc. (ABL) Q3 2024 Earnings Call Transcript
Abacus Life, Inc. (NASDAQ:ABL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Robert Phillips – Senior Vice President- Investor Relations and Corporate Affairs Jay Jackson – Chairman and Chief Executive Officer Bill McCauley –...
Abacus Life, Inc. (ABL) Surpasses Q3 Earnings and Revenue Estimates
Abacus Life, Inc. (ABL) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.01 per share a year ago.
Source: https://incomestatements.info
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