See more : Palfinger AG (PLFRF) Income Statement Analysis – Financial Results
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 |
Can Abacus Life, Inc. (ABL) Run Higher on Rising Earnings Estimates?
Abacus Life, Inc. (ABL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Wall Street Analysts Predict a 32.72% Upside in Abacus Life, Inc. (ABL): Here's What You Should Know
The consensus price target hints at a 32.7% upside potential for Abacus Life, Inc. (ABL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness...
Abacus Life and Lorisco Life Announce Launch of PREADISAN™ to Improve Health Predictions
ORLANDO, Fla and NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus”) (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, and Lorisco Life LLC (“Lorisco”), a health prediction company using modern proteomics...
Abacus Life, Inc. (ABL) Q2 2024 Earnings Call Transcript
Abacus Life, Inc. (NASDAQ:ABL ) Q2 2024 Earnings Conference Call August 12, 2024 9:00 AM ET Company Participants Garrett Edson - Managing Director ICR Jay Jackson - Chief Executive Officer Bill McCauley - Chief Financial Officer Conference Call Participants Crispin...
Abacus Life Reports Second Quarter 2024 Results
- Second Quarter 2024 Total Revenue More Than Doubled Year-over-Year to $29.1 Million - - Net Income of $0.8 Million; Adjusted Net Income Grows 75% Year-over-Year to $11.8 Million - - Adjusted EBITDA Grows 83% Year-over-Year to $16.7 Million -...
Abacus Life, Inc. (ABL) Stock Jumps 20.3%: Will It Continue to Soar?
Abacus Life, Inc. (ABL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Abacus Life Provides Preliminary Second Quarter 2024 Results
- Expects Total Revenue Between $28.0 and $30.0 Million; Grows 146-163% Year-over-Year - - Expects Net Income Between $0.0 and $1.0 Million - - Expects Adjusted EBITDA Between $15.0 and $17.0 Million; Grows 64-86% Year-over-Year - - Schedules Second Quarter...
Abacus Life Announces Agreement to Acquire Carlisle Management Company SCA
Acquisition accelerates Abacus' expansion as a global alternative asset manager and origination company Deal will add up to $2 billion in AUM to Abacus ORLANDO, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ:...
Abacus Life Announces Closing of Public Offering of 11,500,000 Shares of Common Stock
ORLANDO, Fla., June 24, 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 11,500,000...
Why Is Abacus Life (ABL) Stock Down 18% Today?
Abacus Life (NASDAQ: ABL ) stock is falling on Friday after the alternative asset manager and market maker announced the pricing of a public offering for its shares. Abacus Life is selling 10 million shares of ABL stock for $8 each.
Source: https://incomestatements.info
Category: Stock Reports