See more : Bunzl plc (BZLFF) 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 |
Elena Plesco Joins Abacus Life (ABL) as Chief Capital Officer
ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced that Elena Plesco...
Abacus Life, Inc. (ABL) Q4 2023 Earnings Call Transcript
Abacus Life, Inc. (ABL) Q4 2023 Earnings Call Transcript
Abacus Life Reports Fourth Quarter and Full Year 2023 Results
- Fourth Quarter 2023 Total Revenue Grew 25% Year-over-Year to $23.6 Million - - Increased Originations Capital Deployment by 92% Year-over-Year to $68.3 Million - - Increased Originations Capital Deployment for Full Year 2023 by 46% to $218.9 Million -...
Abacus Life to Announce Fourth Quarter 2023 Financial Results on Thursday, March 21, 2024
ORLANDO, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced it will release...
Glancy Prongay & Murray LLP Announces Investigation of Abacus Life, Inc. (ABL)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Abacus Life, Inc. (Nasdaq: ABL) concerning the Company and its directors' and officers' possible violations of state laws. If you own Abacus Life stock, would like to learn...
UPDATE – Abacus Life (ABL) Officially Launches Technology Sub-Division – ABL Tech
ORLANDO, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, is proud to announce the...
Abacus Life (ABL) Officially Launches Technology Sub-Division – ABL Tech
ORLANDO, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”) is a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products. The company is proud...
Glancy Prongay & Murray LLP Announces Investigation of Abacus Life, Inc. (ABL)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Abacus Life, Inc. (Nasdaq: ABL) concerning the Company and its directors' and officers' possible violations of state laws. If you own Abacus Life stock, would like to learn...
Abacus Life Repurchases Total of $6 Million of Stock in First 60 Days of Program
ORLANDO, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its...
Abacus Life, Inc. Prices Public Offering of $25 Million Additional 9.875% Notes Due 2028
ORLANDO, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL; ABLLL) today announced that it has priced an underwritten public offering of $25 million in aggregate principal amount of its additional 9.875% notes...
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Category: Stock Reports