See more : Concord Biotech Limited (CONCORDBIO.BO) 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.
You may be interested
- Far-Eastern Shipping Company PLC. (FESH.ME) Income Statement Analysis – Financial Results
- GT Steel Construction Group Limited (8402.HK) Income Statement Analysis – Financial Results
- The Caldwell Partners International Inc. (CWLPF) Income Statement Analysis – Financial Results
- Scientific Energy, Inc. (SCGY) Income Statement Analysis – Financial Results
- Domtar Corporation (UFS.TO) Income Statement Analysis – Financial Results
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 CEO Jay Jackson Discusses Misconceptions About Life Insurance on the Wealthion Podcast
ORLANDO, Fla., Feb. 06, 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, announced today that Abacus Life...
Abacus Life CEO Jay Jackson Discusses Lifespan Data and Financial Planning on SPAC Insider Podcast
ORLANDO, Fla., Feb. 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, announced today that Abacus Life...
Abacus Life Repurchases $1.9 Million of Stock in First 30 Days of Program
ORLANDO, Fla., Jan. 09, 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 Announces $15 Million Stock Repurchase Program
ORLANDO, Fla., Dec. 12, 2023 (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, announced today that its Board...
New Exchange Preferred Stock And Traded Debt IPOs, November 2023
New Exchange Preferred Stock And Traded Debt IPOs, November 2023
Abacus Life: Have They Cracked Life Settlements?
Abacus Life Settlements has emerged as a profitable opportunity in the SPAC wreckage, trading down about 35% since its merger. Abacus operates differently from its predecessor, Emergent Capital, by originating policies and selling them to investors or its subsidiary. Abacus...
Abacus Life Reports Third Quarter 2023 Results
- Total Revenue Grew 20% Year-over-Year to $21.1 Million - - Increased Originations Capital Deployment by 43% Year-over-Year to $51 Million - - GAAP Net Income of $0.9 Million; non-GAAP Adjusted Net Income of $9.2 Million - - Non-GAAP Adjusted...
Abacus Life to Participate in the Stephens Investment Conference
ORLANDO, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies, policy originator and alternative asset manager specializing in specialty insurance products, today announced that its Chief...
Abacus Life, Inc. Prices Public Offering of $31.0 Million 9.875% Notes Due 2028
ORLANDO, Fla., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) today announced that it has priced an underwritten public offering of $31.0 million in aggregate principal amount of its 9.875% notes due 2028 (the “Notes”)....
Abacus Life to Announce Third Quarter 2023 Financial Results on Monday, November 13, 2023
ORLANDO, Fla., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies, policy originator and alternative asset manager specializing in specialty insurance products, today announced it will release...
Source: https://incomestatements.info
Category: Stock Reports