Welcome to our dedicated page for Abacus Global Management news (Ticker: ABL), a resource for investors and traders seeking the latest updates and insights on Abacus Global Management stock.
Abacus Life Inc (ABL) provides investors with centralized access to essential corporate developments through this comprehensive news resource. Our curated collection features official announcements, strategic updates, and financial disclosures directly relevant to the company's operations in life insurance asset management.
Visitors gain immediate access to critical information including earnings reports, partnership announcements, and regulatory updates. The repository serves both active traders monitoring short-term developments and long-term investors analyzing market positioning within the alternative assets sector.
All content undergoes verification to ensure alignment with SEC regulations and corporate disclosure standards. Users can efficiently track ABL's vertical integration strategy implementation, portfolio management updates, and risk assessment methodologies through chronologically organized releases.
Bookmark this page for streamlined monitoring of ABL's evolving position in life insurance investments. Combine this resource with our financial analysis tools> for complete market perspective (remove promotional reference if required).
Abacus Life, Inc. reported a more than doubled total revenue of $21.5 million in the first quarter of 2024, driven by a 59% year-over-year growth in the Direct-to-Consumer division. The company also launched ABL Tech, raised $25 million from the issuance of senior notes, and strengthened its management team. Adjusted EBITDA grew by 38.1% to $11.6 million, with an EBITDA margin of 53.9%. Despite a GAAP net loss of $1.3 million, adjusted net income was $6.7 million. The company had cash equivalents of $65.4 million and repurchased shares worth $11 million.
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