Welcome to our dedicated page for Abacus Global Management news (Ticker: ABLLW), a resource for investors and traders seeking the latest updates and insights on Abacus Global Management stock.
ABLLW represented public warrants of Abacus Global Management, a financial services company focused on alternative asset management, data-driven wealth solutions, technology innovation, institutional services and longevity-based assets. News about the issuer commonly covers operating and financial results, policy originations, capital deployment, portfolio trading activity, management presentations and governance appointments.
Company updates also include capital-structure actions tied to the warrant security, including exchange-offer, warrant-amendment and listing-status developments, alongside recurring disclosures about Abacus Global Management's common stock and senior notes.
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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