share_log

Abacus Life Provides Preliminary Q3 2024 Results; Expects Total Revenue Between $26M-$28M

Benzinga ·  Oct 22 20:27

- Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year -

- Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million -

- Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year -

- Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 -

ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024.

Preliminary Financial Results - Third Quarter 2024

Based upon management's current expectations, the Company anticipates Total Revenue, Net Income, and Adjusted EBITDA, for the third quarter as follows:

3Q24
Total RevenueBetween $26.0 and $28.0 million
GAAP Net Income / (Loss)Between ($6.0) and ($6.75) million
Adjusted EBITDABetween $14.0 and $16.0 million
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment