Abacus Life Q2 revenue $18.3M (+30% YoY); net income $6.4M (+40% YoY)

Abacus Global Management, Inc.

2023-Q2 EPS reported $0.29 revenue$21,584,974

Revenue $18.3M (+30% YoY); net income $6.4M (+40% YoY); adjusted EBITDA $8.8M (+33% YoY).
Originations capital deployment $59.7M (+88% YoY); policies originated 141 (+4%).
Active management revenue $11.0M (+38% YoY); originations revenue nearly quadrupled to $2.7M.
Adjusted EBITDA margin 48.4% (vs 47.0% YoY); annualized ROIC 28.5%, ROE 16.0%.
Cash $20.6M, policy assets $66.5M, long-term debt $66.2M; public listing completed post-quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Abacus Global Management, Inc. reported the quarter ended June 30, 2023 results: revenue $18.3 million, net income $6.4 million.

Period: the quarter ended June 30, 2023
Revenue: $18.3 million
Net income: $6.4 million
Result: reported results

Exact text from the filing

is included here as Exhibit 99.1 hereto. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 ABACUS LIFE REPORTS SECOND QUARTER 2023 RESULTS - Revenue Grew 30% Year-over-Year to $18.3 Million - - Increased Originations Capital Deployment by 88% Year-over-Year to $59.7 Million - - Net Income Increased 40% Year-over-Year to $6.4 Million - - Adjusted EBITDA Grew 33%

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Source: SEC EDGAR

accession 0001193125-23-211511

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