secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001814287-24-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life Q4 revenue +25% YoY to $23.6M; originations capital +92% to $68.3M
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- Full year 2023 total revenue $79.6M (+14% YoY); originations capital deployment $218.9M (+46% YoY).
- Q4 2023 GAAP net loss $6.2M (vs $10.1M income prior) due to non-cash stock comp, warrant liability, and debt extinguishment charges.
- Q4 2023 adjusted net income $5.9M vs $11.0M prior year; full year adjusted net income $29.4M vs $32.4M prior year.
- Stock repurchase: 725,166 shares bought back at avg $11.20 for $8.1M; $6.9M remaining under $15M program.
- Completed public bond offering, raised additional $25M via 9.875% Notes, reducing interest rate by ~275 bps; launched ABL Tech subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000027/0001814287-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000027/abl-20240321.htm
  HTML page:      https://secwatch.observer/filing/0001814287-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer