secwatch.observer — SEC 8-K summary
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Issuer:     Abacus Global Management, Inc. (ABX)
CIK:        0001814287
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001814287-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Abacus Life Q3 rev $28.1M (+33%), adj net income $14.9M (+65%); M&A on track
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- Total revenue $28.1M (+33% YoY); GAAP net loss $5.1M due to non-cash warrant liability of $7.8M.
- Adjusted net income $14.9M (+65% YoY); adjusted diluted EPS $0.20 vs $0.14.
- Adjusted EBITDA $16.7M (+54% YoY); margin 59.2% vs 51.1%.
- Origination capital deployed $93.2M (+65% YoY); policy originations 278 (+54% YoY).
- Acquisitions of Carlisle Management and FCF Advisors (~$2.6B AUM) expected to close by end of Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000053/0001814287-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814287/000181428724000053/abl-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001814287-24-000053

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