Fri, Mar 28, 9:19 PM (28 days ago)
### Summary of Abacus Global Management, Inc. (ABL) **Financial Performance:** - **Revenue:** $111,923,786 (2024) vs. $66,401,451 (2023) - **Net Income:** -$24,918,037 (2024) vs. $9,034,487 (2023) - **Operating Expenses:** $101,440,357 (2024) vs. $35,785,192 (2023) **Revenue Breakdown:** - **Asset Management Fees:** $2,841,481 (2024) - **Active Management:** $102,819,361 (2024) - **Origination Fees:** $5,457,147 (2024) - **Portfolio Servicing Fees:** $772,169 (2024) - **Technology Services:** $33,628 (2024) **Operating Expenses:** - **Sales and Marketing:** $9,063,384 (2024) - **General and Administrative:** $81,734,518 (2024) - **Depreciation and Amortization:** $7,910,158 (2024) **Earnings per Share:** - **Basic:** -$0.34 (2024) vs. $0.17 (2023) - **Diluted:** -$0.34 (2024) vs. $0.16 (2023) **Strategic Overview:** - **Mission:** Revolutionize financial services through expert asset management and data-driven lifespan insights. - **Vision:** Transform financial decisions through technology, longevity data, and expert asset management. - **Divisions:** Abacus Life Solutions, Abacus Asset Group, ABL Tech, ABL Wealth. **Future Outlook:** - **Market Growth:** Anticipated growth in the life settlements industry. - **Technological Innovation:** Continued investment in technology to improve analytics, market liquidity, and capital use. - **Capital Access:** Public trading status expected to provide lower cost of capital. **Risk Factors:** - **Market Risks:** Competition, regulatory changes, economic conditions. - **Operational Risks:** Dependence on key personnel, intellectual property risks. - **Financial Risks:** Currency fluctuations, debt obligations. **Financial Condition:** - **Cash and Cash Equivalents:** $131,944,282 (2024) - **Long-Term Debt:** $343,387,764 (2024) - **Equity:** $423,294,672 (2024) **Market Position Changes:** - **Market Share:** Approximately 26% based on 2023 data. - **Operational Reach:** 49 states, with plans to expand further. **Note:** Amounts are usually in thousands, 000s.