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Abacus Life Inc
Previous close
$11.98
Day range
$11.82 - $12.12
Year range
$5.47 - $13.25
Market cap
759.88M USD
Avg Volume
33.20K
P/E ratio
72.42
Dividend yield
-
Primary exchange
NASDAQ
Market news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 23.70M | 58.72% |
Operating expense | 18.87M | 1,041.51% |
Net income | -6.22M | -161.16% |
Net profit margin | -26.26 | -138.53% |
Earnings per share | — | — |
EBITDA | 4.88M | -56.60% |
Effective tax rate | 10.79% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 27.84M | -7.36% |
Total assets | 331.83M | 461.51% |
Total liabilities | 167.76M | 442.11% |
Total equity | 164.07M | — |
Shares outstanding | 63.24M | — |
Price to book | 4.63 | — |
Return on assets | 2.49% | — |
Return on capital | 2.68% | — |
Cash Flow
Net change in cash
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | -6.22M | -161.16% |
Cash from operations | -13.35M | -178.11% |
Cash from investing | -327.94K | 81.49% |
Cash from financing | 2.61M | -76.00% |
Net change in cash | -11.06M | -142.20% |
Free cash flow | 9.44M | 124.45% |
About
Abacus Life, Inc. is an American life settlement company that specializes in the origination and management of life insurance policies. It is based in Orlando, Florida.
The company operates by purchasing policies either from insured individuals or from firms that invest in active life insurance policies. After acquiring these policies, Abacus Life either maintains ownership or sells them to investment firms. Wikipedia
Founded
2004
Headquarters
Website
Employees
102