- Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year -
- Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million -
- Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year -
- Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 -
ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") (NASDAQ:ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024.
Preliminary Financial Results - Third Quarter 2024
Based upon management's current expectations, the Company anticipates Total Revenue, Net Income, and Adjusted EBITDA, for the third quarter as follows:
| 3Q24 | |
| Total Revenue | Between $26.0 and $28.0 million |
| GAAP Net Income / (Loss) | Between ($6.0) and ($6.75) million |
| Adjusted EBITDA | Between $14.0 and $16.0 million |
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