By Karen Roman
Abacus Global Management, Inc. (Nasdaq: ABL), a company focused on alternative asset management space, said fourth quarter revenue increased 40% to $33.2 million compared to $23.6 million the year prior.
Adjusted net income was $13.4 million compared to $5.9 million, while adjusted EBITDA rose 51% to $16.6 million compared to $11.1 million, it stated.
The company’s fiscal outlook for 2025 is an adjusted net income between $70 million and $78 million, 51% to 68% higher than FY2024 adjusted net income of $46.5 million, Abacus said.
“We remain very excited about our vast market opportunity and are well positioned to capitalize on our momentum to drive long-term growth and create shareholder value,” said Jay Jackson, Abacus CEO.
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