Abacus Life Says Remain Well On Track To Achieve All Of Its Goals For 2024
Portfolio Pulse from Benzinga Newsdesk
Abacus Life remains on track to achieve its 2024 goals, expecting Q2 net income between $0.0 and $1.0 million and Adjusted EBITDA between $15.0 and $17.0 million. The company completed a public offering generating over $90 million in net proceeds to pursue growth opportunities.
July 18, 2024 | 8:20 pm
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Abacus Life expects Q2 net income between $0.0 and $1.0 million and Adjusted EBITDA between $15.0 and $17.0 million. The company completed a public offering generating over $90 million in net proceeds to pursue growth opportunities.
The positive financial outlook and successful public offering indicate strong growth potential for Abacus Life. The net proceeds from the offering will support further growth opportunities, likely boosting investor confidence and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100