Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028

ABLLL

ABLLLAbacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 US flag

NASDAQ Global Market

25.61

USD

+0.01

- -

2.50BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	1	23	45	66	112	235
+ Sales & Services Revenue	1	23	45	66	112	235
- Cost of Revenue	1	14	6	6	11	29
+ Cost of Goods & Services	1	14	6	6	11	29
Gross Profit	1	8	39	60	101	206
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	7	4	35	99	121
+ Selling, General & Admin	- -	7	4	31	91	102
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	3	8	19
Operating Income (Loss)	1	1	35	25	2	85
- Non-Operating (Income) Loss	- -	- -	2	15	21	33
+ Interest Expense, Net	- -	- -	- -	9	16	35
+ Interest Expense	- -	- -	- -	10	18	39
- Interest Income	- -	- -	- -	1	2	4
+ Other Non-Op (Income) Loss	- -	- -	1	5	5	-2
Pretax Income	1	1	33	11	-19	53
- Income Tax Expense (Benefit)	- -	- -	1	1	5	15
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	1	32	9	-25	37
- Net Extraordinary Losses (Gains)	- -	- -	1	-1	-2	2
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	1	-1	-2	2
Income (Loss) Incl. MI	1	1	31	10	-23	36
- Minority Interest	- -	- -	-1	- -	1	-1
Net Income, GAAP	1	1	32	10	-24	37
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	1	32	10	-24	37
EBIT	1	1	35	25	2	85
EBITDA	1	1	35	29	10	104
EBITDA Margin (%)	54.06	4.29	77.84	42.96	8.71	44.21
EBITA	1	1	35	25	2	85
Gross Margin (%)	57.98	37.12	86.84	90.23	89.84	87.73
Operating Margin (%)	54.06	4.15	77.83	37.82	1.65	36.3
Profit Margin (%)	54.06	4.41	70.86	14.33	-21.41	15.53
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	3	8	19
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	4	33	32	160	70
+ Cash, Cash Equivalents & STI	- -	3	30	28	132	38
+ Cash & Cash Equivalents	- -	3	30	26	132	38
+ ST Investments	- -	- -	- -	2	- -	- -
+ Accounts & Notes Receiv	- -	1	3	3	25	28
+ Accounts Receivable, Net	- -	- -	- -	2	23	27
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	1	3	1	2	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	1	3	4
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1	2	26	300	715	833
+ Property, Plant & Equip, Net	- -	- -	- -	2	6	6
+ Property, Plant & Equip	- -	- -	- -	2	6	7
- Accumulated Depreciation	- -	- -	- -	- -	- -	1
+ LT Investments & Receivables	1	1	26	127	376	491
+ LT Investments	1	1	26	127	376	491
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	171	333	335
+ Total Intangible Assets	- -	- -	- -	170	318	319
+ Goodwill	- -	- -	- -	140	238	253
+ Other Intangible Assets	- -	- -	- -	30	80	66
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	1	15	16
Total Assets	1	5	59	332	874	902
+ Payables & Accruals	- -	- -	1	6	7	16
+ Accounts Payable	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	1	- -	3
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	1	6	7	13
+ ST Debt	- -	- -	- -	13	39	117
+ ST Borrowings	- -	- -	- -	13	38	116
+ ST Finance Leases	- -	- -	- -	- -	1	1
+ Other ST Liabilities	- -	2	- -	4	17	16
+ Deferred Revenue	1	2	- -	1	2	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-1	- -	- -	3	14	16
Total Current Liabilities	- -	2	1	23	62	149
+ LT Debt	- -	- -	28	129	347	295
+ LT Borrowings	- -	- -	28	127	342	290
+ LT Finance Leases	- -	- -	- -	2	5	5
+ Other LT Liabilities	- -	- -	1	16	41	41
+ Accrued Liabilities	- -	- -	1	9	27	30
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	7	15	10
Total Noncurrent Liabilities	- -	- -	30	144	388	335
Total Liabilities	- -	3	31	168	451	484
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	1	200	494	516
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	1	200	494	516
- Treasury Stock	- -	- -	- -	1	12	56
+ Retained Earnings	1	3	25	-35	-58	-42
+ Other Equity	- -	- -	1	- -	- -	- -
Equity Before Minority Interest	1	3	27	164	424	419
+ Minority/Non Controlling Interest	- -	- -	1	- -	-1	- -
Total Equity	1	3	28	164	423	419
Total Liabilities & Equity	1	5	59	332	874	902
Shares Outstanding	63	63	63	63	96	97
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	2	5	5
Net Debt	- -	-3	-2	114	249	368
Net Debt to Equity	-10.4	-95.46	-6.41	69.62	58.79	87.85
Tangible Common Equity Ratio	89	49.41	47.63	-3.61	18.92	17.05
Current Ratio	1.31	1.51	25.55	1.36	2.55	0.47
Cash Conversion Cycle	- -	- -	-0.39	5.57	40.97	39.02

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	1	1	32	9	-25	37
+ Depreciation & Amortization	- -	- -	- -	3	8	19
+ Non-Cash Items	- -	- -	-4	-7	2	-31
+ Stock-Based Compensation	- -	- -	- -	11	43	16
+ Deferred Income Taxes	- -	- -	1	- -	6	1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	-5	-18	-48	-47
+ Chg in Non-Cash Work Cap	- -	- -	-18	-70	-194	-51
+ (Inc) Dec in Accts Receiv	- -	- -	- -	-2	-16	-3
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	-1
+ Inc (Dec) in Accts Payable	- -	- -	1	4	2	9
+ Inc (Dec) in Other	- -	1	-19	-71	-180	-55
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	1	1	11	-64	-209	-26
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	-1	-1
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	-6	-24	171	-44
+ Increase in Capital Stock	- -	- -	- -	1	182	- -
+ Decrease in Capital Stock	- -	- -	-6	-25	-11	-44
+ Net Change in LT Investment	-1	- -	-1	- -	-1	-14
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-1	- -	-1	- -	-1	-14
+ Net Cash From Acq & Div	- -	- -	- -	- -	-2	-2
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-2	-2
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-3	3	-1	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	- -	-4	2	-5	-23
+ Dividends Paid	- -	- -	-1	- -	- -	-20
+ Net Cash From Debt	- -	- -	30	98	166	24
+ Cash From Debt	- -	- -	30	124	198	76
+ Repayments of Debt	- -	- -	- -	-26	-32	-52
+ Other Financing Activities	1	- -	- -	-17	-17	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	1	- -	23	57	320	-45
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	1	30	-4	106	-94
EBITDA	1	1	35	29	10	104
EBITDA Margin (%)	54.06	4.29	77.84	42.96	8.71	44.21
Free Cash Flow	1	1	11	-64	-210	-27
Net Cash Paid for Acquisitions	- -	- -	- -	- -	2	2
Free Cash Flow to Firm	1	1	11	-56	- -	1
Free Cash Flow to Equity	- -	1	41	34	-43	-3
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	0.98	1.35	0.34	-6.73	8.71	-0.7
Capital Expenditures	- -	- -	- -	- -	-1	-1