Abacus Global Management, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.1M | $21.5M | $23.6M | $21.1M | $11.4M | $10.3M | $11.5M | $8.4M |
| Cost of Revenue | $2.7M | $2.7M | $1.7M | $3.4M | $973.4K | $489.6K | $1.8M | $666.1K |
| Gross Profit | $26.3M | $18.8M | $22.0M | $17.8M | $10.4M | $9.8M | $9.8M | $7.7M |
| Gross Margin | 90.6% | 87.3% | 93.0% | 84.1% | 91.4% | 95.2% | 84.8% | 92.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $14.6M | $11.4M | $15.4M | $9.8M | $577.5K | $696.9K | $59.8K | $5.5K |
| Operating Income | $6.8M | $2.3M | $1.9M | $6.3M | $8.4M | $7.5M | $10.7M | $5.3M |
| Operating Margin | 23.3% | 10.5% | 8.2% | 29.8% | 73.6% | 73.3% | 92.7% | 63.5% |
| Interest Expense | — | $3.7M | $6.2M | $2.7M | $584.1K | $357.4K | $0 | $0 |
| Pretax Income | — | — | — | — | — | — | $-6.3M | $-1.1M |
| Income Tax Expense | $1.8M | $1.2M | $-769.9K | $1.7M | $1.2M | $-656.5K | $352.1K | $120.1K |
| Net Income | $770.0K | $-1.3M | $-6.2M | $903.4K | $6.8M | $8.1M | $10.0M | $4.7M |
| Net Margin | 2.6% | -6.3% | -26.3% | 4.3% | 59.3% | 78.7% | 86.8% | 55.7% |
| EPS (Basic) | $0.01 | $-0.02 | $-0.13 | $0.01 | $0.13 | $0.16 | $0.20 | $0.09 |
| EPS (Diluted) | $0.01 | $-0.02 | $-0.14 | $0.01 | $0.13 | $0.16 | $0.20 | $0.09 |
| Shares Outstanding (Basic) | 63.8M | 63.0M | 57.0M | 63.3M | 50.5M | 50.4M | 50.4M | 50.4M |
| Shares Outstanding (Diluted) | 67.2M | 63.0M | 57.8M | 63.3M | 50.5M | 50.4M | 50.4M | 50.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |