Stock Track | Abacus Global Management Soars 7.55% After Hours on Strong Q4 Results and Upbeat 2025 Outlook-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Stock Track | Abacus Global Management Soars 7.55% After Hours on Strong Q4 Results and Upbeat 2025 Outlook

Stock Track03-27

Shares of Abacus Global Management (NASDAQ: ABL) jumped 7.55% in after-hours trading on Thursday following the release of the company's fourth quarter 2024 results and 2025 guidance, which exceeded analyst expectations.

The alternative asset management firm reported total revenue of $33.2 million for Q4 2024, representing a 40% increase year-over-year and surpassing the analyst consensus estimate of $29.76 million. While Abacus posted a GAAP net loss of $18.3 million for the quarter, its adjusted net income more than doubled to $13.4 million compared to $5.9 million in the prior-year period.

Investors were particularly encouraged by Abacus Global Management's outlook for 2025. The company initiated full-year 2025 guidance for adjusted net income between $70 million and $78 million, implying growth of 51% to 68% compared to 2024. This strong forecast, coupled with the Q4 revenue beat, likely fueled the after-hours stock surge as market participants anticipate continued robust growth for the firm.

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