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Abacus Life Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Thursday, March 21, 2024

Growth, Webcast, Intangibles, Policy, ROE, ABL, Asset, GAAP, Income tax, Eastern Time Zone, Total, Video game

ORLANDO, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter and full year ended December 31, 2023.

Key Points:

Total revenue for the fourth quarter of 2023 grew 25% to $23.6 million, compared to $18.8 million in the prior-year period.
Adjusted net income for the fourth quarter of 2023 was $5.9 million, compared to $11.0 million in the prior-year period.
Adjusted EBITDA for the fourth quarter of 2023 was $11.0 million, compared to $11.1 million in the prior-year period.
Total operating expenses for the fourth quarter of 2023 were $20.0 million, compared to $4.4 million in the prior-year period.

Asset Entities Inc. Enters Into Agreement with Zendrop, the “#1 High Margin Dropshipping App”

Retrieved on:

Thursday, March 21, 2024

CRM, Software as a service, Asset, Partnership, Social media, Ternary, ASST, USD, Sales

Asset Entities will be providing its services and solutions to Zendrop, through Ternary, a SaaS platform for payment processing and Stripe Verified Partner for Discord communities.

Key Points:

Asset Entities will be providing its services and solutions to Zendrop, through Ternary, a SaaS platform for payment processing and Stripe Verified Partner for Discord communities.
These services will include a suite of customer relationship management (CRM) solutions, Discord customer analytics, and payment processing.
We believe that the synergies that exist between our two companies are a game-changer,” says Asset Entities’ Chief Executive Officer, Arshia Sarkhani.
Dropshipping is an order fulfillment option that allows e-commerce businesses to outsource the procuring, storing, and shipping of products to a third party worldwide.

UP Fintech Holding Limited Reports Unaudited Fourth Quarter And Full Year 2023 Financial Results

Retrieved on:

Wednesday, March 20, 2024

Communication, Conference, HK, Asset, IPO, Fintech, ADS, Net, Investment, RSVP, Depreciation, GAAP

For the fourth quarter of 2023, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 157,931,785.

Key Points:

For the fourth quarter of 2023, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 157,931,785.
Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.
Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures.
We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

Alvotech Reports Financial Results for Full Year 2023 and Provides a Business Update

Retrieved on:

Wednesday, March 20, 2024

Management will conduct a business update conference all and live webcast on March 21, 2024 at 8:00 am ET (12:00 pm GMT).

Key Points:

Management will conduct a business update conference all and live webcast on March 21, 2024 at 8:00 am ET (12:00 pm GMT).
Alvotech announced positive top-line results from a pharmacokinetic (PK) study for AVT05, a biosimilar candidate to Simponi® and Simponi Aria® (golimumab).
Alvotech announced positive top-line results from a PK study for AVT03, a biosimilar candidate to Prolia® and Xgeva®, which both contain denosumab.
Alvotech will conduct a business update conference call and live webcast on Thursday, March 21, 2024, at 8:00 am ET (12:00 pm GMT).

Golden Matrix Reports First Quarter Financial Results With Record Revenues of $11.84 Million

Retrieved on:

Thursday, March 14, 2024

E-commerce, Growth, Golden, Acquisition, Table, Adjustment, Interest expense, FYE, Compensation, Asset, GAAP, Marketing

Record quarterly revenues of $11.84 million, an increase of 10% on revenues of $10.78 million in the like year-ago quarter.

Key Points:

Record quarterly revenues of $11.84 million, an increase of 10% on revenues of $10.78 million in the like year-ago quarter.
Cash-on-hand of $17.29 million, current assets of $24.19 million, and total assets of $37.1 million as of January 31, 2024.
Revenue contributions from the company’s B2B and B2C (RKings, MEXPLAY) segments in Q1 were $4.62 million (39%) and $7.22 million (61%), respectively.
“We are exceptionally pleased with the company’s performance in Q1 to kick-off the new fiscal year,” said Golden Matrix CEO Brian Goodman.

KBRA Wins Triple A Credit Rating Agency Awards for ESG at The Asset Awards 2024

Retrieved on:

Tuesday, April 2, 2024

Professional Services, Finance, Element, Asset, Confusion, Risk, Education, ESG, Acquisition, Asset-backed security, Criterion, Security (finance)

KBRA, a global full-service credit rating agency, is pleased to announce it was named ESG Credit Rating Agency of the Year by The Asset, a leading Asian financial market publication.

Key Points:

KBRA, a global full-service credit rating agency, is pleased to announce it was named ESG Credit Rating Agency of the Year by The Asset, a leading Asian financial market publication.
KBRA won ESG Credit Rating Agency of the Year in both the U.S. and Europe at the publication’s Triple A Sustainable Finance Awards 2024 dinner, which was held in Hong Kong in March.
KBRA previously won the Asset Backed Securities Rating Agency of the Year award in the region for both 2022 and 2021.
“When it comes to ESG coverage in Europe and the Americas, KBRA is a leader,” The Asset said.

Zinnia Closes Acquisition of Ebix’s North American Life and Annuity Assets

Retrieved on:

Monday, April 1, 2024

Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge Industries business and leading life and annuity insurance technology services company, and Ebix, Inc. (“Ebix”), a supplier of software solutions, today announced that Zinnia’s acquisition of Ebix’s North American Life and Annuity Assets (the “L&A Assets”) has closed.

Key Points:

Zinnia Corporate Holdings (“Zinnia” or “the Company”), an Eldridge Industries business and leading life and annuity insurance technology services company, and Ebix, Inc. (“Ebix”), a supplier of software solutions, today announced that Zinnia’s acquisition of Ebix’s North American Life and Annuity Assets (the “L&A Assets”) has closed.
Zinnia will be welcoming over 770 new team members across 6 locations in India and the United States.
Global operations across the L&A Assets will be uninterrupted for customers and partners, providing continuity for the life insurance and annuity ecosystem.
The acquisition will further enable Zinnia to better serve carriers, distributors, and consumers as it builds the modern rails of the insurance industry.

Adobe Summit 2024: Adobe Unveils the Future of Customer Experience Management (CXM) in the Age of Generative AI

Retrieved on:

Tuesday, March 26, 2024

In the era of generative AI, Adobe is providing a roadmap to help brands activate AI to deliver customer value and capture the massive opportunity in driving personalization at scale.

Key Points:

In the era of generative AI, Adobe is providing a roadmap to help brands activate AI to deliver customer value and capture the massive opportunity in driving personalization at scale.
This is anchored in Adobe Experience Platform, which enables brands to activate customer data across various enterprise systems through an integrated set of applications.
Adobe announced today an expanded partnership with Microsoft to deliver generative AI capabilities for marketers that bring powerful Adobe Experience Cloud customer experience insights and Firefly generative AI directly into Microsoft applications to reinvent workflows and ignite productivity.
Adobe Summit 2024 is a hybrid event with both an in-person and online presentation powered by Adobe Experience Cloud.

Adobe Announces Generative AI Solutions to Jumpstart Content Supply Chain for Enterprises

Retrieved on:

Tuesday, March 26, 2024

Today, at Adobe Summit – the world’s largest Digital Experience Conference – Adobe (Nasdaq:ADBE) announced major product innovations that will empower brands to optimize their entire content supply chain with generative AI.

Key Points:

Today, at Adobe Summit – the world’s largest Digital Experience Conference – Adobe (Nasdaq:ADBE) announced major product innovations that will empower brands to optimize their entire content supply chain with generative AI.
Adobe has an integrated set of best-in-class products to help companies automate and optimize their content supply chain.
With Adobe GenStudio, Adobe will be releasing a new generative AI-first offering that lets marketing teams quickly plan, create, manage, activate and measure on-brand content.
Adobe Content Analytics: Brands will be able to understand the performance of AI-generated content down to the attribute level.

Heritage Global Inc. Reports Full Year 2023 Operating Income of $14.3 Million; Achieves $4.6 Million in Operating Income for Fourth Quarter 2023

Retrieved on:

Thursday, March 14, 2024

Asset Management, Professional Services, Finance, Web browser, Growth, Risk, Webcast, History, Adjustment, Asset, Investment, Collection

Heritage Global Chief Executive Officer Ross Dove commented, “2023 was the best year in our history, as demonstrated by our ability to achieve full-year 2023 operating income of $14.3 million.

Key Points:

Heritage Global Chief Executive Officer Ross Dove commented, “2023 was the best year in our history, as demonstrated by our ability to achieve full-year 2023 operating income of $14.3 million.
“I am pleased with our team’s efforts and execution this year, exemplified by our full-year operating income of $14.3 million.
The Company achieved operating income of $4.6 million for the fourth quarter of 2023, as compared to operating income of $3.1 million in the fourth quarter of 2022.
EBITDA totaled $4.7 million in the fourth quarter of 2023 versus EBITDA of $3.3 million in the fourth quarter of 2022 and Adjusted EBITDA was $4.9 million compared to $3.4 million in the prior-year quarter.