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Ebix Inc  (EBIX)
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Price: $1.1600 $-0.55 -32.164%
Day's High: $1.72 Week Perf: -38.62 %
Day's Low: $ 1.05 30 Day Perf: -73.15 %
Volume (M): 12,339 52 Wk High: $ 32.87
Volume (M$): $ 14,313 52 Wk Avg: $14.45
Open: $1.71 52 Wk Low: $1.05



 Market Capitalization (Millions $) 36
 Shares Outstanding (Millions) 31
 Employees 5,000
 Revenues (TTM) (Millions $) 736
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 15

Ebix Inc
Ebix Inc. is a software as a service (SaaS) company headquartered in Atlanta, Georgia, that provides a range of on-demand software solutions for the insurance, financial, healthcare, and e-commerce industries. The company was founded in 1976 by Robin Raina and has grown through a series of strategic acquisitions over the years.

The company's business model is focused on developing and selling software solutions to its clients on a subscription basis. The company's software products cater to different areas of the insurance industry, including life insurance, property and casualty insurance, health insurance, and annuities.

Ebix's suite of software solutions includes solutions for policy administration, CRM, risk management, underwriting, and e-commerce. The company also offers mobile apps for insurance agents and brokers that allow them to access real-time information about their clients.

The company's financial solutions include payment processing, risk management, and foreign exchange services. Ebix also provides healthcare solutions that focus on electronic medical records (EMRs), telemedicine, and healthcare information systems.

Ebix has a global presence, with operations in the United States, Canada, Europe, Australia, New Zealand, India, Brazil, and Singapore. The company's customer base includes insurance companies, financial institutions, healthcare providers, and e-commerce businesses.

In recent years, the company has faced investigations into its accounting practices, including its revenue recognition policies. In 2019, Ebix faced a probe by the US Securities and Exchange Commission over the accounting for its acquisitions. Despite these challenges, the company has continued to grow, with revenues of $506 million in 2019, up from $476 million in 2018.

Overall, Ebix Inc. is a leading provider of software solutions for the insurance, financial, healthcare, and e-commerce industries. With a focus on subscription-based software solutions and a global presence, the company is positioned to continue its growth in the years ahead.


   Company Address: 1 Ebix Way Johns Creek, 30097 GA
   Company Phone Number: 281-2020   Stock Exchange / Ticker: NASDAQ EBIX
   


   

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Ebix Inc

Ebix Inc Faces Major Financial Setback: Profits Plummet and Revenue Takes a Hit

Ebix Inc is a global company that specializes in providing on-demand software and e-commerce services to various industries, including insurance, financial services, travel, healthcare, and e-learning. Recently, the company reported its financial results for the quarter ended September 30, 2023.
During this period, Ebix Inc faced significant challenges, as the company slipped into a loss of $-0.33 per share compared to a profit of $0.59 per share in the same period last year. Additionally, earnings per share fell from $0.01 to a loss of $-0.33 per share from the previous reporting period. The company's revenue also took a sharp hit, dropping by -53.77% to $119.23 million from $257.90 million in the corresponding period a year ago. However, there was a sequential revenue growth of 0.674% from $118.43 million.

Ebix Inc

Ebix Inc Faces Financial Crisis: Q2 2023 Earnings Plunge by 98.41% as Competitors Thrive

Ebix Inc is a global provider of cloud computing and data analytics solutions. The company recently reported its financial results for the second quarter of 2023, which showed a sharp decline in income and earnings per share compared to the same period last year.
In Q2 2023, Ebix Inc experienced a significant drop in income, with a decline of -98.41% from $0.63 per share to just $0.01 per share. Similarly, earnings per share dropped by -95.65% from $0.23 per share in the preceding reporting period. This decline in income and earnings per share can be attributed to various factors, including changes in market conditions and increased competition in the industry.

Ebix Inc

Ebix Inc Faces Revenue Softness, but Operating Income Surges in Q1 2023

Despite the decline in net profit and revenue, Ebix Inc continues to maintain a strong operating margin, with an increase in operating income to 12.56% for the first quarter of 2023. While the net margin may have recoiled to 2.52%, the operating earnings rose by 1.25% to $30.485 million.
It's worth noting that Ebix Inc's return on assets for the first quarter of 2023 was 3.29%, a decrease from the previous quarter due to the decline in net income. However, the overall ranking has advanced to 1052 from the total ROA ranking in the fourth quarter of 2022 at 1644, indicating improved performance.
The technology sector has seen 130 other companies with a higher return on assets, but Ebix Inc remains a strong player in the market. It would be interesting to see how the company performs in the coming quarters and whether it can bounce back from the recent decline.






 

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