Ebix

Ebix, Inc. engages in the provision of software and e-commerce services to the insurance, finance, and healthcare industries. It operates through the following product and service channels: EbixCash Exchanges, Insurance Exchanges, and Risk Compliance Solutions. The EbixCash Exchanges channel offers money transfer, payment, and ticketing and travel services. The Insurance Exchanges channel includes software, setup, customization, transaction processing, maintenance, and hosting services. The Risk Compliance Solutions channel consists of certificates of insurance and consulting services. The company was founded in 1976 and is headquartered in Johns Creek, GA.

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Ebix achieves record revenue in 2022 amidst currency challenges

Ebix had a strong year in terms of revenue but faced challenges in Q4 2022, including currency impacts and increased expenses.
The company's EbixCash business showed significant growth, while North America saw market share gains in specific divisions.
Challenges include the EHAE joint venture's impact on revenues and the need to address refinancing and credit facility maturity.
Ebix is focused on seizing growth opportunities, optimizing tax rates, and reducing interest costs through potential IPO and refinancing strategies.

Ebix reports robust Q1 earnings, eyes growth amid challenges

Ebix delivered strong financial performance in Q1 2023 with revenue growth and improved operating income.
The company faces challenges from external factors like inflation and changing revenue recognition rules.
Opportunities lie in expanding EbixCash, pursuing high-margin projects, and enhancing operational efficiency.
Strategic focus on debt reduction and growth initiatives demonstrate a proactive approach to financial management.
Maintaining operating margins and navigating revenue materiality concerns are key priorities for future success.

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Ebix is a leading international supplier of software and e-commerce solutions to the insurance industry. They provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development for all entities involved in the insurance and financial industries. Their powers businesses in more than 50 countries across six continents.

JOHNS CREEK, Ga., July 14, 2023 (GLOBE NEWSWIRE) -- Updated Release with a few clarifications - Ebix, Inc. (NASDAQ: Ebix), today issued an informational release with a few clarifications and updates to the previously issued strategic update release on July 6th, 2023.

Update to the Press Release titled – Ebix Provides a Strategic Update

Ebix Inc. EBIX stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning sectors said it's in “advanced stages” in the sale of part of its assets. The company said the deal will generate enough proceeds to repay 100% of its bank debt.

Ebix stock rises as asset sale generates interest from ‘multiple bidders'

JOHNS CREEK, Ga., July 06, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, today provided a strategic update, detailing the multiple paths it is pursuing to achieve the stated aspirational goal of being a debt-free company in 2023.

Ebix Provides a Strategic Update

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JOHNS CREEK, Ga., May 24, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it has signed an amendment (“Amendment No. 14”) to its existing credit agreement, extending the maturity date to September 30, 2023.

Ebix Signs Debt Extension Amendment

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Ebix's pivot towards a debt-free model could unlock significant value for investors, enhancing shareholder equity, and boosting the company's valuation. The journey to debt-free status involves several strategies including potential divestments, IPO of EbixCash, and strategic cutbacks, but carries inherent risks and uncertainties.

Ebix Inc.: Debt-Free Means Undervalued

Ebix, Inc. (NASDAQ:EBIX ) Q1 2023 Earnings Conference Call May 10, 2023 11:00 AM ET Company Participants Darren Joseph - Corporate VP, Finance & HR Amit Garg - CFO Ash Sawhney - President, Insurance Solutions, North America Robin Raina - Chairman, CEO & President Conference Call Participants Jeff Van Rhee - Craig-Hallum Christopher Sakai - Singular Research Operator Hello, ladies and gentlemen, and welcome to the Ebix First Quarter 2023 Investor Call. Today's conference is being recorded and all lines have been placed on mute to prevent any background noise.

Ebix, Inc. (EBIX) Q1 2023 Earnings Call Transcript

JOHNS CREEK, Ga., May 10, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended March 31, 2023:

Ebix Announces Q1 2023 Revenues of $242.8 Million with $30.5 Million GAAP Operating Income

JOHNS CREEK, Ga., May 04, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2023 first quarter results on Wednesday, May 10, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public.

Ebix Hosts Q1 Investor Call Wednesday, May 10, 2023 at 11:00 a.m. ET

NOIDA, India and JOHNS CREEK, Ga., April 10, 2023 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has received the final observation letter/clearance from the Securities and Exchange Board of India (SEBI) for its proposed initial Public Offering (IPO). EbixCash will now be working with its advisors on the next steps leading to the listing of EbixCash on NSE and BSE.

EbixCash Receives SEBI Clearance

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Ebix, Inc. (NASDAQ:EBIX ) Q4 2022 Earnings Conference Call March 15, 2023 11:00 AM ET Company Participants Darren Joseph - Corporate VP, Finance & HR Steven Hamil - Corporate EVP & Global CFO Ash Sawhney - President, Insurance Solutions, North America Robin Raina - Chairman, CEO & President Conference Call Participants Jeff Van Rhee - Craig-Hallum Christopher Sakai - Singular Research Operator Ladies and gentlemen, good morning. My name is Abby and I will be your conference operator today.

Ebix, Inc. (EBIX) Q4 2022 Earnings Call Transcript

Ebix Inc (NASDAQ:EBIX), a technology company focused on e-commerce and cloud computing, saw its shares plunge despite reporting that it had clocked up record revenue of $1.1 billion for the fiscal year 2022. For its fourth quarter ended December 31, 2022, Ebix reported revenue of $255.21 million, beating the consensus estimate of $251.04 million.

Ebix plunges despite posting record revenue of $1.1B in 2022

JOHNS CREEK, Ga., March 15, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare, and e-learning industries today announced the following results for the quarter ended December 31, 2022 and the full year results for 2022:

Ebix Reports Record Revenues of $1.1 Billion, 2022 Operating Income of $120.3 Million with 1% YoY Growth, Operating Cash Flow of $32.5 Million in Q4 2022 and $77.6 Million for Fiscal Year 2022, with 12% YOY Growth

JOHNS CREEK, Ga., March 07, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries, today announced that the Company will report its 2022 fourth quarter and full year results on Wednesday, March 15, 2023, and will host an investor conference call at 11:00 am ET on the same day to discuss the Company's performance. The call is open to the public.

Ebix Hosts Q4 Investor Call Wednesday, March 15, 2023 at 11:00 a.m. ET

JOHNS CREEK, Ga., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced that it has signed an amendment (“Amendment No. 13”) to its existing credit agreement, extending the maturity date to May 23, 2023.

Ebix Signs Debt Extension Amendment with Existing Lenders

On the Eve of Conference, Company Announces 81% YOY Growth in Annuity Premiums in January 2023 On the Eve of Conference, Company Announces 81% YOY Growth in Annuity Premiums in January 2023

Ebix Hosts its Largest Customer Conference Beginning Today

NOIDA, India and JOHNS CREEK, Ga., Feb. 14, 2023 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has become the first company in India to pioneer, launch and enable Unified Payments Interface (UPI) transactions for foreign nationals visiting India. This new capability will allow a Foreign national visiting India to pay for goods and services in India, using UPI in seconds.

EbixCash Becomes the First to Launch UPI for Foreign Nationals visiting India

JOHNS CREEK, Ga., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: Ebix), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that it closed 2022 with record volumes on its Annuity Exchange Platform called AnnuityNet4 (AN4).

Ebix Annuity Exchange Achieved Record Volumes in 2022

Given the poor performance of its stock price, as seen in the first chart of this article, one might expect that its financial performance has been similarly poor. And well, one might be right in presuming that.

Ebix: Deteriorating Margins And ROIC Leave Me Worried

JOHNS CREEK, Ga., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc. (NASDAQ: “Ebix”), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, today announced that it has engaged Jefferies LLC and Jefferies Finance LLC (together referenced as “Jefferies”), a reputed global investment bank, to serve as its banker in connection with the refinancing of the Company's existing credit facilities. As a part of the engagement, Jefferies will exclusively assist the Company in exploring public and private debt and equity options.

Ebix Engages Jefferies as its Exclusive Investment Bank

NOIDA, India and JOHNS CREEK, Ga., Nov. 30, 2022 (GLOBE NEWSWIRE) -- EbixCash Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has been awarded a long-term order for implementation of a new Electronic ticket issuance and online reservation system for one of India's largest states Maharashtra, by the Government owned Maharashtra State Road Transport Corporation (MSRTC).

EbixCash Wins Long-term Maharashtra State Road Transport Corporation (MSRTC) Contract Involving Electronic issuance and Online Reservation System, for an Estimated 6 Billion Passenger Tickets

JOHNS CREEK, Ga., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Ebix, Inc., (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that its Board of Directors has declared a regular quarterly dividend of 7.5 cents per common share. The dividend is payable December 16, 2022 to shareholders of record at the close of business on December 5, 2022.

Ebix Declares 7.5 Cent Quarterly Dividend, Payable December 16, 2022 to Shareholders of Record as of December 5, 2022

Ebix, Inc. (NASDAQ:EBIX ) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET Company Participants Darren Joseph - Corporate VP, Finance & HR Steven Hamil - Corporate EVP & Global CFO Ash Sawhney - President, Insurance Solutions, North America Robin Raina - Chairman, CEO & President Conference Call Participants Joichi Sakai - Singular Research Jeff Van Rhee - Craig-Hallum Operator Good morning, and welcome to Ebix, Inc.'s Third Quarter 2022 Financial Results Investor Call. [Operator Instructions].

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