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Ebix Inc (EBIX) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1

ebixlogoa36.jpg
Ebix Reports Record Results with Q1 2019 GAAP Operating Cash Flow of $38.5 Million on 51% Growth and GAAP Revenues of $142.9M on 32% Growth

Non-GAAP Q1 2019 EPS Rose 25% to $1.04

JOHNS CREEK, GA - May 9, 2019 -
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today reported results for its first quarter ended March 31, 2019. Ebix will host a conference call to review its results today at 11:00 a.m. EDT (details below).

Ebix delivered the following results for the first quarter of 2019:

Revenue: Q1 2019 revenue rose 32% to $142.9 million compared to $108.2 million in Q1 2018 and increased 5% over Q4 2018 revenue of $136.3 million. The year over year revenue improvement reflected growth in the Company’s EbixCash channel.

On a constant currency basis, Ebix Q1 2019 revenue increased 37% to $148.0 million compared to $108.2 million in Q1 2018. Exchanges cumulatively including the insurance and EbixCash financial exchanges accounted for 88% of Q1 2019 revenues.


(dollar amounts in thousands)
 
 
 
Channel
Q1 2019
Q1 2018
Change
EbixCash Exchanges
$ 77,737
$ 36,008
+116%
Insurance Exchanges
48,105
49,163
-2%
RCS
17,172
23,059
-26%
Total Revenue
$142,924
$ 108,230
+32%
 
 
 
 
 
Total Revenue on Constant Currency Basis
$ 148.0M
$ 108.2M
+37%
 


Operating Income and Margins: Q1 2019 GAAP operating margins increased to 38% as compared to 31% in Q1 2018 and GAAP Operating income for Q1 2019 rose 60% to $54.1 million compared to $33.9 million in Q1 2018 due to a $15.4 million reduction of acquisition accrual for ItzCash, offset by $3.4 million of one-time expenses primarily associated with new acquisitions.

Non-GAAP operating margins for Q1 2019 were 30% while non-GAAP operating income was $42.8 million in the quarter.

Operating Cash: Cash generated from operations rose $13.0 million or 51% in Q1 2019 to $38.5 million compared to $25.5 million in Q1 2018. Q1 2019 cash flows were strong in spite of cumulative cash payments



The following information was filed by Ebix Inc (EBIX) on Thursday, May 9, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Ebix Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets (Parentheticals)
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Statement Of Stockholders' Equity (Unaudited)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Cash Flows (Unaudited) Supplemental Schedule Of Noncash Financing Activities
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Income (Unaudited)
Business Combinations
Business Combinations (Narrative) (Details)
Business Combinations (Pro Forma) (Details)
Business Combinations (Tables)
Capitalized Software Development Costs (Details)
Capitalized Software Development Costs (Notes)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Concentrations Of Credit Risk (Details)
Concentrations Of Credit Risk (Notes)
Debt With Commercial Bank
Debt With Commercial Bank (Narrative) (Details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (Accounts Receivables And Allowances) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Fair Value Textuals) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Finite-Lived Intangible Assets) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Goodwill) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Policies)
Description Of Business And Summary Of Significant Accounting Policies (Segment Reporting) (Details)
Description Of Business And Summary Of Significant Accounting Policies (Tables)
Description Of Business And Summary Of Significant Accounting Policies Advertising Costs (Details)
Description Of Business And Summary Of Significant Accounting Policies Capitalized Contract Costs (Details)
Description Of Business And Summary Of Significant Accounting Policies Cash, Cash Equivalents, And Restricted Cash Shown In The Statement Of Cash Flows (Details)
Description Of Business And Summary Of Significant Accounting Policies Deferred Revenue Rollforward (Details)
Description Of Business And Summary Of Significant Accounting Policies Impact Of Adopting Topic 606 On The Company???S Unaudited Consolidated Financial Statements (Details)
Description Of Business And Summary Of Significant Accounting Policies Impact Of Change In Accounting Policy (Details)
Description Of Business And Summary Of Significant Accounting Policies Recent Relevant Accounting Pronouncements (Details)
Description Of Business And Summary Of Significant Accounting Policies Reclassification (Details)
Description Of Business And Summary Of Significant Accounting Policies Revenue Recognition (Details)
Earnings Per Share
Earnings Per Share (Reconciliation Between Basic And Diluted Earnings Per Share) (Details)
Earnings Per Share (Tables)
Geographic Information
Geographic Information (Revenue By Geographic Locations) (Details)
Geographic Information (Tables)
Income Taxes
Income Taxes (Narrative) (Details)
Investment In Joint Ventures (Details)
Investment In Joint Ventures (Notes)
Leases (Notes)
Leases (Tables)
Leases Lease Costs (Details)
Leases Non Lease Arrangements Future Commitments (Details)
Leases Operating And Finance Lease Liability (Details)
Leases Operating Leases, Future Minimum Payments Due, Fiscal Maturity (Details)
Leases Other Operating And Finance Lease Information (Details) (Details)
Leases Rental Expense (Details)
Other Current Assets (Details)
Other Current Assets (Notes)
Other Current Assets (Tables)
Subsequent Events (Details)
Subsequent Events (Notes)
Ticker: EBIX
CIK: 814549
Form Type: 10-Q Quarterly Report
Accession Number: 0000814549-19-000039
Submitted to the SEC: Fri May 10 2019 11:59:52 AM EST
Accepted by the SEC: Fri May 10 2019
Period: Sunday, March 31, 2019
Industry: Computer Integrated Systems Design

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