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Ebix Inc (EBIX) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1

ebixlogoa43.jpg

Ebix Q2 Revenues Rose 16% to a Record $144.3M

GAAP Diluted EPS of $0.94, Non-GAAP Diluted EPS of $1.08
GAAP Operating Income of $41.3M, Non-GAAP Operating Income of $43.4M

JOHNS CREEK, GA - August 8, 2019 -
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-learning and healthcare industries, today reported results for its second quarter ended June 30, 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 second quarter of 2019:

Revenues: Q2 2019 revenue rose 16% to $144.3 million compared to $124.6 million in Q2 2018 and increased 1% over Q1 2019 revenue of $142.9 million. After excluding the revenues from the discontinued e-governance business, Q2 2019 revenues grew 21% in Q2 2019 as compared to Q2 2018.

On a constant currency basis, Ebix Q2 2019 revenue increased 18% to $147.4 million compared to $124.6 million in Q2 2018. Exchanges cumulatively including the insurance and EbixCash financial exchanges accounted for 87% of Q2 2019 revenues. Also, on a constant currency basis, year to date revenue increased 27% to $295.4 million as compared to $232.9 million during the same period in 2018.

The year over year revenue improvement reflected 43% growth in the Company’s EbixCash channel. After excluding the revenues from the discontinued e-governance business, EbixCash Q2 2019 revenues grew 58% in Q2 2019 as compared to Q2 2018.


(dollar amounts in thousands)
 
 
 
 
 
 
Channel
Q2 2019
Q2 2018
Change
YTD
2019
YTD 2018
Change
EbixCash Exchanges
$ 78,948
$ 55,257
+43%
$ 156,685
$ 91,265
+72%
Insurance Exchanges
46,593
47,155
-1%
94,608
96,318
-2%
RCS - Insurance
18,734
22,214
-16%
35,906
45,273
-21%
Total Revenue
$ 144,275
$ 124,626
+16%
$ 287,199
$ 232,856
+23%
 
 
 
 
 
 
 
Total Revenue on Constant Currency Basis
$ 147.4M
$ 124.6M
+18%
$ 295.4M
$ 232.9M
+27%


Net Income and EPS:

Q2 2019 GAAP diluted earnings per share increased 2% to $0.94 compared to $0.92 in Q2 2018. The Non-GAAP diluted earnings per share in Q2 2019 grew 17% to $1.08 as compared to Q2 2018.



The following information was filed by Ebix Inc (EBIX) on Thursday, August 8, 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)
Other Current Liabilities (Details)
Other Current Liabilities (Notes)
Other Current Liabilities (Tables)
Subsequent Events (Notes)
Working Capital Facility (Details)
Working Capital Facility (Notes)
Ticker: EBIX
CIK: 814549
Form Type: 10-Q Quarterly Report
Accession Number: 0000814549-19-000090
Submitted to the SEC: Tue Nov 12 2019 12:25:18 PM EST
Accepted by the SEC: Tue Nov 12 2019
Period: Monday, September 30, 2019
Industry: Computer Integrated Systems Design

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