Ebix Inc (OQ:EBIX)

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 1 Ebix Way
JOHNS CREEK GA 30097-5781
Tel: N/A
Website: www.ebix.com
IR: See website
Key People
Robin Raina
Chairman of the Board, President, Chief Executive Officer
Robert F. Kerris
Chief Financial Officer
Leon d'Apice
Executive Vice President & Managing Director - Ebix Australia Group
Sean T. Donaghy
Senior Vice President - Finance
Graham John Prior
Senior Vice President - International Business & Intellectual Property
James S. Senge
Senior Vice President - EbixHealth
Business Overview
Ebix, Inc. (Ebix) is a supplier of software and e-commerce solutions to the insurance industry. Ebix provides application software products for the insurance industry, including carrier systems, agency systems and exchanges, as well as custom software development. Ebix conducts its operations through four channels, which include Exchanges, Carrier Systems, Broker Systems and Risk Compliance Solutions (RCS). Ebix operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. Ebix designs and deploys back-end systems for P&C insurance brokers across the world. Ebix also designs and deploys on-demand and back-end systems for P&C insurance companies. Ebix focus in RCS channel pertains to business process outsourcing services that include providing project management, time and material consulting to clients across the world, and claims adjudication/settlement services.
Financial Overview
For the nine months ended 30 September 2019, Ebix Inc revenues increased 20% to $434.4M. Net income decreased 11% to $75.1M. Revenues reflect India segment increase of 60% to $224M, Indonesia segment increase of 42% to $7.2M. Net income was offset by General and administrative increase of 36% to $101.2M (expense), Interest expense increase of 80% to $32.6M (expense). Dividend per share remained flat at $0.23.
Employees: 9,263 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,736M as of Sep 30, 2019
Annual revenue (TTM): $570.76M as of Sep 30, 2019
EBITDA (TTM): $177.34M as of Sep 30, 2019
Net annual income (TTM): $85.58M as of Sep 30, 2019
Free cash flow (TTM): $68.95M as of Sep 30, 2019
Net Debt Last Fiscal Year: $626.28M as of Sep 30, 2019
Shares outstanding: 30,491,207 as of Sep 30, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization