Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended
  March 31,
  2023 2022
Operating revenue $242,761 $286,253
     
Operating expenses:    
Cost of services provided 156,479 210,843
Product development 9,983 10,258
Sales and marketing 3,331 3,765
General and administrative, net 37,467 26,913
Amortization and depreciation 5,016 4,364
Total operating expenses 212,276 256,143
     
Operating income 30,485 30,110
Interest income 81 62
Interest expense (22,264) (10,251)
Non-operating (loss) income (330) (734)
Foreign currency exchange gain (loss) (1,220) 894
Income before income taxes 6,752 20,081
Income tax (expense) benefit (623) (1,704)
Net income including noncontrolling interest 6,129 18,377
Net loss attributable to noncontrolling interest (944) (814)
Net income attributable to Ebix, Inc. $7,073 $19,191
     
Basic earnings per common share attributable to Ebix, Inc. $0.23 $0.62
     
Diluted earnings per common share attributable to Ebix, Inc. $0.23 $0.62
     
Basic weighted average shares outstanding 30,841 30,712
     
Diluted weighted average shares outstanding 30,842 30,762
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EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

IR@ebix.com

David Collins, Tanya Kamatu, Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

Ebix Named in Fortune’s 2017 100 Fastest-Growing Companies

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