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Ebix Inc
Ebix Inc. is a prominent international supplier of on-demand software and e-commerce services to the insurance, healthcare, finance, and information and travel industries. It was founded in 1976, and its corporate headquarters are in Johns Creek, Georgia, a suburb of Atlanta. As of right now, 14 different countries host the business.
Ebix has over 200,000 clients and a workforce of approximately 10,000 people across Asia, Australia, Europe, Africa, and the Americas. Robin Raina serves as the company's chairman of the board, CEO, and secretary.
Ebix's solutions are in the business-to-business e-commerce and software areas, and it offers software products for the insurance industry, e-commerce platforms for the travel industry, and enterprise resource planning (ERP) solutions for various verticals.
Ebix became a publicly listed firm in December 2007, trading under the EBIX symbol on NASDAQ after its IPO [3]. (NASDAQ: EBIX).
Overview of Financials:
According to Yahoo Finance, the stock has a market capitalization of $2.34 billion as of March 2023. The stock's 52-week range is $12.61-$34.69, and its one-year target estimate is $25.75. The stock's one-year range is negative 3.07%, and its price-to-earnings ratio is 18.75.
According to Alpha Vantage, the company's revenue for the most recent quarter was $130.34 million, a 17.66% increase over the same quarter the previous year. In the most recent quarter, the business had a negative net income of $27.66 million and a gross profit margin of 85.31%. The business has a 7.24% return on equity and a 9.08% profit margin.
Upside:
In December 2020, Ebix competitor Confirmation.com was acquired. The acquiring company is well-positioned to capture the rising demand for virtual meetings and remote collaboration driven by the epidemic by offering Confirmation.com's software for online meetings and electronic signatures.
Ebix has made significant investments in the creation of technological solutions for insurance and healthcare in emerging nations like India. The Middle East and Africa, along with Southeast Asia, are seen as underdeveloped areas where Ebix can expand its business.
Risks:
Ebix had a tumultuous governance history, which led to delays in financial reporting and ended with a shareholder suit, a Delaware court ruling, and a Nasdaq de-listing threat. According to a press release, in December 2020, the Corporate Governance and Nominating Committee of the Board of Directors of Ebix, Inc. was created after reaching a settlement with activist shareholders.
Ebix spent $50 million in cash to settle claims related to the ill-fated gold deal that took place in October 2011.
Earnings:
The most recent quarter saw a negative earnings surprise of -12.34% for EBIX, which is inconsistent with its previous four quarters, which saw positive surprises of 43.26%, 8.87%, 1.39%, and 11.63%, respectively. (Source: Alpha Vantage).
Growth:
In the most recent quarter, Ebix's revenue increased by 17.66% year over year, and its income declined by 88.44%. In the last five years, Ebix's revenue has increased at an annual rate of 13.65%. (Source: Alpha Vantage).