Ebix reports $11.53 million net loss for March

By Sarah Lizee

Olympia, Wash., April 23 – Ebix, Inc. reported an $11.53 million net loss for March on $11.16 million gross income/sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Northern District of Texas.

The operating income for March was $1.12 million.

The company posted $12.06 million in reorganization fees.

The cash balance at the end of the month was $14.39 million.

Ebix is a Johns Creek, Ga.-based international supplier of on-demand software and e-commerce services to the insurance, financial, health care and e-learning industries. The company filed bankruptcy on Dec. 17 under Chapter 11 case number 23-80004.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.