Financial Statement
Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
| Three Months | Ended March 31, | |
| 2008 | 2007 | |
| Operating Revenue: | $ 16,639 | $ 9,018 |
| Operating expenses: | ||
| Costs of services provided | 2,843 | 1,566 |
| Product development | 847 | 952 |
| General and administrative | 3,816 | 1,787 |
| Amortization and depreciation | 819 | 625 |
| Total operating expenses | 10,496 | 6,780 |
| Operating income | 6,143 | 2,238 |
| Interest income | 122 | 71 |
| Interest expense | (342) | (228) |
| Foreign exchange gain | 59 | 5 |
| Income before income taxes | 5,982 | 2,086 |
| Income tax provision | (312) | (124) |
| Net income | $ 5,670 | $ 1,962 |
| Basic earnings per common share | $ 1.66 | $ 0.69 |
| Diluted earnings per common share | $ 1.40 | $ 0.61 |
| Basic weighted average shares outstanding | 3,406 | 2,848 |
| Diluted weighted average shares outstanding | 4,154 | 3,216 |
Investor Home
